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Bayse rewards users who maintain resting limit orders on CLOB markets. If you keep tight, two-sided quotes near the midpoint, you earn a share of a per-market reward pool paid out at the end of each epoch.

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How it works

  1. Place limit orders on both sides (bid and ask) of a CLOB market.
  2. Keep orders resting — the system samples the orderbook every minute and scores qualifying orders.
  3. Get paid — at the end of each epoch, your share of the reward pool is credited to your wallet.
Markets with active liquidity rewards include a liquidityReward field in their event data: 
{
  "liquidityReward": {
    "configId": "aa9024a6-fca5-4ed8-a5b9-124584d61f04",
    "rewardPool": 100.0,
    "maxSpreadCents": 5,
    "minNotionalOrderSize": 5.0
  }
}
If the field is null or absent, the market has no active reward program. All amounts in liquidityReward (rewardPool, maxSpreadCents, minNotionalOrderSize) are denominated in USD. To convert to another currency, multiply by that currency’s base multiplier. For example, a maxSpreadCents of 5 (i.e., $0.05) becomes ₦5.00 in NGN (0.05 × 100). See Multi-currency support for the full list of multipliers.

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Eligibility

For an order to count toward your score in a given sample:
  • Minimum notional value — remaining shares * price must meet the market’s minNotionalOrderSize.
  • Maximum spread — the order must be within maxSpreadCents cents of the current midpoint (e.g., 5 cents = 0.05).
  • Minimum rest time — the order must have been resting on the book for at least a few seconds (typically 3s). This prevents rapid place-cancel cycling.

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Scoring

Each qualifying order is scored based on how close it is to the midpoint:
  • Tighter orders score higher. An order right at the midpoint gets full weight; an order at the edge of the qualifying spread gets zero.
  • Larger orders score higher. Score is proportional to remaining order size multiplied by the tightness weight.
Your per-sample score is the sum of all your qualifying orders’ scores.

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Two-sided quoting bonus

Users who quote both sides (bid and ask) earn significantly more than single-sided quoters.
  • If you only quote one side, your score is divided by a penalty factor (e.g., 3x).
  • If you quote both sides roughly equally, you earn close to your full score.
  • At extreme prices (below 0.10 or above 0.90), only balanced two-sided quoting is rewarded — single-sided liquidity earns zero.

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Epochs and payouts

Rewards are distributed in epochs — fixed time windows (commonly 24 hours). At the end of each epoch:
  1. Your time-weighted average share is computed from all the samples you participated in.
  2. Your payout is rewardPool * (your average share).
  3. The amount is converted to your trading currency and credited to your wallet.
If you were active for only part of an epoch, your payout scales proportionally. For example, if you maintained a 10% share but were only present for half the sampling periods, you receive approximately 5% of the pool.

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Tracking your rewards

Use the API to monitor your rewards:

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Tips for maximizing rewards

  • Quote both sides. The two-sided bonus is substantial — even small orders on your weaker side improve your score.
  • Stay tight. Orders closer to the midpoint are weighted much more heavily than those near the edge.
  • Stay consistent. Rewards are sampled every minute, so orders that remain on the book accumulate more samples.
  • Size matters. Larger resting orders earn proportionally more, but only if they remain within the qualifying spread.