Jelly Swap releases new market making software in order to maximize the profit from the spreads and to make the market more competitive. It is an automated software is called Butler and comes as an easy to set up desktop application for liquidity provision. Butler works in a different manner than Uniswap and other exchanges - see the advantages below:
- As a market maker you will be free to choose the spread. Thus, the rates provided on Jelly will be much more flexible than other platforms.
- Market makers will earn bonuses from our incentive program - 12.6% annualy for the first 100k liquidity provided
- Funds for liquidity provision are used only on demand. This means that market maker's funds will not be locked and he can meanwhile use them for other purposes.
- Cross-exchange liquidity provision - market makers will be able to rebalance their portfolios on other centralized platforms and thus solve the problem with impermanent loss
- There is one disadvantage we have to mention: every market maker has to operate the node and keep it up and running all the time or with short downtimes
Read more here:
https://jellyswap.gitbook.io/liquidity/https://medium.com/jelly-market/market-making-incentive-program-fbef51f41448Twitter:
https://twitter.com/jelly_swap