Currently Maker fees are 0 (until further notice), and all liquidity pools have a fee multiplier of 1.3x ($50,000 prize pool). All fee multipliers are sent to liquidity pool providers.
Users can handle a sales or purchase order for a single item, but maintaining sales or buy orders (LPs) for multiple items can quickly become a burden. Magic Eden’s AMM makes it easy to process sell-side, buy-side and double-sided LPs of any size.
There were two types of LPs: buy-side LPs and sell-side LPs.
An LP on the buy side is similar to numerous collection offers with different prices. Instead of entering the prices one by one, describe your entire buy-side LP in words like price curve type, highest buy price on the curve, number of separate buy orders on the curve, incremental delta amount on the curve, and royalty payment enabled .
A sell-side LP is analogous to several offerings with different prices. Instead of entering prices one by one, you just define the entire LP on the sell side in words like price curve type, lowest sell price on the curve, set of NFTs to be included in the LP on the sell side, incremental delta amount on the curve and royalties required on every sale.
There is also a double-sided LP that has a buy side and a sell side. It works similarly to a standard market maker in that users can trade both sides of the market. The author of a double-sided LP can set up an LP fee to collect fees as a percentage of each purchase or sale transaction using the LP. This means that LP owners can collect fees on all LP transactions.
Magic Eden AMM pools make it easy to handle sell, buy and double-sided LPs on Magic Eden. Users can quickly place, edit and cancel orders with the right technology, no matter how large their LP is.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.