Bookie Mode

On Bluff, providing liquidity is how you can act as a "bookmaker" for a market. By supplying capital to the market's liquidity pool, you earn fees from every trade that occurs within your specified price range. While this is a standard feature of Automated Market Makers (AMMs), Bluff introduces Bookie Mode to make this process more intuitive for prediction markets.

What is Bookie Mode?

Bookie Mode is a user interface feature that simplifies the process of adding liquidity to a market. Instead of manually configuring complex liquidity positions, Bookie Mode allows you to quickly deposit collateral and become a liquidity provider (LP) with just a few clicks.

When you use Bookie Mode, you are essentially providing liquidity in a concentrated range around the current market price. This means you will collect fees from swaps as users bet "YES" or "NO," effectively making you the bookie for that range of outcomes.

How It Works

Functionally, Bookie Mode performs the same action as manually adding liquidity in a concentrated range on a platform like Uniswap v3/v4. However, it is designed specifically for the user experience of a prediction market.

1. Choose Your Range: The button may pre-select an optimal range or allow you to adjust it.

2. Deposit Collateral: You provide the necessary assets to fund the position.

3. Earn Fees: Your capital is added to the pool, and you begin earning a share of the trading fees from all swaps that execute within your range.

This feature is ideal for users who believe they can predict where the market price will stabilize and want to earn passive income from their insight without taking a strong directional bet. It is a powerful way to participate in the market by facilitating trades for others.