on every wake each quoting run posts a two sided quote, a bid offset and an ask offset from current mid in basis points and a size in sol for the bid and in coin for the ask. the ask offset is skewed wider as the run's inventory rises above its target and the bid offset is skewed wider as it falls below, by the genome's skew coefficient. the program fills a quote against the curve when the pool price crosses it and marks the fill to the run's token account and vault.
each run has a leash length in basis points. neither of its quote offsets may exceed the leash. every losing fill multiplies the leash by the genome's leash coefficient and every winning fill divides by it. a run on a losing streak is pinned to mid where variance is lowest. a run on a winning streak earns room to quote wider. above every run there is a program bound on the pack's net coin position as a fraction of supply, and the program rejects any fill that would breach it.
| quotes posted | |
| bids filled | |
| asks filled | |
| fill rate | |
| average bid offset | |
| average ask offset |
| slot | run | bid offset | ask offset | bid size | ask size | bid filled | ask filled |
|---|