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Overview

The Listings section describes the policies and requirements for running spot markets safely on Morpheum. It covers when and how to deploy a pure Central Limit Order Book (CLOB) engine, what liquidity and volume thresholds to meet, and how many market makers are required.

What you’ll find here

  • Safety thresholds & policy — Volume and commitment requirements for CLOB spot markets, plus the reference table of minimums per trading pair.
  • Market maker requirements — The minimum number of market makers (Min # MMs) and the mathematical model used to derive those numbers.

Safety thresholds (CLOB spot)

Volume, commitments, and minimum requirements for pure CLOB in spot markets.

Spot market volume

Reference table: min daily volume, MM depth, spread, and deviation guard per pair.

Minimum market makers

Why Min # MMs matters and how it is enforced.

Mathematical model (min MMs)

Rigorous model for the minimum number of market makers.

Hyper-CLAMM listing

Concepts and flow for creating a new spot pair via the UI (proposal → governance → pool → liquidity).

Hyper-CLAMM use cases

Best use cases by volume and market cap: spot markets, cross-chain synthetics, and capital efficiency.

Hyper-CLAMM volume

Realistic trading volume: sustainable 515B/day,peak5–15B/day, peak 20–50B+, and limiting factors.

Who this is for

  • Operators configuring or listing new spot markets.
  • Market makers understanding commitment and depth requirements.
  • Developers integrating with keeper checks and governance parameters.