> ## Documentation Index
> Fetch the complete documentation index at: https://docs.novig.com/llms.txt
> Use this file to discover all available pages before exploring further.

# LP Onboarding

> How to onboard as a Liquidity Provider (LP) with API access

## 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.

## Fee Structure

Fees are only charged on orders that trade:

| Order Type | Formula                       |
| ---------- | ----------------------------- |
| Makes      | `p(1−p) × 0.0125 × contracts` |
| Takes      | `p(1−p) × 0.06 × contracts`   |

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:

```
0.4 × (1 − 0.4) × 0.0125 × 10 contracts = 0.03 Novig Cash
```

The full Market Making Agreement with additional details will be shared as you move further along in the process.

***

## Onboarding Process

<Steps>
  <Step title="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.
  </Step>

  <Step title="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.
  </Step>

  <Step title="Finalize the Market Making Agreement">
    Once testing is complete, we'll finalize the Market Making Agreement.
  </Step>

  <Step title="Initial Deposit">
    Before going live, we generally require a minimum deposit of **\$30,000** to your API account.
  </Step>

  <Step title="Production Access">
    You'll be fully onboarded as an LP with production API access.
  </Step>
</Steps>

***

## Complete the Form

<Card title="LP Onboarding Form" icon="file-pen" href="https://docs.google.com/forms/d/1alOJQnMvfGHAurJLcCSqpu7x0otZJQaxln8fO1rH0H0/viewform">
  Fill out the onboarding form, including your W-9 upload. This is the first step before we can move forward with API access.
</Card>

<Note>
  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.
</Note>