What Is the Qualifying Band in Community Maker Yield ? Under SIP-5A, satisfying the two-sided quoting requirement alone is not enough for maker orders to be considered eligible liquidity. Orders must also remain within the qualifying band defined for the specific market. Maker orders outside this band are excluded from the Community Maker Yield calculation. The qualifying band is measured relative to the mark price. Because the mark price continuously changes, the qualifying band moves with it. As a result, a maker order that is initially inside the qualifying band may move outside of it over time as the mark price changes. This is an important consideration for makers. To maintain eligibility, makers may choose to update their orders or position their quotes accordingly, depending on their trading strategy. The qualifying band parameters are configured separately for each market and managed by StandX Operations. According to the documentation, factors such as market volatility, market depth, and trading hours may be considered when determining these parameters. The current qualifying band values for each market are published on the corresponding Campaign Page. The qualifying band is only one of the mechanisms used to determine eligible liquidity. To qualify for the Community Maker Yield calculation, maker orders must also satisfy the other eligibility requirements defined in SIP-5A, including two-sided quoting, minimum uptime, proximity weighting, per-side cap, and other eligibility checks. #standxblog# @StandX_Official @Stander_StandX