MMP

mmp Channel

Monitor Market Maker Protection (MMP) triggered events. MMP temporarily freezes an account's trading when risk thresholds are exceeded.

Subscribe

Parameter	Required	Description
`smart_account_address`	No	Smart account address (42 characters with `0x` prefix)
`pair`	No	Trading pair: `"BTC_USDC"`, `"ETH_USDC"`, or `"ARB_USDC"`

Specific account:

{
  "channel": "mmp",
  "query": {
    "smart_account_address": "0x1234567890abcdef1234567890abcdef12345678"
  }
}

Specific trading pair:

{
  "channel": "mmp",
  "query": {
    "pair": "ETH_USDC"
  }
}

All MMP events:

{
  "channel": "mmp",
  "query": {}
}

Event: mmp_triggered

{
  "kind": "event",
  "type": "mmp_triggered",
  "timestamp_ms": 1677721600000,
  "data": {
    "smart_account_address": "0xabCDEF1234567890ABcDEF1234567890aBCDeF12",
    "pair_symbol": "ETH_USDC",
    "frozen_until": 1677721660000,
    "frozen_duration_seconds": 60
  },
  "subscription": {
    "channel": "mmp",
    "query": {
      "smart_account_address": "0xabCDEF1234567890ABcDEF1234567890aBCDeF12"
    }
  }
}

Field	Type	Description
`smart_account_address`	string	Address of the smart account that triggered MMP
`pair_symbol`	string	Trading pair where MMP was triggered
`frozen_until`	number	(optional) Unix timestamp in ms when the freeze expires
`frozen_duration_seconds`	number	(optional) Duration of the freeze in seconds

During the freeze period, the account cannot place new orders. This protects market makers from excessive exposure during volatile market conditions.

Updated about 15 hours ago