# Demo

Here is a demo of a Tycho Market Maker instance running on Ethereum mainnet, illustrating its actual performance over a 60-day period (nov/dec 25). It compares Binance spot prices against Uniswap V3 pools on Ethereum mainnet on the ETH/USDC pair.

*Strategy configuration* 

* The full configuration is available on Github [here](https://github.com/0xMerso/tycho-market-maker/blob/main/config/mainnet.eth-usdc.toml).
* Polls every 6s, watches spreads above 5bps, executes at 3bps threshold with 0.05% max slippage, using maximum 300k gas limit, 99% max inventory ratio. Transactions submitted via Flashbots for MEV protection. Infinite token approvals via Permit2 minimise gas overhead.

*Performance*

* While ETH fell 22.79%, the strategy returned +9.55%, achieving 32.35% outperformance. Profits come from spread capture + price convergence, not directional exposure.
* Portfolio value (blue) vs ETH price (orange) over 60 days.

<figure><img src="https://755909824-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fh5Z828Hh3eHrVg9DlmPO%2Fuploads%2FRSOrNxvd5kJJVewJDYof%2FFigure_1.png?alt=media&#x26;token=d20ab48d-5fde-4fff-94fe-e70422c727a3" alt=""><figcaption></figcaption></figure>

With the UI associated :&#x20;

<figure><img src="https://755909824-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fh5Z828Hh3eHrVg9DlmPO%2Fuploads%2F1Rr5yZiOw6lsyeHUM5TW%2FScreenshot%202026-01-16%20at%2010.27.53.png?alt=media&#x26;token=37c0d5a5-fa1f-4ca0-84b1-f95a1979e669" alt=""><figcaption></figcaption></figure>

With the logs associated :

<figure><img src="https://755909824-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fh5Z828Hh3eHrVg9DlmPO%2Fuploads%2F6SF8hxcMZshYBHfxixru%2FScreenshot%202026-01-21%20at%2010.44.42.png?alt=media&#x26;token=1432e507-ec68-45be-a12d-deee93ba1db7" alt=""><figcaption></figcaption></figure>