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feat(mm): quote 8 rungs a side so the funding is actually deployed #67

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Merged
robertleifke merged 1 commit into from
Sep 17, 2026
Merged

feat(mm): quote 8 rungs a side so the funding is actually deployed #67

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7 changes: 6 additions & 1 deletion infra/aws/ecs.tf
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Original file line number Diff line number Diff line change
Expand Up @@ -399,7 +399,12 @@ resource "aws_ecs_task_definition" "market_maker" {
{ name = "MM_SUBACCOUNT_ID", value = "15" },
{ name = "MM_RECIPIENT_ID", value = "15" },

{ name = "MM_QUOTE_LEVELS", value = "5" },
# Rungs per side. The binding constraint is inventory, not this: buildLevels walks outward
# placing ORDER_SIZE * LEVEL_SIZE_MULT^k until the side's budget is spent. At 5 the ladder
# ran out of levels before it ran out of money -- 148.83 USDC quoted per side against 310
# USDC and 448k cNGN held, leaving ~340 USDC of the funding idle. 8 deploys all of it
# (310 ask / 327.7 bid); 9+ changes nothing because the budget binds first.
{ name = "MM_QUOTE_LEVELS", value = "8" },
# Ladder geometry: QUOTE_LEVELS=5 with LEVEL_SIZE_MULT=1.2 places
# 1 + 1.2 + 1.44 + 1.728 + 2.0736 = 7.4416 x this per side, so 40 is ~298 USDC of depth
# each way. One value governs both sides; the ask side is bounded by USDC held and the bid
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