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Getting Started
This doc will walk you through the required steps to add Hashflow as a liquidity source for your Taker endpoint. This could be an aggregator, an algorithmic trading bot, or any software intended to run trades against Hashflow liquidity.

1. Set up authentication

Hashflow authenticates all incoming requests based on the source field (passed in the requests below). This helps us track usage, as well as prevent DDoS attacks.
The first step in setting up your taker is reaching out to the Hashflow team, in order to have credentials generated. Depending on the type of taker, the team will provide you with different types of credentials.

A. Aggregators / API Multi-Wallet Traders

This type of API integration is viable for takers such as aggregators (e.g. 1inch, paraswap). The team will provide you with two important pieces of information:
  • your source name
  • the authentication key for your source

B. API Wallet Traders

This type of API integration is viable for individual takers that generally rely on one or very few wallets (e.g. retail traders, funds).
The team will provide you with an authentication key that is bound to the wallet you will be using to access the API.

Authenticating requests

Regardless of the integration type, you have to submit a header with each request:
Authorization: <generated credential key>
This, in conjunction with your identity parameters, will authenticate your request. For identity, parameters, the type of integration matters.

A. Aggregators / API Multi-Wallet Traders

You will have to provide the source field to every request (GET or POST).

B. API Wallet Traders

You will have to set source: 'api' to every request, and also send a field named wallet which is populated with your wallet address (e.g. 0x01ae...b3).

2. Query /marketMakers

Next, you will need to query which market makers (liquidity sources) are currently available on Hashflow for a given network. You can do this by sending the following HTTP REST request:
GET https://api.hashflow.com/taker/v1/marketMakers
?source=<source>
&networkId=<chain-id>
OR, for single wallet traders
GET https://api.hashflow.com/taker/v1/marketMakers
?source=api
&wallet=<wallet-address>
&networkId=<chain-id>
  • For <source> use your source identifier (e.g. my_aggregator) or api
  • For <chain-id> use your network ID (e.g. 1 for Ethereum, 137 for Polygon).
  • For <wallet-address> use the 0x -prefixed wallet address
  • Make sure you also use the header that authenticates your source
The response to this request includes all available market makers on that chain and has format
{
marketMakers: string[]
}
For example: {marketMakers: ['mm1', 'mm2']}.
You'll want to re-run this request periodically for each chain so that you can tell which market makers are available.

3. Query Price Levels (for price discovery)

In order to understand indicative order flow, we expose price levels for the different market makers. These levels tell you, at any given time:
  • what pairs are available for a given network (chain)
  • how much liquidity is available for each particular pair
  • what the rough prices will be once you query signed quotes for those pairs
In general, this step will allow you to do price discovery (which is inexpensive), before requesting signed quotes (which is more expensive).
The price levels APIs benefit from caching and can be queried frequently (e.g. every second).
You can get those by querying:
GET https://api.hashflow.com/taker/v2/price-levels
?source=<source>
&networkId=<chain-id>
&marketMakers[]=<mm1>
&marketMakers[]=<mm2>
OR, for single wallet traders
GET https://api.hashflow.com/taker/v2/price-levels
?source=api
&wallet=<wallet-address>
&networkId=<chain-id>
&marketMakers[]=<mm1>
&marketMakers[]=<mm2>
This endpoint allows you query levels for an arbitrary number of market makers.
You will then get a response of the following format:
{
status: "success" | "fail",
networkId: number,
levels: Record<
string, // They key is the market maker name
Array<{
pair: {
baseToken: string, // The address of the base token
quoteToken: string, // The address of the quote token
baseTokenName: string, // The name of the base token (e.g. ETH)
quoteTokenName: string, // The name of the quote token (e.g. USDC)
},a
// string representation of the level e.g. (2.5 for 2.5 ETH)
levels: Array<{
// string representation of the level (e.g. for 2.5 ETH, this will be "2.5")
level: string,
// string representation of the price per unit at that level
// (e.g. 3500 for "up to 2.5 ETH at 3500 USDT per ETH")
// this price is not in decimals -- it's the actual exchange rate,
// in floating point notation
price: string
}>
}>
>
}
Things to note:
  • for each market maker, there will be one entry in the top level array for each supported pair
  • levels and prices are not in decimals (e.g. 1 means 1 ETH and not 1 WEI)
  • for native tokens (e.g. AVAX on avalanche, ETH on ethereum) Hashflow uses the 0 address (0x00..00)
Each level represents up to how much liquidity can be accessed at a given price. Also, the first level represents the minimum amount that the market maker is willing to take a quote for.
For example, suppose our levels for ETH-USDC are
  • { level: "0.5", "price": "3000" }
  • { level: "1.5", price: "3000"}
  • { level: "5", price: "2999"}
This tells us the following:
  • the trader needs to sell at least 0.5 ETH
  • the trader can sell up to 5 ETH
  • the first 1.5 ETH will be sold for 3000 USDC
  • the next 3.5 ETH will be sold for 2999 USDC
Note that, in general, as liquidity goes up, rates go down. This is expected, as market maker prices generally mirror Centralized Exchange order books.

