entropy-market-maker's Introduction

Entropy Market Maker

This repo contains a simple typescript market making bot for Entropy. NOTE: This version does not include delta hedging for the power perps currently

Docs: https://org-docs.friktion.fi/entropy/market-making-bot-python/overview

Trade: https://entropy.trade

Setup

To run the market maker you will need:

A Solana account with some SOL deposited to cover transaction fees
A Entropy Account with some collateral deposited and a name (tip: use the UI)
Your wallet keypair saved as a JSON file
node and yarn

git clone https://github.com/Friktion-Labs/entropy-market-maker
cd market-maker-ts
yarn install

## Set mangoAccountName in entropy-market-maker/params/quote_params.json file to reflect the name of your MangoAccount

Run via terminal

ts-node src/mm2.ts

Market Maker Params

See params/default.json for an example

Variable	Default	Description
`group`	`mainnet.1`	Name of the group in ids.json
`interval`	`10000`	Milliseconds to wait before updating quotes
`mangoAccountName`	N/A	The MangoAccount name you input when initializing the MangoAccount via UI
`mangoAccountPubkey`	N/A	If no MangoAccount name, just pass in the pubkey
`assets`	N/A	Mapping of symbols to trade and their specific params
`size_perc`	`0.1`	The size of each order as a percentage of equity
`edge`	`0.0010`	How much to increase quote width from centralized exchange
`lean_coeff`	`0.0005`	How much to move the quotes per unit size of inventory
`bias`	`0`	Fixed amount to bias. Negative values bias downward. e.g. -0.0005 biases down 5bps
`requoteThresh`	`0`	How much new bid/ask price must change to requote; e.g. 0.0002 implies 2bps
`ftxSize`	`100000`	How much to look up spread on centralized exchange
`disableFtxBooks`	`false`	Whether to try to find a FTX market for quoting.