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6 changes: 6 additions & 0 deletions docs.json
Original file line number Diff line number Diff line change
Expand Up @@ -102,6 +102,12 @@
"integration/market-makers/message-bus/usage-examples"
]
},
{
"group": "Getting started",
"pages": [
"integration/market-makers/become-market-maker-guide"
]
},
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⚠️ Potential issue | 🟡 Minor

Add a Font Awesome icon to the new “Getting started” group.

Nested groups should include an icon.

🧭 Suggested update
-          {
-            "group": "Getting started",
-            "pages": [
-              "integration/market-makers/become-market-maker-guide"
-            ]
-          },
+          {
+            "group": "Getting started",
+            "icon": "rocket",
+            "pages": [
+              "integration/market-makers/become-market-maker-guide"
+            ]
+          },

As per coding guidelines, Use nested groups with Font Awesome icons for navigation in docs.json.

📝 Committable suggestion

‼️ IMPORTANT
Carefully review the code before committing. Ensure that it accurately replaces the highlighted code, contains no missing lines, and has no issues with indentation. Thoroughly test & benchmark the code to ensure it meets the requirements.

Suggested change
{
"group": "Getting started",
"pages": [
"integration/market-makers/become-market-maker-guide"
]
},
{
"group": "Getting started",
"icon": "rocket",
"pages": [
"integration/market-makers/become-market-maker-guide"
]
},
🤖 Prompt for AI Agents
Verify each finding against the current code and only fix it if needed.

In `@docs.json` around lines 105 - 110, The "Getting started" nested group object
in docs.json (the object with "group": "Getting started" and its "pages" array)
is missing a Font Awesome icon; update that JSON object to add an "icon"
property (e.g., "icon": "fa-compass" or another appropriate fa- name) so the
nested group includes a Font Awesome icon as required by the navigation
guidelines.

{
"group": "Services",
"pages": [
Expand Down
236 changes: 236 additions & 0 deletions integration/market-makers/become-market-maker-guide.mdx
Original file line number Diff line number Diff line change
@@ -0,0 +1,236 @@
---
title: "Become a Market Maker"
description: "Step-by-step guide to running a market maker solver on NEAR Intents"
icon: "rocket"
---

Market makers on NEAR Intents are solvers -- programs that listen for swap requests, decide whether to fill them, and respond with signed quotes. In this guide, you'll set up and run an example solver that connects to the [Message Bus](/integration/market-makers/message-bus/introduction), receives live quote requests, and automatically responds to the ones it can fill.

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⚠️ Potential issue | 🟡 Minor

Switch internal links to relative paths.

Internal links currently use absolute paths (e.g., /integration/...). Please convert all internal links on this page to relative paths.

🔧 Example adjustments
-...connects to the [Message Bus](/integration/market-makers/message-bus/introduction)...
+...connects to the [Message Bus](./message-bus/introduction)...

-...transmitted to the [Verifier contract](/integration/verifier-contract/introduction)...
+...transmitted to the [Verifier contract](../verifier-contract/introduction)...

As per coding guidelines, Use relative paths for all internal links in MDX documentation files.

Also applies to: 26-28

🤖 Prompt for AI Agents
Verify each finding against the current code and only fix it if needed.

In `@integration/market-makers/become-market-maker-guide.mdx` around lines 7 - 8,
The page uses absolute internal links (e.g.,
"/integration/market-makers/message-bus/introduction"); update all internal MDX
links in become-market-maker-guide.mdx (also lines ~26-28) to use relative paths
instead (for example "./message-bus/introduction" or
"../message-bus/introduction" as appropriate), ensuring every internal href that
starts with "/integration/..." is converted to the correct relative path and
that link targets remain valid.

By the end, you'll have a working solver running locally and a clear understanding of how to customize it.
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⚠️ Potential issue | 🟡 Minor

Rewrite the opening definition in second-person voice.

The intro is written in third-person; please address the reader directly.

