Don't sellinto the book.Become it.
A large position cannot leave a small pool without paying for the privilege. Manticore places that exit as liquidity instead — laddered above market, harvested through chop, and pulled to spot the moment the regime turns.
Your price or better
Liquidity above market is an ask, not a hit
None required
Single-sided by construction
Earning fees
Volume that crosses your bins pays you
The cost of leaving
Price impact is not a fee you negotiate. In a constant-product pool it is a closed-form function of one number: the size you are selling divided by the depth standing against you.
Drag the size. Everything below is computed from the pool invariant — no assumptions, no fitted curve.
- τ — size / depth
- 0.50
- Slippage
- 33.3%
- Market sell nets
- $1.33M
- Spot after
- −56%
- Ladder fills
- 96%
- Ladder nets
- $2.33M
$85.3K of the position is still unsold and still exposed. A ladder is a price commitment, not a time commitment.
Three ways to be the liquidity instead of the taker.
Knowing when not to be there
The hard part of running liquidity is not placing it. It is deciding, continuously, whether standing in the market is currently a business or a donation. That decision is the product.
Range liquidity is rent collected for taking the other side of flow. In chop the rent is free; in a trend you are the exit. The engine's only real job is telling those apart before the chart does.
No allocation. No unlock.
The treasury buys its own supply.
Twenty percent of supply, bought on the open market at the same prices as everyone else, locked for thirty days, then airdropped to holders. Creator rewards fund ongoing buybacks; holders vote what happens to what is bought.
Bring us a position that has to move.
Manticore takes on exits where size is the constraint. If yours is small enough to sell without moving the price, you do not need a desk — sell it.
Figures on this site are computed from AMM formulas to illustrate mechanics. They are not a track record, a forecast, or a promise of return.