Desks · market making for everyone

Your own desk, at HyperCore's price.

A desk is a pool you run. It quotes the same signed HyperCore price as the house pool with your spread, inside the protocol's bounds, and the router sends it flow whenever it quotes better. Run it yourself, hand it to an agent, or open it to backers.

Many kingfishers on one reed, one diving

Choose a temperament

Desk name

Open to backers. Others may deposit; you keep 10% of their spread and must hold at least 5% of the desk. Spreads on backed desks start at 1.5 bps and your changes wait six hours, so backers always see them coming.

Your desk, priced against HyperCore right now ($1,000)

House pool…

Your desk…

The router splits every trade between the house pool and the desks, step by step, to whoever pays most. A tighter desk wins more flow and carries more risk: in PERCH nothing is hedged, so your desk holds the HYPE it buys.

Protocol share of your spread: 20%, to the house
Licence: free until $HALCY trades, then a burn
Who can withdraw: only you
Run by an agent: yes: give it the desk key, never your main wallet

Opening calls PoolFactory.openDesk with these parameters; the SpreadModel refuses anything outside the protocol's bounds.