How Is Eligible Liquidity Determined in Community Maker Yield ? Under SIP-5A, not every maker order placed on the order book is included in the Community Maker Yield calculation. Daily distribution is based only on contributions that qualify as eligible liquidity. Eligible liquidity is not determined by a single condition. The SIP-5A documentation defines eligibility through the combined application of multiple mechanisms. The first requirement is two-sided quoting. To qualify as eligible liquidity, qualifying maker orders must be present on both the bid and the ask sides of the order book. One-sided liquidity is not included in the Community Maker Yield calculation. The second requirement is the qualifying band. Maker orders must remain within the qualifying price band defined for the specific market. Orders placed outside this band are not treated as eligible liquidity. The third requirement is minimum uptime. Eligible orders must remain active on the order book for a minimum period of time. Orders that are placed briefly and then quickly canceled are not included in the evaluation. Once these core eligibility requirements are satisfied, proximity weighting is applied. The distance between an order and the mark price affects the weight used in the calculation. Eligible liquidity positioned closer to the mark price is not weighted the same as eligible liquidity placed farther away. The calculation also applies a per-side cap. The maximum amount of eligible liquidity counted on each side of the order book is limited. Any liquidity above that limit is excluded from the Community Maker Yield calculation. In addition, the documentation states that wash trading, related accounts, and other behaviors that could compromise the integrity of the system are excluded from reward distribution. Only after all of these evaluations have been applied is eligible liquidity determined. The daily Community Maker Yield distribution is then calculated exclusively from the liquidity that satisfies these eligibility requirements. #standxblog# @StandX_Official @Stander_StandX