> ## Documentation Index
> Fetch the complete documentation index at: https://docs.melt.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Liquidity Requirements

> Depth and spread standards for listed assets

## Liquidity-First Policy

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

### 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