> For the complete documentation index, see [llms.txt](https://halfmoon.gitbook.io/halfmoon-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://halfmoon.gitbook.io/halfmoon-docs/liquidity-providers/market-makers.md).

# Market Makers

HalfMoon PMM RFQ offers a professional, API-native market making platform designed for institutional liquidity providers and professional market makers.

This page provides an overview of the **Market Maker program** and how you can participate in providing liquidity to our RFQ ecosystem.

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### What Is a PMM RFQ Market Maker?

A **Market Maker** in the PMM RFQ network is an entity or algorithm that provides continuous quotes for supported assets by responding to quote requests programmatically.

Market Makers support the HalfMoon ecosystem by:

* **Providing competitive pricing** for large notional trades
* **Supplying deep liquidity** across markets such as BTC, ETH, BNB, and tokenized RWA
* **Reducing slippage and improving execution certainty** for RFQ participants
* **Supporting automated API workflows** with deterministic quote responses

Unlike AMM-based liquidity, PMM RFQ relies on professional Market Makers to deliver executable quotes that traders can execute directly on-chain using the **Firm Quote** API.

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### Why Market Making on PMM RFQ

#### Professional Execution

Market Makers provide **deterministic, executable pricing** through APIs with predictable behavior, suitable for institutional interaction, algorithmic strategies, and automation.

#### Access to High-Value Flow

HalfMoon’s RFQ ecosystem is focused on high-liquidity digital assets and tokenized real-world assets (such as Ondo RWA assets), delivering **quality order flow** from professional and institutional users.

#### API-First Architecture

Our system allows Market Makers to connect directly via REST APIs, enabling:

* **Server-to-server quote requests**
* **Automated quote publishing**
* **Fast response times**
* **Structured quote lifecycles**

This API-first model ensures seamless integration with your pricing engines.

#### Transparency & Control

Market Makers receive structured requests with clear parameters, including:

* input amount
* slippage tolerance
* expiry constraints

This enables sophisticated quoting strategies with precise risk controls.

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### What We Expect From Market Makers

We welcome market participants who can:

* Provide firm quotes for supported assets
* Maintain pricing infrastructure with low-latency response times
* Support robust risk controls and pricing logic
* Integrate via secure JWT-authenticated API requests
* Keep quotes active within defined expiry and slippage constraints

HalfMoon aims to collaborate with Market Makers who share our commitment to quality pricing and reliable liquidity.

***

### Supported Asset Coverage

As a Market Maker in the PMM RFQ ecosystem, you can provide liquidity for:

* Major crypto assets (e.g., BTC, ETH, BNB, and additional leading tokens)
* Tokenized real-world assets (RWA), including **Ondo assets**

You can discover the supported assets and trading pairs via the **Listing API**.

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### How It Works

1. **Integration**\
   After onboarding, you receive secure API credentials (JWT) to authenticate with PMM RFQ endpoints.
2. **Pricing Engine**\
   Your system listens for quote requests via the **Indicative Pricing API** or internal feed.
3. **Firm Quotes**\
   On request, provide deterministically priced quotes via the Firm Quote workflow.
4. **Execution Support**\
   Traders use your quote’s returned `calldata` and `router_address` to submit transactions on-chain before the quote expiry.

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### Benefits for Market Makers

* **Quality Order Flow**\
  Access flows from professional and institutional traders.
* **Minimal Latency Demand**\
  Our API architecture is optimized for responsive, scalable integration.
* **Clear Quoting Standards**\
  Structured quoting criteria help maintain price quality.
* **Market Visibility**\
  Insights into supported markets and demand patterns via API statistics.

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### Ready to Join?

We’re actively inviting **interested and qualified market makers** to participate in HalfMoon’s PMM RFQ ecosystem.

To get started:

1. Contact our team for onboarding details
2. Receive API access and documentation
3. Integrate with PMM RFQ pricing endpoints
4. Begin providing quotes and supporting market liquidity

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### Contact

For partnership inquiries, onboarding support, or technical integration questions, reach out to:

**Email:** <support@halfmoondex.com>