Missing Market Management Documentation

[Akashmathwani]

Hey Guys ,
Most of the documentation I have gone through is explaining the code functions. Are there any documents where it is mentioned how to set and operate a market? How we can determine the best prices for odds just how like Betdex is doing? What happens after placing orders? How do we match trades?

Thanks
Akash

[druspencer]

Are there any documents where it is mentioned how to set and operate a market?

No full documentation but the code examples in https://github.com/MonacoProtocol/sdk/tree/main/examples/cli-admin/src should offer a good starting point.

Essentially:

• npm run checkRoles to ensure you have the market role we have given you
• Edit then run market_create_verbose to include the key information relating to your market (name, lock, outcomes) - you set the mint token when you run npm run createMarketVerbose (mint token being the entry token public key, so your own token on devnet to replace USDT)
• Run npm run openMarket with the market created above
• You will then be able to place orders on the market that will be matched via the crank and protocol (see below)
• Finally you can run npm run settleMarket with the winning outcome index to mark your market for settlement (settlement is also processed by the crank)
  • You market outcome index being the index of the outcome that wins so if Blue wins in ["Red", "Blue"] then the index should be 1

How we can determine the best prices for odds just how like Betdex is doing?

• Best prices are determined by the protocol

How do we match trades?

• Currently a crank is operating that match all trades on devnet and mainnet for all markets

We are currently working on documentation/tools to help protocol users better navigate market management but hopefully these answers point you in the right direction.

[Akashmathwani]

Hey,
I am already able to create a market and able to place orders. From where I can fetch these back and lay prices?

[druspencer]

Those you can get with getMarketPrices example here: https://github.com/MonacoProtocol/sdk/blob/main/examples/cli/src/get_market_prices.ts