Become a Market Maker

Market makers keep GetEquity’s RWA tokens liquid: they create and redeem stock with each asset’s vault and quote investors a two-way price. Read market-making pools first for how the venue works.

Testnets only today. You can practise every step on Base Sepolia and Solana devnet. Venues are not yet deployed on mainnet.

1. Get approved

Making markets is permissioned. Approval has two layers, both recorded on chain:

Layer	What it means	Base	Solana
Firm approval	Your wallet is an approved market maker	`VenueFactory.isApprovedMaker(maker)`	`maker_approval` PDA `["maker_approval", maker]` exists and is approved
Per-asset activation	You may act on this asset’s venue	`venue.isActiveMaker(maker)`	maker state PDA `["maker", venue, maker]` is active

Apply

Contact GetEquity to begin onboarding. We run due diligence on the firm and agree a market-maker agreement covering obligations (quoted spread and depth), limits and conduct.

Name your maker wallet

One wallet per chain is your maker identity: every venue call must come from it.

Approval on chain

GetEquity’s governance multisig approves the wallet. Approval switches you on for every asset that has a venue, in one multisig transaction. An asset’s sponsor may later stand you down on that asset alone; withdrawing firm approval stops you everywhere.

Check your status at any time with the views above.

2. Set up your wallet

Hold the tokens you will trade. cNGN to create stock and to buy from investors; the RWA token to redeem and to sell to investors.
Approve the venue. The venue moves tokens from your wallet only up to your allowance, and that allowance is your quoted depth.
- Base: approve(venue, amount) on cNGN and on the RWA token.
- Solana: SPL approve_checked on your cNGN and RWA token accounts, delegating to the venue PDA.
Have gas. ETH on Base, SOL on Solana.

Once approved, your wallet cannot sell on the Market: the Market reverts with MakersMustUseTheVenue. Redeem through the venue instead.

3. Find the venue

Base: VenueFactory.venueOf(token) returns the asset’s venue (0x0 if it has none). Base Sepolia venues are listed on the Base addresses page.
Solana: the venue is the PDA ["venue", mint] under the rwa_venue program BNySR58kNhV646LGVERkyxD4DMk7puamJ1DDpbXMHhpW.

4. Trade

Base (EVM)

// Primary: create stock with the vault (pay cNGN, receive the RWA token)
uint256 stockOut = venue.create(cashIn, minStockOut);

// Primary: redeem stock (one outstanding redemption per maker)
(uint256 id, bool paidNow) = venue.requestRedeem(amount, minPayout, deadline);
venue.claimRedeem(id);        // when it reaches the head of the queue
venue.resolveRedeem(id);      // after the force-resolve window
venue.withdrawOwed(maker);    // deliver what resolve recorded

// Secondary: quote investors
venue.setQuote(bidSpreadBps, askSpreadBps, validUntil);

Useful views: quoteRedemption(amount, priceScaled) (what a redemption would pay at a price; pass Market.currentPriceScaled(token) for now), availableFloat(), queueLength(), getRedemption(id), hasQueuedRedemption(maker), quoteOf(maker), makerDepth(maker), meetsDepthObligation(maker), owedStock(maker), owedCash(maker). Events: Created, RedemptionRequested, RedemptionPaid, SettlementDeferred, OwedWithdrawn, QuoteSet, BoughtFrom, SoldTo.

Solana

Instructions on rwa_venue (full accounts in the IDL):

Instruction	Args	Notes
`create`	`cash_in, min_stock_out`	Pay cNGN, receive stock
`request_redeem`	`index, amount, min_payout, deadline`	`index` must equal the venue’s `redemption_count`; the redemption PDA is `["redemption", venue, index]`
`claim_redeem`	—	Pays the head of the queue; send it with `request_redeem` when the pair succeeds
`resolve_redeem`	`index`	After the force-resolve window
`withdraw_owed` / `_stock` / `_cash`	—	Delivers what resolve recorded, from `["owed", venue, maker]`
`set_quote`	`bid_spread_bps, ask_spread_bps, valid_until`	Spreads in bps, `valid_until` in unix seconds

Other accounts you derive:

Account	Program	Seeds
Venue	`rwa_venue`	`["venue", mint]`
Maker state	`rwa_venue`	`["maker", venue, maker]`
Maker approval	`rwa_venue`	`["maker_approval", maker]`
Venue allowance	`rwa_vault`	`["venue_allowance", mint, venue]`

Events: Created, RedemptionRequested, RedemptionPaid, OwedWithdrawn, QuoteSet, Traded, RedemptionCancelled.

Good practice

Quote and protect. Pass a real minStockOut / minPayout and a short deadline (GetEquity’s own client uses 1% and 10 minutes).
Refresh quotes before they expire. Investors cannot trade against an expired quote.
Keep allowances at the depth you mean to show. Depth is read from your balance and allowance, not from a separate setting.
Watch the queue. A redemption that is not at the head cannot be claimed yet; one outstanding past the force-resolve window is settled by resolveRedeem.

On-Chain

Credit

Market Making

Ethereum (Base)

Solana

Reference

Become a Market Maker

1. Get approved

2. Set up your wallet

3. Find the venue

4. Trade

Base (EVM)

Solana

Good practice

​1. Get approved

​2. Set up your wallet

​3. Find the venue

​4. Trade

​Base (EVM)

​Solana

​Good practice

1. Get approved

2. Set up your wallet

3. Find the venue

4. Trade

Base (EVM)

Solana

Good practice