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What is an LP?

API access to Novig is available through the Liquidity Provider (LP) program. We support onboarding both individuals and entities (LLCs, corporations, etc.). As an LP, you’ll receive a dedicated Novig account—separate from any existing account you may have—with direct API access. This account operates under a Market Making Agreement with a volume-based fee structure applied only to orders that trade.

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Fee Structure

Fees are only charged on orders that trade: where p is the implied probability of the contract. Example: A make order risking 4 Novig Cash to win 6 at a price of 0.4:
The full Market Making Agreement with additional details will be shared as you move further along in the process.

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Onboarding Process

1

Complete the Onboarding Form

Fill out the Google Form linked below. This includes a W-9 upload and is required before we can move forward.
2

QA Environment Access

After we review your submission, we’ll grant you access to our QA environment where you can begin testing against the API. Expect to receive QA access within 2 business days of completing the form.
3

Finalize the Market Making Agreement

Once testing is complete, we’ll finalize the Market Making Agreement.
4

Initial Deposit

Before going live, we generally require a minimum deposit of $30,000 to your API account.
5

Production Access

You’ll be fully onboarded as an LP with production API access.

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Complete the Form

LP Onboarding Form

Fill out the onboarding form, including your W-9 upload. This is the first step before we can move forward with API access.
The form includes a W-9 upload. Please have your tax information ready before starting. If you are onboarding as an entity (LLC, corporation, etc.), you will need the entity’s EIN and legal name.