Cross-Chain price levels

In order to get cross-chain price levels, simply add dstNetworkId as a parameter, indicating the destination Chain ID for the cross-chain trade.
For example:
GET https://api.hashflow.com/taker/v2/price-levels
?source=<source>
&networkId=<src-chain-id>
&dstNetworkId=<dst-chain-id>
&marketMakers[]=<mm1>
&marketMakers[]=<mm2>

4. Query /rfq

By this point, you should have an index of what market makers are available on each chain and which trading pairs they offer, as well as prices they are offering. The next step is to request a signed quote that is ready for execution.
This can target specific market makers, or be sent to all available market makers.
This request will look like:
POST https://api.hashflow.com/taker/v2/rfq
​
// JSON body
{
networkId: number, // 1 for mainnet
source: string, // Your identifier (e.g. "1inch", "zerion")
rfqType: number, // RFQ type (e.g. who has the last look). 0: RFQ-t(aker) and 1: RFQ-m(aker)
​
// Base token (the token the trader sells).
baseToken: string, // contract address (e.g. "0x123a...789")
baseTokenAmount: ?string, // decimal amount (e.g. "1000000" for 1 USDT)
​
// Quote token (the token the trader buys).
quoteToken: string, // contract address (e.g. "0x123a...789")
quoteTokenAmount: ?string, // decimal amount (e.g. "1000000" for 1 USDT)
​
/* NOTE: Exactly one of base/quote tokenAmount must be present. */
// The trader wallet address that will swap with our contract. This can be a proxy
trader: string,
// The wallet address of the actual trader (e.g. end user wallet).
// If effectiveTrader is not present, we assume trader == effectiveTrader.
effectiveTrader: ?string,
// The market maker to request. If missing, we query all MMs and pick the best quote
marketMakers: ?string[], // e.g. ["mm1"]
}
NB: If you're a Wallet API trader, the trader field will be used in lieu of the wallet field, which does not need to be passed. However, you still need to pass source:api in order to avoid rate limits.
You will then get a response of the following format:
{
status: 'success' | 'fail',
error?: string,
rfqId: string, // Unique RFQ identifier
signature?: string,
quoteData?: {
rfqType: number,
txid: string, // Unique quote identifier. Different from RFQ ID.
pool: string,
dstPool?: string, // For cross-chain quotes, the pool on the destination chain ID
eoa: ?string, // EOA address if market maker uses an EOA
// Quote
baseToken: string,
baseTokenAmount: string,
quoteToken: string,
quoteTokenAmount: string,
fees: string,
// UNIX timestamp when quote expires
quoteExpiry: number,
​
trader: string,
effectiveTrader: ?string,
​
// The following parameter is used by Hashflow contracts to prevent replay.
nonce: number
},
gasEstimate?: number, // Estimated number of gas units
nativeTokenPriceUsd?: number, // USD price of gas currency (ETH, MATIC, etc)
}

