How to Participate

How can one participate in PepperDEX market making?

PepperDEX's goal of developing the PepperDEX market maker was not only to bootstrap liquidity on orderbooks, but also to enable everyday users to market-make on orderbooks. We enable this natively via protocol-run trading vaults, which can be thought of as a vault that users can deposit into and earn yield. Capital in the vault will be routed to market-making via different strategies where users earn yield based on the pro-rata share of their vault.

Please note that yield is not guaranteed and depends completely on market-making profits. Yield in many scenarios can be negative. PepperDEX encourages users to understand the nuances of market-making before depositing. In many cases where the market shows directional trends, the market maker takes the other side and ends up exposed to losses. Although the market maker takes concrete steps to minimize such shocks, the effect is still visible, via the APY on vaults. Please deposit at your own risk.