Create New Market

I’m trying to create a new market on Bonfida. How do I calculate the minimum order size and tick size? I’m trying to pair my new token with SOL

Hey @jcampbell1870 !

Min order size and tick size depends on several things including the USD value of the token being traded. For instance for BTC it might make sense to have a 1 USD tick size but not for a token like DOGE.

There is no one size fit all answer to your question and if you have a MM for your token I strongly suggest to discuss this topic with them. As a rule of thumb I guess you can do something like:

  • Tick size: a few bps of the value you expect the token to trade at
  • Min size: Should not be too big otherwise it might deter people from providing on your market

I hope that help!