2. v2 design — Counterparty-Skewed Market

MakerThe user authorised sticking with follow/fade. v2 keeps the thesis (counterparty identity carries information), but changes the expression from "cross the. spread on every signal" to "quote inside the spread; let the signal tilt our quotes."

Core idea

1. Passive quotes at best_bid + 1 / best_ask

− 1 (one tick inside the touch) on

HYDROGEL_PACK and VELVETFRUIT_EXTRACT. We

earn the spread on each round-trip when

filled.

2. Counterparty skew (the follow/fade

component): an EWMA of WOFI over a slow

window (α≈0.05, ~20 ticks of memory) shifts

the quote prices by up to ±2 ticks — leaning

towards the informed direction — instead of

triggering a market order.

3. Inventory mean-reversion: as |position|

grows toward the cap, quote prices skew away

from new inventory accumulation. Hard cap at

~25 % of position limit (50 lots HP / VEV) —

far smaller than v1's 60 % (120 lots).