Market Making Overview - Rubicon (Gladius - v4)

Opportunities

• 24/7 Open-Source Trading: Rubicon is an open-source and non-custodial trading protocol built on Ethereum Layer 2 (L2) networks. Integrate today to begin market making by using our API.

• Atomic Network Integrations: Running a high-frequency, gasless market-making bot on Rubicon allows a user to trade against the entire network (AMMs and other venues) and aggregators integrated with Rubicon automatically for increased fill rates.

• Earn Rebates: If a market maker performs sufficient volume in a monthly period, they will earn rebates according to the Rubicon Liquidity Program.

• Competitive Edge: Active market makers can outperform passive AMM liquidity providers by adjusting offers in real-time with no gas cost. On Rubicon, makers can profitably provide the Network Best Bid Offer (NBBO) for any asset at any time.

• Maker Rewards: In 2024, OP will be granted to market makers that provide liquidity on Optimism at a rate of 2000 per month according to the DyDx rewards formula (opens in a new tab).

• Governance: Play an active role in shaping Rubicon market structure and foster progressive decentralization of the protocol. Join the discussion in the Forum (opens in a new tab).

Resources

Open-Source Bots

Rubicon maintains a repository of open-source bots in Typescript that allow for easy integration with the protocol and afford trading opportunities to users. This repo also provides quick start instructions and examples on how to cloud configure a bot - for those looking for a simple bot to run to farm rewards or earn from spreads this is a great place to start!

• Source Code - Rubi-Bots-TS (opens in a new tab)

Hummingbot Integration

Rubicon also maintains and is developing our integration with Hummingbot (opens in a new tab) which provides a host of bot strategies and resources for developers. We currently have a working version that is described here but it is not yet integrated with the main Hummingbot production build or repository - that remains a work in progress.

Please see as follows for a guide to quickstart a Hummingbot instance on Rubicon in its current configuration. Note, some technical competency is assumed here and it will become much easier to use once we are integrated into Hummingbot's production build.

Quickstart Guide for Rubicon on Hummingbot (Pre-Merge)

To run Hummingbot with Rubicon before the integration is merged into the main Hummingbot repository, follow the steps below:

1. Clone Repositories

   First, clone the necessary repositories:

   git clone https://github.com/rubicondefi/gateway.git

2. Build the Docker Image

   In the rubicondefi/gateway directory, run the following command to build the Docker image:

   TAG=rubicon make docker

3. Clone Hummingbot Repository

   In a different directory, clone the Hummingbot repository:

   git clone https://github.com/rubicondefi/hummingbot.git

4. Build the Hummingbot Docker Image

   In the rubicondefi/hummingbot directory, run the following command to build the Docker image:

   TAG=rubicon make docker

5. Modify docker-compose.yml

   Open the docker-compose.yml file and make the following changes:

   • Replace hummingbot/hummingbot:latest with hummingbot/hummingbot:rubicon
   • Replace hummingbot/gateway:latest with hummingbot/gateway:rubicon

6. Follow Gateway Setup Instructions

   After making these changes, follow the standard Hummingbot gateway setup instructions for Docker here (opens in a new tab). Additionally, to configure the wallet and private key for trading it is necessary to follow the Gateway setup instructions here (opens in a new tab). Note that instead of instead of e.g. gateway connect uniswap use gateway connect rubicon.

Once integrated with Rubicon, you will be able to use Hummingbot's features with the Rubicon protocol to begin trading.

Gladius SDK

The Gladius SDK in Typescript provides a host of tools that aid development on top of Rubicon. Please see here for more information (opens in a new tab).

Questions and Support

Ask onboarding questions in the Rubicon Discord server (opens in a new tab) or send a note to contact@rubicon.finance.