Butler — Market Making Desktop Application

The easiest way to become a liquidity provider with high profit

Jelly
Jelly-market
3 min readJun 1, 2020

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Our automated market making desktop application is here!

And it is as simple as any other application you’ve run on your computer. Just download, install, set the parameters and run. Your reward — 12,6% annual interest + spread profits. It is a matter of a few clicks. Let’s do it!

Download the app

Download the latest version of the app here: https://github.com/jelly-swap/butler-electron/releases

Install the app

Follow the usual steps for installation:

Install Butler

Configure the app

Once installed, the app will start automatically. As you can see the application is pretty simple and straightforward. You have to fill in several fields.

First, name your agent. Then choose the trading pairs you want to provide liquidity to, and set up the fee you want to receive as a market maker.

Butler is the first market making software that allows providers to set up their own spreads.

name and choose trading pair

Second, fill in the respective addresses where you hold the coins.

Then you are required to generate an API key from Infura.

The Infura API Key is used to communicate with the Ethereum blockchain. This is the API Key that is required for running Butler. It’s a simple process — follow these steps if you need help.

address & API key

Third, choose the price provider. In other words — the source you want to take the updated price from.

Then choose the interval you want the price to be updated.

The rebalance option gives you the chance to connect to Binance in order to rebalance your portfolio and take care of any impermanent losses. Read more here.

price provider & rebalance

Lastly, turn on your email or Slack notifications and click START

turn on notifications

In the advanced options, you are able to change the database layer used by Butler and the port on which Butler will start operating. We recommend you to stick with the default options.

advanced options

If the setup is done properly, you will see a screen similar to this one:

Butler in action

Under the tab Wallets, you will be able to monitor your balance and profit.

You are able to stop the Butler at any time. But don’t forget — if you are about to participate in our incentive program, your application should be up and running during the required period.

For specific questions and help with the setup — https://t.me/jelly_swap & https://discord.gg/3fCbp9U

⚠️ Important ⚠️

  • The software allows EVERYONE to provide liquidity
  • The liquidity provider determines and offers his/her own price
  • Butler supports automatic order matching, withdraws, refunds, portfolio rebalancing, email, and Slack notifications.
  • Butler eliminates the need to lock your funds. Instead, the funds are used directly from your wallet only on demand.
  • The one thing you need to do is to set up your liquidity provider node (we will offer you help if needed)

Read more about Butler here.
Discover more about our incentive program here.
Find the documentation here & here.

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Jelly
Jelly-market

Peer-to-Peer trades across different blockchains