Bid Liquidity
Park ETH. Build bid ladders. Make the floor executable.
Litany treats bid liquidity as a first-class marketplace product. A bidder can allocate ETH across one or more collections, choose a strategy, and post a managed ladder of bids near the floor.
Why Ladders
A single bid is brittle. It can be too shallow, too far from the market, or gone after one fill. A ladder spreads intent across multiple prices so the market gets depth instead of a single headline number.
| Strategy | Shape | Use case |
|---|---|---|
| Aggressive | Small spacing, close to floor | Compete for fills and points near the top of book. |
| Balanced | Moderate spacing | Keep useful demand live without hugging every floor tick. |
| Patient | More rungs, deeper offsets | Let volatility come to you while still showing demand. |
| Advanced | Custom rungs and spacing | Manual control for sophisticated liquidity operators. |
How It Works
- Pick one or more collections.
- Set a total ETH budget.
- Choose a ladder strategy and collection weights.
- Litany derives rungs from floor price, budget, spacing, and count.
- Sign the resulting orders and manage them as one position.
Basket Allocation
Multi-collection positions split one ETH budget across selected collections by weight. Each slice gets its own ladder, but the user manages the result as a single liquidity position.
1 ETH budget
├── Collection A / 50%
│ └── 0.50 ETH bid ladder
├── Collection B / 30%
│ └── 0.30 ETH bid ladder
└── Collection C / 20%
└── 0.20 ETH bid ladderWhat Makes a Bid Useful
The protocol rewards liquidity that is executable and relevant. In practice that means bids close enough to floor, with enough depth to matter, that remain open long enough to be real.
| Dimension | What it rewards |
|---|---|
| Proximity | Bids closer to floor earn more than bids far below market. |
| Depth | Larger executable demand earns more than dust liquidity. |
| Duration | New positions mature after a short delay; longer-lived bids are stronger signals. |
| Top book | Competitive bids near or above existing top bid get a multiplier. |
Manage Positions
Liquidity positions are visible in the marketplace UI. Operators can inspect rungs, cancel positions, and track points and rewards from the marketplace pages.
Start in Liquidity, then read Fees & Rewards for how points and fee incentives connect to the bid system.