Adaptive market making,
built for Lighter.
XYZD quotes Lighter's executable book, adapts to volatility and inventory, and protects every session against stale feeds and adverse selection.
Adaptive fair value
Blends midpoint and size-weighted microprice, then expands around volatility and toxicity.
Inventory defense
Skews price and size gradually, with reducing-side-only behavior at the hard limit.
Retail-aware pacing
Uses WebSockets and quote hysteresis while reserving Standard-account capacity for emergency cancellation.
Robinhood-first connect
Robinhood Wallet, MetaMask, Rabby, and WalletConnect QR/deep-link authentication.