✏️ Suggested rewrite
-Market makers on NEAR Intents are solvers -- programs that listen for swap requests, decide whether to fill them, and respond with signed quotes. In this guide, you'll set up and run an example solver that connects to the [Message Bus](/integration/market-makers/message-bus/introduction), receives live quote requests, and automatically responds to the ones it can fill.
+As a market maker on NEAR Intents, you run a solver — a program that listens for swap requests, decides whether to fill them, and responds with signed quotes. In this guide, you'll set up and run an example solver that connects to the [Message Bus](/integration/market-makers/message-bus/introduction), receives live quote requests, and automatically responds to the ones you can fill.

As per coding guidelines, Write in second-person voice ('you') in all documentation content.

🤖 Prompt for AI Agents
Verify each finding against the current code and only fix it if needed.

In `@integration/market-makers/become-market-maker-guide.mdx` around lines 7 - 9,
Rewrite the two opening sentences (the paragraph starting "Market makers on NEAR
Intents are solvers -- programs that listen for swap requests...") into
second-person voice so the reader is addressed directly (use "you" and "your"),
e.g., explain that you will set up and run an example solver that connects to
the Message Bus, receives live quote requests, and automatically responds to
ones you can fill, and end with a line telling the reader what they will have by
the end; keep the content and meaning the same but change phrasing to
second-person throughout.


<Info>
**Prerequisites**

- Node.js v20.18+ with npm
- A NEAR mainnet account with a key pair (account ID + private key)
- Tokens deposited into the Verifier contract (`intents.near`) for the pair you want to market-make
- Basic familiarity with WebSockets and the [NEAR account model](https://docs.near.org/concepts/protocol/account-model)
</Info>

## How it works

When a user wants to swap tokens, their app sends a quote request to the Message Bus -- a WebSocket-based relay that broadcasts the request to all connected solvers, including yours.

Your solver sees the request and asks itself two questions: *do I support this token pair?* and *do I have enough liquidity to fill it?* If both answers are yes, it calculates a price, signs an intent with the proposed amounts, and sends a quote response back to the Message Bus.

Multiple solvers compete for the same request by offering their best price. The Message Bus collects the responses and returns the top quotes to the user's app. If your quote is the most optimal for the user, it gets transmitted to the [Verifier contract](/integration/verifier-contract/introduction) where the swap settles on-chain -- tokens move atomically between the user's account and yours.

For a deeper look at this architecture, see the [Market Makers introduction](/integration/market-makers/introduction) and the [Message Bus overview](/integration/market-makers/message-bus/introduction).

Let's see this in action.

## Run the example solver

The [AMM Solver example](https://github.com/defuse-protocol/near-intents-amm-solver) is a Node.js application that implements everything described above. It uses a simple constant-product AMM formula to price quotes -- the same model used by Uniswap-style DEXs.

<Steps>
<Step title="Clone the repository">

```bash
git clone https://github.com/defuse-protocol/near-intents-amm-solver.git
cd near-intents-amm-solver
npm install
```

</Step>

<Step title="Configure your environment">

Create your environment file from the provided example:

```bash
cp env/.env.example env/.env.local
```

Open `env/.env.local` and fill in these values:

```bash
# Your NEAR account credentials
NEAR_ACCOUNT_ID=your-solver.near
NEAR_PRIVATE_KEY=ed25519:your_private_key_here

# The token pair you want to market-make
AMM_TOKEN1_ID=usdt.tether-token.near
AMM_TOKEN2_ID=wrap.near

# Network and mode
NEAR_NETWORK_ID=mainnet
TEE_ENABLED=false

# Fee margin as a percentage (0.3 = 0.3%)
MARGIN_PERCENT=0.3
```

The `MARGIN_PERCENT` controls your spread -- the difference between what you receive and what you give. A higher value means more profit per trade but fewer quotes accepted.

Other settings like `RELAY_WS_URL` and `INTENTS_CONTRACT` have sensible defaults and don't need changing for most setups.

