For Builders: What You Need Before Listing
Permissionless Listing is for Builders who want to offer additional perpetual markets to their users. If you list a market this way, you take responsibility for how that market is supported, presented, and risk-managed in your Builder experience. Before you can take a market live through Permissionless Listing, you should be in the same ready-to-launch state expected of any Builder on Orderly:- Complete the standard Builder onboarding flow so your Builder profile, admin account, and operating setup are in place.
- Make sure you understand the Builder economics and operational responsibilities described in Builders and the Builder Staking Program.
- Be ready to support the market you list with dedicated risk controls and liquidity.
Listing Requirements and Responsibilities
Before listing a market, Builders must understand the following conditions:- Builder readiness: Permissionless Listing is for Builders that are already set up to operate on Orderly.
- Liquidity management: Builders are responsible for supporting the markets they list with sufficient liquidity and a stable market-making setup.
- Risk ownership: A listed market requires the Builder to be ready for market-specific risk handling and user communication.
- Stricter risk model: Permissionless Listing markets are isolated-margin perpetual futures and should be treated with tighter market-specific controls than the standard market set.
Frontend Display and User Communication
When a Builder lists a market permissionlessly, the frontend should make it clear that the market is not part of the standard default market set.- Frontend-specific visibility: Availability can vary by frontend, because frontends can choose which supported markets to surface.
- Distinct presentation: Trading surfaces should distinguish these markets from the standard market set in a way that is clear to users.
- Builder context: Traders should be able to tell that the market is being surfaced through a specific Builder experience rather than as part of the default market list.
Trading and Risk Considerations
After a permissionlessly listed market goes live, Builders should make the market’s handling clear to users:| Feature | Restriction |
|---|---|
| Margin mode | Permissionlessly listed markets are Isolated Margin only perpetual futures. Standard Orderly markets can generally support both Cross Margin and Isolated Margin. |
| Market handling | Builders should expect tighter market-specific controls than on the standard market set. |
| Liquidity support | Market quality depends on the Builder’s liquidity and market-making support. |
| User communication | Any market-specific trading constraints, warnings, or display differences should be made clear on the frontend before users trade. |