Bench Documentation

Myth Bench enables permissionless constant price markets on Algorand

Myth Bench is available at: myth.finance/bench

Note: Bench is currently deployed as a beta version for our partners at Alpha Arcade. Creation of benches is not yet broadly available.

How it works

  1. Set up your bench market for an asset you want to sell at a fixed rate.
  2. Select your desired purchase asset (or ALGO) and the price.
  3. Optionally, timebox your bench by selecting the market start and end times

Features

  • Withdraw your proceeds at any time
  • Supports ALGO and ASAs in both slots (selling/purchasing)
  • Schedule bench markets to start in the future, or end at a specific time
    • If a bench has an end time set, you can mark it as "not cancellable", which will prevent manually closing the bench until the asset is fully sold
  • Enforce purchase limits per account

Fees

Bench platform fees default to 0.1%, paid in the purchasing asset

Roadmap

  • Private sales and OTC support via buyer whitelist
  • Enforce minimum purchase amount
  • Detailed accounting export