The Maker Advantage
Likely’s architecture offers three unique advantages that make it the most profitable place to provide liquidity.Earning from Tips
Tips aren’t just for priority; they are a payment for the risk you take in providing liquidity.- Successful Fills: 100% of the taker’s tip is distributed to the makers whose orders were matched.
- Protocol Backup: If you pull your quotes during extreme volatility, the Protocol Liquidity Fund (funded by failed bundle tips) steps in to keep the market stable.
Protecting Against “Toxic Flow”
Toxic flow happens when a trader with faster information picks off your old price before you can update it.- In the Old Way: The faster bot wins 100% of the time.
- On Likely: Every 500ms auction window gives you a chance to react. You have time to Cancel or Amend your quotes before the auction closes, neutralizing the speed advantage.