> ## Documentation Index
> Fetch the complete documentation index at: https://docs.morpheum.org/llms.txt
> Use this file to discover all available pages before exploring further.

# Listings Introduction

> Overview of listing policies, safety thresholds, and market maker requirements for spot markets on Morpheum

## 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.

## Quick links

<Columns cols={2}>
  <Card title="Safety thresholds (CLOB spot)" icon="shield-check" href="safety-thresholds-clob-spot-markets">
    Volume, commitments, and minimum requirements for pure CLOB in spot markets.
  </Card>

  <Card title="Spot market volume" icon="chart-line" href="safety-requirement-spot-market-volume">
    Reference table: min daily volume, MM depth, spread, and deviation guard per pair.
  </Card>

  <Card title="Minimum market makers" icon="users" href="minimum-market-makers-requirement">
    Why Min # MMs matters and how it is enforced.
  </Card>

  <Card title="Mathematical model (min MMs)" icon="calculator" href="mathematical-model-minimum-market-makers">
    Rigorous model for the minimum number of market makers.
  </Card>

  <Card title="Hyper-CLAMM listing" icon="layers" href="hyperclamm-listing">
    Concepts and flow for creating a new spot pair via the UI (proposal → governance → pool → liquidity).
  </Card>

  <Card title="Hyper-CLAMM use cases" icon="lightbulb" href="hyperclamm-use-cases">
    Best use cases by volume and market cap: spot markets, cross-chain synthetics, and capital efficiency.
  </Card>

  <Card title="Hyper-CLAMM volume" icon="chart-mixed" href="hyperclamm-volume">
    Realistic trading volume: sustainable $5–15B/day, peak $20–50B+, and limiting factors.
  </Card>
</Columns>

## 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.