**Get a Message Bus API key:**

The default Message Bus WebSocket endpoint (`wss://solver-relay-v2.chaindefuser.com/ws`) requires an API key. To get one:

1. Sign up at [partners.near-intents.org](https://partners.near-intents.org)
2. Request an API key through the partner portal

Once issued, open `src/services/websocket-connection.service.ts` and add your API key as a Bearer token in the WebSocket connection headers at line 35:

```typescript
headers: {
Authorization: `Bearer ${YOUR_API_KEY}`,
}
```

<Warning>
Never commit your private key or API key to version control. The `.env.local` file is already in `.gitignore`, but double-check before pushing any changes.
</Warning>

</Step>

<Step title="Deposit liquidity">

Your solver can only fill swaps if it has token balances inside the Verifier contract (`intents.near`). You need to do two things: register your solver's public key on the contract, and deposit tokens.

**Register your public key:**

```bash
npx near-cli-rs contract call-function as-transaction intents.near add_public_key \
json-args '{"public_key":"ed25519:YOUR_PUBLIC_KEY"}' \
prepaid-gas '100.0 Tgas' attached-deposit '1 yoctoNEAR' \
sign-as SOLVER_ACCOUNT_ID network-config mainnet sign-with-keychain send
```

Replace `YOUR_PUBLIC_KEY` with the public key that corresponds to the private key in your `.env.local` file, and `SOLVER_ACCOUNT_ID` with your actual NEAR account ID.

**Deposit tokens** using one of these methods:

- The [Passive Deposit/Withdrawal Service](/integration/market-makers/deposit-withdrawal-service) -- deposit from any supported chain via API
- [near-intents.org](https://near-intents.org/) -- a web interface for swapping and depositing tokens

Your solver needs balances for both tokens in the configured pair. For example, if you're market-making USDT/wNEAR, you need both `usdt.tether-token.near` and `wrap.near` deposited into the contract.

</Step>

<Step title="Start the solver">

Since the environment file is named `.env.local`, set `NODE_ENV=local` so the app picks it up:

```bash
NODE_ENV=local npm start
```

On startup, the solver connects to the Message Bus WebSocket, subscribes to quote events, and begins polling the Verifier contract for your current token balances every 15 seconds. You should see log output confirming the connection and your initial reserves.

</Step>

<Step title="Verify it's working">

Check the health endpoint to confirm the solver is running:

```bash
curl http://localhost:3000
```

```json
{"ready": true}
```
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⚠️ Potential issue | 🟡 Minor

Wrap the health-check example in a CodeGroup with curl/TypeScript/Python variants.

The curl-only example should be presented as a multi-language CodeGroup.

🧩 Suggested structure
-```bash
-curl http://localhost:3000
-```
+<CodeGroup>
+```bash title="curl"
+curl http://localhost:3000
+```
+```ts title="TypeScript"
+const res = await fetch("http://localhost:3000");
+console.log(await res.json());
+```
+```py title="Python"
+import requests
+print(requests.get("http://localhost:3000").json())
+```
+</CodeGroup>

As per coding guidelines, Use component with curl, TypeScript, and Python code variants for code examples.

📝 Committable suggestion

‼️ IMPORTANT
Carefully review the code before committing. Ensure that it accurately replaces the highlighted code, contains no missing lines, and has no issues with indentation. Thoroughly test & benchmark the code to ensure it meets the requirements.

Suggested change
Check the health endpoint to confirm the solver is running:
```bash
curl http://localhost:3000
```
```json
{"ready": true}
```
Check the health endpoint to confirm the solver is running:
<CodeGroup>
🤖 Prompt for AI Agents
Verify each finding against the current code and only fix it if needed.

In `@integration/market-makers/become-market-maker-guide.mdx` around lines 137 -
145, Replace the standalone curl health-check example with a CodeGroup
containing three language variants: a bash variant titled "curl" that shows
`curl http://localhost:3000`, a TypeScript variant (title "TypeScript") that
uses fetch to GET the same URL and logs the JSON, and a Python variant (title
"Python") that uses requests.get(...).json() and prints the result; locate the
existing curl snippet in integration/market-makers/become-market-maker-guide.mdx
and wrap/replace it with the <CodeGroup> component containing the three code
blocks.


