Maker System
Makers assist senders with the interoperability and adaptability of their asset transactions in an efficient manner. Continuously providing liquidity in all market conditions, they optimise Ethereum Layer 2 transactions for stability.
Maker System is a multifunctional decentralised mechanism, empowering both Makers and Senders to flexibilize their digital assets safely and efficiently. We enable makers to earn competitive profits by setting up Maker Nodes, while safeguarding sender’s assets via the Arbitration mechanism.
Makers can set up a maker node by themselves and provide liquidity.
Anyone can create a maker node via the maker dashboard.
Route
- Step 1: Go to the MakerNode page in Orbiter Dashboard.
- Step 2: Maker needs to select the layer 2 network in which they wish to provide liquidity. Please note that a maker can choose multiple destination networks for transaction validation and liquidity provision.
- Step 3: Set the transaction limit, withholding fee and trading fee per transaction according to the maker's preferences.
Limit: Refers to the maximum amount allowed for a transaction. Please note that the minimum transaction value is 0.005 Eth. Withholding Fee: A one-time charge to cover the cost of gas for transfers to the destination network. Fees may vary according to the destination network. Trading Fee: Makers can choose a percentage of the trading value they wish to get from the per-transaction amount.
We recommend that makers keep 110-180 Eth in their EOA as liquidity in order to respond to transaction needs. In addition to the liquidity that makers provide in their EOA, makers also need to deposit excess margin in the MDC contract. Makers are able to adjust the excess margin amount by modifying the limit of every transaction pair. Makers will receive the total amount of excess margin deposited when the node is removed.
Makers will be able to access the ongoing arbitration cases and history via Maker Arbitration on Maker Client homepage.
Although our Maker Client is now running on the testnet and only available to members of our Whitelist, we will expand our reach and finally meet everyone very soon!
Last modified 3d ago