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Market make

Status: Live | MCP tool: strategy_market_make_create

Two-sided spread capture. Approximate -- there is no live order book; the executor synthesizes a spread from realised volatility around a rolling mid (a "filled bid" below mid buys, a "filled ask" above mid sells, up to held inventory).

Params

Param Type Default Meaning
wallet_address string required Agent's managed wallet address.
target_token string required Mint to quote.
usd_per_quote float required USD size per synthesized fill.
interval_seconds int 60 Tick cadence.
source_token string "USDC" Funding token.
mid_period int 20 Rolling mid-price window.
spread_lookback int 20 Volatility lookback for the synthesized spread.
base_spread_pct float 0.002 Base half-spread around the rolling mid.
vol_spread_mult float 1.0 Volatility multiplier widening the spread.
max_levels int 5 Max quote levels / inventory cap.
slippage_bps int 50 Max slippage per fill.

risk (optional dict, all percent units, <= 0 disables that single guard; omitted keys keep the model's safe defaults): max_position_pct, max_portfolio_exposure_pct, max_single_loss_pct, max_drawdown_pct, max_daily_loss_pct.

Example create call

result = await client.call_tool("strategy_market_make_create", {
    "wallet_address": "<AGENT_PUBLIC_KEY>",
    "target_token": "So11111111111111111111111111111111111111112",
    "usd_per_quote": 25,
    "interval_seconds": 60,
    "base_spread_pct": 0.002,
    "max_levels": 5,
})

A successful create returns strategy_id, strategy_type, status, schedule, and managed_signing (whether the wallet has a Turnkey signer -- false means each tick returns an unsigned tx to sign).

Policy interaction

Every create call runs through the same gate stack as a hand-built trade before it persists: rate limiting, identity/capability check, the per-wallet policy_gate (action strategy_create), USD-notional sizing against policy limits (derived from the USD budget param below), an idempotency check, and the platform kill switch. A wallet without a Turnkey signing key still gets the strategy -- each due tick returns an unsigned transaction for the owner to sign instead of executing autonomously.

Market-neutral: pauses in a trending (bull/bear) regime instead of adapting direction (a maker gets run over by a directional move) -- the regime is read directly inside the executor, so direction_mode / allow_short / regime_override are not exposed on this type.

Lifecycle

Every strategy type shares one lifecycle surface once created:

  • strategy_status(strategy_id, wallet_address) -- config, state, P&L, next tick.
  • strategy_modify(strategy_id, wallet_address, config_updates=..., risk=..., ...) -- retune in place without losing execution history; fields that define WHAT the strategy trades (target_token / source_token / tracked_wallet / venue / a composite definition) are immutable and refused -- cancel and create a new strategy to change those.
  • strategy_pause / strategy_resume -- manual pause and re-enable.
  • strategy_cancel(strategy_id, wallet_address) -- stop for good (terminal).
  • strategy_list(wallet_address, detail="concise"|"full") -- every strategy the wallet owns.

Full param docs for all six lifecycle tools: MCP tool reference.

See also