Configure or update Market Maker Protection (MMP) settings for a smart account and trading pair.

How MMP Works

MMP is a per-order opt-in risk management feature. When placing limit orders, each order includes a required mmp boolean field. Setting mmp: true on an order opts it into MMP protection for that specific order. Orders with mmp: false are completely unaffected by MMP at all times.

Lifecycle:

1. Configure MMP with risk limits via this endpoint (per trading pair)
2. Place orders with mmp: true to opt them into MMP protection
3. Only trades from mmp: true orders count toward MMP threshold calculations
4. When a threshold is breached, only open orders with mmp: true are automatically cancelled
5. Account is frozen for frozen_time seconds — during which new orders with mmp: true are rejected (orders with mmp: false can still be placed)
6. After freeze expires, MMP counters reset and normal trading resumes
7. If frozen_time is 0, the freeze is indefinite — reset by re-submitting the MMP config with status "active" (this resets counters and clears the freeze)

Order Editing: Orders with mmp: true can be edited normally while MMP is active and not frozen. If MMP is frozen, edits to mmp: true orders are rejected — the order retains its mmp: true status and would be rejected at the sequencer regardless. Orders with mmp: false can always be edited.

Deactivation: When MMP is deactivated (status set to inactive), all open orders with mmp: true for the specified pair are automatically cancelled. The response includes the list of cancelled order IDs. This cancellation is best-effort — if it fails, the config is still deactivated but orders may remain open.

Risk Limits

• Quantity Limit: Total option contracts traded within the interval — cumulative absolute value, not net (Options only)
• Delta Limit: Maximum absolute net delta exposure (Perpetuals and Options)
• Vega Limit: Maximum absolute net vega exposure (Options only)

Important Notes

• At least one limit must be set when status is "active"
• Setting status to "inactive" will delete the MMP configuration and cancel all open mmp: true orders for that pair
• When MMP is triggered, only open orders with mmp: true are automatically cancelled — orders with mmp: false are not affected
• Trading for mmp: true orders is frozen for the specified frozen_time duration

EIP-712 Signature

The request requires an EIP-712 signature with the following structure:

const MMPConfigType = [
  { name: 'smartAccountAddress', type: 'address' },
  { name: 'pairSymbol', type: 'string' },
  { name: 'status', type: 'string' },
  { name: 'interval', type: 'uint256' },
  { name: 'frozenTime', type: 'uint256' },
  { name: 'deadline', type: 'uint256' }
];

Note: The risk limit fields (quantity_limit, delta_limit, vega_limit) are included in the
request body but are not part of the signed EIP-712 message. Only the 6 fields above are signed.