Cross-Chain RFQ

In order to request a cross-chain quote, a dstNetworkId field needs to be added to the /rfq request, which represents the Chain ID of the destination chain. quoteToken has to be a valid ERC-20 (or native token) address on the destination chain.
For example:
POST https://api.hashflow.com/taker/v2/rfq
​
// JSON body
{
networkId: number, // source chain ID
dstNetworkId: number, // destination chain ID
source: string, // Your identifier (e.g. "1inch", "zerion")
rfqType: number, // RFQ type (e.g. who has the last look). 0: RFQ-t(aker) and 1: RFQ-m(aker)
​
// Base token (the token the trader sells).
baseToken: string, // contract address (e.g. "0x123a...789")
baseTokenAmount: ?string, // decimal amount (e.g. "1000000" for 1 USDT)
​
// Quote token (the token the trader buys).
quoteToken: string, // contract address (e.g. "0x123a...789")
quoteTokenAmount: ?string, // decimal amount (e.g. "1000000" for 1 USDT)
​
/* NOTE: Exactly one of base/quote tokenAmount must be present. */
// The trader wallet address that will swap with our contract. This can be a proxy
trader: string,
// The wallet address of the actual trader (e.g. end user wallet).
// If effectiveTrader is not present, we assume trader == effectiveTrader.
effectiveTrader: ?string,
// The market maker to request. If missing, we query all MMs and pick the best quote
marketMakers: ?string[], // e.g. ["mm1"]
}

5. Execute quote on-chain

Once you have obtained a signed quote and decided to execute it, you can submit it on-chain to the HashflowRouter contract to swap the funds between trader and market maker.
The tradeSingleHop call is meant to be composable. However, since it is most often composed with AMMs that have slippage, the Hashflow contracts allow you to tune the token amounts in order to account for slippage (see the description of maxBaseTokenAmount below).
The contract has the following addresses:
"HashflowRouter": {
"1": {
"address": "0xE2e3441004E7D377A2D97142e75d465e0dD36aF9",
"transactionHash": "0x13d8707b6ae677776e2bbb180b9077f8ab20919b28775f5d171be39ebb409fb2"
},
"10": {
"address": "0x54a06197130E02AA0244C4a413F70C52348C3610",
"transactionHash": "0x569a1c5b0a9f409d3c773e1ea0e1d0e5aa512d53b5d20f90720938df52ba29bf"
},
"56": {
"address": "0x5E8297eFe1a5D9064F5DD3BB525d84807440a90D",
"transactionHash": "0x0dd1b4374ac91857ae13bef8cea85a31b0e7ecfec84051024e508de4034f50dc"
},
"97": {
"address": "0x45A9DFAaF2551c669a847192A606c8B38ED260a4",
"transactionHash": "0xc385560fb2de045c14439d976f18ef07abd4986aa25995ffae78b80ca60b82e3"
},
"137": {
"address": "0xeDc827442114F038D009417a88942a619b8cfe17",
"transactionHash": "0x9cc0e8f33a99d53a0ff96f5ad9a37b64d1877c9368c6a81c45555531282be0dc"
},
"42161": {
"address": "0xab68b6213b091dE92680EC57e879a20bBF12afDa",
"transactionHash": "0x63c4b02b202840a13e09aa775bb0076d828391cdc35c682b238f598a6217f1da"
},
"43114": {
"address": "0x39b558bfC3C65230A5Fa5170dbF7A44158A340f6",
"transactionHash": "0xcfb7f4a3e4e95933d910c42eab8cc2d8614e3034f1f44645f27baa088e189cf9"
}
},
and the following ABI:
{
"inputs": [
{
"components": [
{
"internalType": "enum IQuote.RFQType",
"name": "rfqType",
"type": "uint8"
},
{
"internalType": "address",
"name": "pool",
"type": "address"
},
{
"internalType": "address",
"name": "eoa",
"type": "address"
},
{
"internalType": "address",
"name": "trader",
"type": "address"
},
{
"internalType": "address",
"name": "effectiveTrader",
"type": "address"
},
{
"internalType": "address",
"name": "baseToken",
"type": "address"
},
{
"internalType": "address",
"name": "quoteToken",
"type": "address"
},
{
"internalType": "uint256",
"name": "effectiveBaseTokenAmount",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "maxBaseTokenAmount",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "maxQuoteTokenAmount",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "fees",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "quoteExpiry",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "nonce",
"type": "uint256"
},
{
"internalType": "bytes32",
"name": "txid",
"type": "bytes32"
},
{
"internalType": "bytes",
"name": "signedQuote",
"type": "bytes"
}
],
"internalType": "struct IQuote.Quote",
"name": "quote",
"type": "tuple"
}
],
"name": "tradeSingleHop",
"outputs": [],
"stateMutability": "payable",
"type": "function"
}
Some clarification for the ABI fields:
  • eoa. EOA address. Set to eoa, if set in your signed quote. Otherwise, use 0x0000000000000000000000000000000000000000 address.
  • maxBaseTokenAmount / maxQuoteTokenAmount : These are what you receive in the API as baseTokenAmount / quoteTokenAmount. Sometimes you can receive a quote for higher than what you requested. It is essential that you use the requested amount in the effectiveBaseTokenAmount field.
  • effectiveBaseTokenAmount : The actual swapped amount. This has to be less than or equal to maxBaseTokenAmount. We suggest to keep them equal unless there's a discrepancy with the requested amount. If the effectiveBaseTokenAmount is less than maxBaseTokenAmount, the exchange rate maxQuoteTokenAmount / maxBaseTokenAmount will be preserved and applied to effectiveBaseTokenAmount
  • value: If the baseToken is the native token (e.g. ETH on Ethereum), the effectiveBaseTokenAmount needs to be passed as value to the contract call
You can use Etherscan (or similar tools for non-Ethereum chains) to confirm the trade went through.

