Market Maker Program

This document provides an overview of the Pacifica Market Making Program. For full details, please reach out to the Pacifica team (see below)

Program Overview

The Pacifica Market Making program exists to ensure a healthy marketplace, benefitting traders with tight spreads and deep liquidity.

The program aims to foster a fair and open competitive environment, where Liquidity Providers are able to earn rewards proportional to their relative contributions to these goals.

In order to assist in liquidity provisioning, MM program participants enjoy the following:

• Zero fees on maker fills

• Greatly increased rate-limits

• Increased deposit caps

Eligibility

All users of Pacifica Exchange are eligible to participate in the Market Making program, opt-in is required in order to set up reporting channels and apply for zero-maker-fee grace periods while ramping up.

To qualify for rewards beyond the initial program launch assessment period, an eligible Market Maker must meet the minimum requirement of X% of the Total MakerScore for the relevant period This amount will be determined soon, and is subject to change over time based on liquidity conditions on Pacifica.

Scoring

Participants in the Pacifica Market Making program are scored and rewarded based on the following criteria. For full details, please reach out to Pacifica Institutional (see below):

• Maker Volume

• Pairs Traded

• Quote spread and depth

• Quote uptime

Rewards

After the Market Maker’s score is calculated for each assessment period, trading rewards for the period can be received in the form of points OR cash, and makers can choose a combination of the two.

The USD pool available to be distributed each period is calculated as: 20% of total trading fees collected from all market maker counterparties.

The Points pool to be distributed each period is 100,000 points (50,000/week)

Additional Specs

• MM accounts earn points as per the regular points program for all non-maker activity

• MM accounts pay regular taker fees based on total trading volume.

• MM accounts and subaccounts are ineligible for participation in exchange-wide trading competitions unless otherwise specified.

• Weekly reports will be sent summarizing maker performance.

• Maker rewards will be sent during points distributions every 14 days.

Full Details and Application

For full Pacifica Market Making Program specs and details, as well as to apply to be part of the program, please reach out to us at [email protected] or open a ticket at discord.gg/pacifica

Note: Pacifica monitors all trading activities closely. We do not tolerate market manipulation or abusive trading activities of any kind. If we suspect a participant to be in violation, we reserve the right to modify or deny their rewards entirely. Pacifica reserves the right to modify aspects of the Market Maker Program based on changing market and liquidity conditions.