Liquidity-reward farming
The platform pays daily rewards for resting orders near the mid on designated markets. Quote both sides as buys, stay inside the reward band, never improve the touch — and learn why the lonely market maker is the sniper's favorite target.
The hypothesisReward programs subsidize liquidity: rest orders within a band of the mid at minimum size and collect a share of a daily pool. Quote BUYs on both outcome tokens (a bid on NO is a synthetic ask on YES — two-sided exposure, no inventory to short) and the subsidy plus occasional profitable double-fills should exceed the cost of being picked off.
The test
A simulated daemon quotes both tokens of a reward-designated market inside the reward band, with every safety mechanism live capital would need: volatility pull-backs, inventory caps, a per-token loss brake. The simulation charges itself honest fills — a resting bid only "fills" when the live ask actually trades through it — and the lessons have been accumulating in the changelog like scar tissue.
The result
Three survival rules earned so far, each after the naive version got punished. Don't churn: reward scoring samples your resting time, so needlessly cancelling and re-placing quotes is unpaid downtime — keep a quote unless the target actually moved. Camouflage: rest only at price levels other market makers already occupy, and refuse to quote at all when the band is thin — the lone quote in an empty band is a free option for every sniper watching the spot feed. Merge your pairs: paired fills on both outcomes are a $1 complete set that should be recycled immediately; unmerged, they silently pin the inventory cap and idle the whole operation (ours sat frozen for thirteen days before the accounting made the stall visible). Net simulated economics: modestly negative on fills, pending reward credits that the simulation can't fully observe.
Conclusion
Open, and the entry documents a category more than a verdict: subsidized market-making is a real business whose profitability is decided by microstructure discipline, not by the subsidy's headline size. Every rule above was invisible in the strategy's description and decisive in its execution — the recurring shape of market-making edges. Real capital waits until the simulated ledger, rewards included, clears zero convincingly.