> For the complete documentation index, see [llms.txt](https://docs.takapu.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.takapu.org/discover/built-for/market-makers.md).

# Market Makers

Bring an existing market-making engine to Takapu Protocol.

Takapu Protocol lets a Market Maker turn an existing market-making engine into a propAMM without replacing its pricing, inventory, risk, or hedging systems.

## Keep your edge

The Market Maker remains responsible for pricing, available depth, inventory, risk limits, hedging, and settlement capital. Takapu Protocol standardizes the executable state that downstream participants can understand.

## Publish executable liquidity

1. Produce prices and available depth from your existing engine.
2. Sign the quote as a versioned Market Frame.
3. Publish Market Frames through a Market Stream for subscribed Execution Routers.
4. Fund and operate your Market Maker Vault / Contract for direct settlement.

The result is an independent, executable propAMM that can be reached through the Takapu Protocol execution standard.


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