Earn and market making
What your reserve shares represent and why liquidity matters.
The market-making vault supplies orders for people taking the other side of a Window. Depositors receive shares in that vault. The value of a share changes with the vault's trading results.
What the maker actually does
The operator's maker key places a paired quote: a post-only bid and ask within the contract's price and spread limits. It cannot use the maker entry point to submit arbitrary taker orders.
The contract caps quantity, capital per Window, total deployment and the number of open Windows. The operator watches for price changes, cancels stale quotes and replaces them when appropriate.
When the vault holds both halves of a complete set, they can be merged back into collateral. Once a Window resolves, its remaining inventory can be settled through the venue.
What a share means
Share accounting includes idle and deployed capital. Your shares are a claim on the vault's value, not a fixed number of dollars and not a guaranteed rate of return.
Withdrawals draw on idle capital. The contract also refuses withdrawal while expired Windows still need settlement. A displayed position can therefore be valuable without all of it being available for immediate withdrawal.
The other reserves
Parlay and Range reserves play a different role: they back specialist tickets. They earn lost stakes and pay winning tickets. LeverageReserve finances boosted positions and takes the risk that a sale will not repay the financing.
| Reserve | Capital is committed to |
|---|---|
| Market maker | Resting orders and market inventory |
| Parlay | Maximum payouts for multi-Window tickets |
| Range | Maximum payouts for closing-price bands |
| Leverage | Financed capital in boosted positions |
A contract having a supplier function does not mean every deposit route is presented on every app page. Use the app's actual Earn controls and review the named contract and terms before signing.
Open Earn to inspect the available vault and its current figures.
Source notes
This guide follows the application code reviewed on 2026-09-07. Links point to that reviewed commit and require repository access. GitHub may show 404 if you are signed out or do not have access.