The liquidity program rewards external market makers for keeping the order books of selected markets deep and tight. The program page Liquidity Program describes the requirements, the calculation and the fair use rules, shows the current program markets and has the application form. After you apply, everything is in Account → Liquidity program: the status, your application, then the program markets with your terms, your measured results and the monthly rewards.

How to join

Log in to your main account and open Liquidity Program. Fill in the form Apply to the program: Company or name, Contact (Telegram or email) and Markets to quote are required; the website, the expected monthly volume, where you already make markets, your strategy and experience and a comment are optional. Press Send application. Only the main account can apply (sub-accounts are counted together with it).
Strade reviews every application by hand and contacts you at the address you gave. Account → Liquidity program shows the status: Application under review (with what you sent), then Active or Application declined. After a decline you may send a new application on the program page.
Once active, you get terms on every program market: a rate and the obligations. Strade may set individual terms per market; the page always shows the ones in force for you.

Obligations and how they are measured

Several times a minute Strade takes a snapshot of each program market's order book and checks your own orders in it. A snapshot counts as met when you quote both sides, the spread between your best bid and your best ask is within the max spread, and your orders within the band around the mid price (shown on the page) add up to at least the min depth on each side. Your uptime for a month is the share of snapshots you met. While trading on a market is halted or paused, no snapshots are taken there: that time does not count for or against you. The page also shows your average spread and depth, your maker volume (the volume of your orders that others traded against), your share of the market's volume and the fill ratio of your orders. The current month is updated every hour.

Rewards

After each month (UTC) Strade calculates, per market, whether your uptime reached the minimum and how much you earned: your maker volume multiplied by your rate, in the market's quote asset. The reward shows as Waiting for confirmation until Strade confirms it, then it is paid to your Funding wallet and shows as Paid. If a month did not meet the obligations, the row says why. Strade may cap a market's rewards and may decline a reward after checking the trading.

Fair use

Trading between your own accounts, quoting only to pass the measurement, or any manipulation of the order book is not allowed: such participation is suspended or ended and its rewards are not paid. Our own market-making bot, test accounts and sub-accounts cannot take part.

See also: What are the trading fees?, What order types are there?

How does the liquidity program work?