Creating an offer (maker)

When creating an offer, you are the “Maker” A maker can be defined as a user creating liquidity by posting assets in an order book forming a single-sided liquidity pool. For example: A maker can create a buy-side order by selling USDC and receiving EVE. or A maker can sell-side order and sell EVE and receive USDC. In both cases, the Maker is providing liquidity in one token and accepting another. Makers can create a market for those who wish to Buy EVE or those who wish to Sell Eve or simply focus on one side. In this way, liquidity providers never run the risk of impermanent loss.

Makers can make offers on any coin but can only accept payment in vetted tokens using chainlink oracles. Steps to launching an offer. Step 1: Click Create a sell offer, select the token you wish to liquidate and which token you will accept for payment. In the sell section you can add a custom token by pasting the contract address, the token must be in your wallet and on the polygon network.

Step 2: After clicking Submit a new box will appear, in this box, you can include various settings. Here is a quick overview of the settings you have at your disposal. Quantity- The total amount of tokens you wish to sell, you can withdraw unsold amounts at any time. Price - Can be set up as dynamic in the event it's EVE or a popular coin supported by chainlink otherwise use static which is a fixed price. Please note that when using Static- you will need to cancel the trade should the price no longer be acceptable to you. The trade can then be re-submitted with an updated price. Vesting - When using the vesting setting the maker receives the full payment but the buyer must claim tokens over a period of time. This feature is primarily used by project treasuries selling at a discount to avoid users from potentially arbitraging aggressively and dumping the price on other markets. Discounts can be useful for a new token offering, in this case, users can buy at different discount levels and have a longer vesting period as set by the project. Discount / Premium - This feature is useful for specific cases. If a user wishes to liquidate a large number of tokens they might choose to charge a premium ( a % above market price ) why? on a typical AMM-based DEX a user buying a large number of tokens will push up the price in this way the seller makes sure they get the max value. A user might wish to use a discount if it's a token with low liquidity as an incentive for buyers, they could combine this with a vesting period or not.

Step 3: Confirm your order. Meta mask will open, click confirm.

Step 4: You will see an offer summary again, click submit. and approve in Meta mask.

Step 5: Your trade is live, you will see an option to check the trade on Polyscan.

Congratulations you're offer is live, you can view it on polygon scan!