Executing cross-chain quotes

Cross-chain quotes are executed via our interoperability partner, LayerZero. LayerZero operates with 2 parties:
  • an Oracle on the source chain
  • a Relayer on the destination chain
Both of these entities charge a small fee. However, once the transaction is submitted on the source chain, they will take care of execution on the destination chain.
Therefore, a fee has to be paid by the trader on the source chain, in the source chain's native token (e.g. ETH for Ethereum). This fee will pay for:
  • Oracle fees
  • Relayer fees
  • Gas fees on the destination chain
The fee that needs to be paid is available via API calls, as such:
GET https://api.hashflow.com/taker/v2/xchain-fee-estimate
?source=<source>
&protocol=0 // this represents LayerZero
&srcNetworkId=<src-chain-id>
&dstNetworkId=<dst-chain-id>
The response, if successful will look like:
{ "status": "success", "estimatedFees": "58250613439028287" }
The amount provided is in WEI (decimals -- usually 10^-18).
Once we have a quote, as well as a fee estimate, we can go ahead and submit the quote for execution.
The ABI is the following:
{
"inputs": [
{
"components": [
{
"internalType": "enum IQuote.RFQType",
"name": "rfqType",
"type": "uint8"
},
{
"internalType": "uint16",
"name": "srcChainId",
"type": "uint16"
},
{
"internalType": "uint16",
"name": "dstChainId",
"type": "uint16"
},
{
"internalType": "address",
"name": "srcPool",
"type": "address"
},
{
"internalType": "address",
"name": "dstPool",
"type": "address"
},
{
"internalType": "address",
"name": "trader",
"type": "address"
},
{
"internalType": "address",
"name": "baseToken",
"type": "address"
},
{
"internalType": "address",
"name": "quoteToken",
"type": "address"
},
{
"internalType": "uint256",
"name": "baseTokenAmount",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "quoteTokenAmount",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "fees",
"type": "uint256"
},
{
"internalType": "uint256",
"name": "quoteExpiry",
"type": "uint256"
},
{
"internalType": "bytes32",
"name": "txid",
"type": "bytes32"
},
{
"internalType": "bytes",
"name": "signedQuote",
"type": "bytes"
}
],
"internalType": "struct IQuote.LzQuote",
"name": "quote",
"type": "tuple"
}
],
"name": "tradeLz",
"outputs": [],
"stateMutability": "payable",
"type": "function"
}
Things to note:
  • value: This method should always be passed value. If the baseToken is a native token, the value passed should be baseTokenAmount plus the cross-chain fee estimate computed above. If not, only the cross-chain fee estimate should be passed.
  • srcChainId and dstChainId are LayerZero Chain IDs. The mapping between networkId and LayerZero chain ID can be found below
Network ID
LayerZero Chain ID
1
1
56
2
43114
6
137
9
42161
10
10
11

6. Success!

Congrats! You've successfully integrated with Hashflow as a taker 🥳
Market Making - Previous
How To Guides
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On this page
1. Set up authentication
Authenticating requests
2. Query /marketMakers
3. Query Price Levels (for price discovery)
Cross-Chain price levels
4. Query /rfq
Cross-Chain RFQ
5. Execute quote on-chain
Executing cross-chain quotes
6. Success!