In the logs, look for:

- Connection confirmed -- successful WebSocket connection to the Message Bus
- Quote requests -- incoming swap requests being evaluated
- Quote responses -- signed quotes being sent back for pairs your solver supports

Your solver will only respond to requests for the token pair you configured. If a request comes in for a different pair, or if your reserves are too low to fill it, the solver silently skips it.

<Tip>
If you're not seeing any quote requests, that's normal during low-activity periods. The solver will respond as soon as a matching request arrives.
</Tip>

</Step>
</Steps>

## Understanding the code

Now that your solver is running, let's look at what's happening under the hood. The project is organized into focused services, each handling one part of the workflow.

### Connecting to the Message Bus

The WebSocket connection service (`src/services/websocket-connection.service.ts`) manages the link to the Message Bus. On connect, it subscribes to two event types:

```typescript
// Subscribe to incoming quote requests
this.subscribe(RelayEventKind.QUOTE);

// Subscribe to settlement notifications
this.subscribe(RelayEventKind.QUOTE_STATUS);
```

When a quote event arrives, the service checks whether the requested token pair matches your configuration. If it does, it passes the request to the quoter service for evaluation.

### Evaluating and responding to quotes

The quoter service (`src/services/quoter.service.ts`) is where the core decision-making happens. For each incoming request, it:

1. Validates the deadline -- rejects requests with unreasonable timeframes
2. Checks reserves -- looks up your current balances for both tokens
3. Calculates the price -- uses a constant-product AMM formula with your configured margin
4. Signs the response -- creates a `token_diff` intent and signs it with your NEAR key

The AMM formula follows the classic `x * y = k` model:

```typescript
// Calculate how many tokens the user receives for their input
getAmountOut(amountIn, reserveIn, reserveOut, marginBips) {
const amountInWithFee = amountIn * (10000 - marginBips);
return (amountInWithFee * reserveOut) / (reserveIn * 10000 + amountInWithFee);
}
```

If the calculated output exceeds your available reserves, the solver skips the request -- it won't quote what it can't fill.

### Keeping state fresh

The solver doesn't just check reserves once. A cron service (`src/services/cron.service.ts`) refreshes your token balances from the Verifier contract every 15 seconds. This ensures that after a successful trade, your solver immediately knows its updated position and adjusts future quotes accordingly.

## Making it your own

The example uses a constant-product AMM formula, but you can plug in any pricing logic. The quoter service is the place to start -- replace the `getAmountOut` and `getAmountIn` functions with your own strategy, whether that's pulling prices from external APIs, using order books, or applying custom spread models.

A few other things you might want to customize:

- Support more token pairs -- add additional token IDs in the configuration
- Add position limits -- cap how much of a token your solver is willing to commit
- Implement risk controls -- set minimum trade sizes, maximum exposure, or rate limits

<Tip>
The `src/configs/` directory is a good starting point for customization. Each config file maps to a specific concern -- tokens, margins, WebSocket URLs, and more.
</Tip>

For production deployments, consider running your solver in TEE (Trusted Execution Environment) mode, which provides additional security guarantees. See the [repository README](https://github.com/defuse-protocol/near-intents-amm-solver) for TEE setup instructions.

## Next steps

<CardGroup cols={2}>
<Card title="Message Bus API" icon="code" href="/integration/market-makers/message-bus/api">
Full reference for all WebSocket and JSON-RPC methods
</Card>
<Card title="Usage Examples" icon="book-open" href="/integration/market-makers/message-bus/usage-examples">
TypeScript patterns for signing intents and responding to quotes
</Card>
<Card title="Deposit & Withdrawal" icon="arrow-right-arrow-left" href="/integration/market-makers/deposit-withdrawal-service">
Move liquidity in and out of the Verifier contract via API
</Card>
<Card title="Example Repository" icon="github" href="https://github.com/defuse-protocol/near-intents-amm-solver">
Browse the full source code and contribute
</Card>
</CardGroup>