> For the complete documentation index, see [llms.txt](https://meriq.gitbook.io/meriq-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://meriq.gitbook.io/meriq-docs/faq.md).

# FAQ

## What is Meriq?

Meriq is liquidity infrastructure for swaps between Canton-native assets. Independent market makers compete to provide liquidity, and Meriq routes each trade to the best eligible executable price.

## Is Meriq an AMM?

No. Meriq does not require all market makers to put their capital into one shared pricing curve. Each market maker manages its own inventory, pricing and risk.

## Where does the liquidity come from?

Liquidity is provided by independent professional market makers connected to Meriq.

## Who sets the price of a trade?

Market makers independently determine the prices at which they are willing to trade. Meriq compares the eligible liquidity available for your requested amount and selects the best executable price.

## Does Meriq custody my assets?

Meriq is designed so users authorize their own transactions rather than handing over their signing keys to Meriq.

## What happens if the price changes before I sign?

Prices are valid for a limited period. If the price is no longer valid, the trade will need to be refreshed rather than settling against an expired execution.

## How are trades settled?

Trades settle atomically on Canton once the required execution conditions are satisfied.

## Which markets are supported?

Meriq is initially focused on CC/USDCX and cBTC/USDCX.

## What is Adaptive Maker Liquidity?

Adaptive Maker Liquidity is Meriq's approach to market-maker liquidity. Each maker retains control over its own inventory, pricing and risk while competing for trader flow.

## How can I become a liquidity partner?

Liquidity partners are currently onboarded directly by the Meriq team. Detailed integration and market-making documentation is shared during that process.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://meriq.gitbook.io/meriq-docs/faq.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.