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Liquidity-First Policy

Melt enforces a Liquidity-First policy. No asset is listed without committed Designated Market Maker support.

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Standards

  • Spread tightness — bid/ask spreads must meet protocol-defined thresholds before public activation
  • Order book depth — sufficient depth to absorb standard retail trade sizes with negligible slippage
  • Continuous quoting — DMMs must maintain orders during market hours

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Monitoring

The protocol continuously monitors order book depth and spread metrics. If liquidity falls below thresholds, the Core Team may pause public access until conditions improve.