For Projects

Marina coordinates market makers and empowers your community to support liquidity within your markets.

What's wrong?

You've launched a spot market on Hyperliquid. Your institutional DMMs are live and providing depth - but their spreads are wide.

Volume is low because the market isn't conducive to trading. You're paying for liquidity that isn't translating into activity.

What Marina does

Marina distributes incentives to a broader set of market makers - community participants who provide their own capital and are rewarded for quoting tighter, deeper, and more continuously.

These community MMs complement your institutional DMMs. The result is a market that's genuinely tradeable - tighter spreads attract more taker flow, which benefits all participants.

What you get

• Tighter spreads - Marina MMs are incentivised to quote tighter than the prevailing market
• More depth - more participants means more capital on both sides of the book
• Real volume - a tradeable market attracts real traders
• Fee revenue - more volume means more trading fees flowing back to your protocol
• Community engagement - your token holders earn yield by making your market efficient

How a campaign works

1. Define parameters - budget (USDC or token), duration (ie. 3 months), market (ie. HYPE/USDC)
2. Monarch deploys - campaign goes live on app.monarch.fast/marina
3. MMs participate - anyone can provide liquidity and earn rewards
4. Rewards distribute on-chain - based on uptime, spread quality, and volume per epoch
5. Monitor results - Monarch track spreads, depth, volume, and maker activity in real time

Campaign economics

Projects fund campaigns in USDC or tokens. The cost is far lower than traditional CEX marketing fees or market maker retainers - and unlike those, the spend directly improves your on-chain market quality with measurable results.

Case study

Our first Marina campaign delivered +1,322% volume, -47% spreads, and 75% of all fills going through Marina MMs in just one week.

Read the full case study →

Get started

DM @TTx0x on TG to launch a campaign for your market.