# Market Studio: How It Works

### Onboarding Process

#### 1. Proposal Submission

Reach out to initiate the process on [Discord Channel](https://discord.com/invite/Xejzq3jM3c). 

Include: organization name and background, asset(s) or market categories of interest, brief rationale for proposed market(s).

#### 2. Onboarding Call

We schedule an introductory call to discuss:

* **Asset details.** The specific ticker(s) and underlying asset characteristics.
* **Revenue targets.** Expected volume and fee generation goals.
* **Distribution strategy.** How you plan to drive trading activity to the market.
* **Level of involvement.** Your intended role in ongoing market promotion.
* **Data sources.** Oracle requirements, price feed availability, proprietary data contributions.

#### 3. Feasibility Assessment

Stratium evaluates proposed tickers in collaboration with oracle partners (assessing data feed availability and reliability) and market making partners (evaluating liquidity considerations and spread feasibility).

Assessment covers: technical feasibility, security considerations, oracle robustness, liquidity projections, and risk parameter configuration.

#### 4. Auction & Deployment

Once a ticker is approved:

1. Stratium coordinates auction timing based on the 31-hour HIP-3 Dutch Auction cycle
2. Partner covers the auction cost in HYPE
3. Stratium executes the auction and handles deployment operations
4. Market configuration and launch preparation begins

### Dutch Auction Mechanics

The first 3 assets deployed per deployer are auction-free. For additional tickers, deployers compete in a global auction:

| Parameter      | Value                                                        |
| -------------- | ------------------------------------------------------------ |
| Duration       | 31 hours                                                     |
| Minimum price  | 500 HYPE                                                     |
| Starting price | 2x previous successful auction (or 500 HYPE if prior failed) |
| Frequency      | One auction completes every 31 hours                         |

The auction is shared across all HIP-3 deployers. Only one new ticker can be deployed every 31 hours (excluding free slots).

### Timeline

Typical end-to-end process (initial contact to market launch): 2-6 weeks, depending on oracle infrastructure requirements, auction timing, and market configuration complexity.

### Partner Requirements

* Cover Dutch Auction costs (variable; minimum 500 HYPE)
* Commit to driving volume through distribution channels
* Provide relevant proprietary data or market intelligence
* Maintain ongoing communication on market performance


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