> For the complete documentation index, see [llms.txt](https://hawkfi.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hawkfi.gitbook.io/whitepaper/market-making-mm-agents.md).

# Market Making (MM) Agents

Market Making on Solana used to be exclusive to prop AMMs and institutions. Now anyone can do it with HawkFi's quant-optimized models & agents, at 0% execution cost.

<figure><img src="/files/QXIWXiUWSJOqzHeqhEFc" alt=""><figcaption></figcaption></figure>

### What are Market Making (MM) Agents?

Deploy and customize your own HawkFi agent that continuously places **buy orders just below** and **sell orders just above** the current price on a pool (e.g. SOL-USDC, HYPE, ZEC, SPCX), capturing **spread PnL** as markets trade, and refreshing quotes automatically.

Under the hood it runs a **Dynamic Limit Orders (DLO)** — a live ladder of resting limit orders on Meteora DLMM. These aren't static, rule-based bots: the models are **quant-optimized and fine-tuned per market regime and asset class**, so spread, refresh tempo, and inventory skew adapt to what each asset is actually doing.

{% hint style="info" %}
For simplicity, you can deploy optimized models for your agents. Optionally, you can customize advanced MM configurations.
{% endhint %}

### How do you earn?

You keep 100% of PnL spread (Markouts), at 0% execution cost.

In any CEX/DEX, maker fees charge 0.1-0.4% execution cost, whereas HawkFi charges 0%. This is possible because HawkFi keeps the maker fees from Meteora DLMM limit orders to run the agents and high frequency automations, while making execution cost free for users.

Minimum deposit is 1 SOL

*Profit from trades, pay nothing to execute.*&#x20;

* Impossible on Solana (until HawkFi MM Agents)
* Impossible on any CEX/DEX

{% hint style="info" %}
MM (Market Making): Earn from PnL spread

LP (Liquidity Providing): Earn from Fees
{% endhint %}

> 💡**MM is a great alternative to LP** for token pools that have low fees & volume, or are too competitive against Prop AMMs. Because MM agents let users **earn from PnL spread instead of low/competitive fees**.

### General Guidelines for Market Making (MM)

<table><thead><tr><th width="209.8499755859375">Category</th><th>Remarks</th></tr></thead><tbody><tr><td>Best for</td><td><ul><li>Sideways, range-bound, delta-neutral markets</li><li>Multi-day positions</li></ul></td></tr><tr><td>Ideal assets</td><td><ul><li><p>Cryptocurrencies &#x26; tokenized stocks with stable or consolidating prices</p><ul><li>Crypto: SOL-USDC, HYPE, ZEC, JUP</li><li>Stocks: SPCX, NVDA, ANTHROPIC</li></ul></li></ul></td></tr><tr><td>What you earn</td><td>100% of PnL spread (Markout), at 0% execution cost</td></tr></tbody></table>

#### How to deploy Market Making (MM) Agents

* (Tutorials coming soon)


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