Overview

Rave Trading is a principal market maker (PMM) with a request-for-quote (RFQ) API for tokenized assets, focused first on tokenized stocks. You ask for a price on a token pair on one chain, and Rave answers with a quote. A firm quote comes with a signed transaction that your user's wallet submits on chain.

How a trade works

Step	You call	You get
1. Discover	`GET /v2/markets/levels`	The pairs that are quotable right now, with token addresses, decimals and depth
2. Check limits	`GET /v2/limits`	Per-side status, min and max size, and the address to approve (`allowance_target`)
3. Preview	`POST /v2/quotes/soft`	An indicative price. Not executable
4. Approve	`token_in.approve(allowance_target, amount)` on chain	The router can pull the input token
5. Quote	`POST /v2/quotes/firm`	A signed transaction packet: `to`, `data`, `value`, `chain_id`
6. Submit	The user's wallet sends the packet unchanged	Output tokens settle to `recipient`
7. Track	`GET /v2/transactions/{id_or_tx_hash}`	The settled trade record

Soft and firm quotes

	Soft quote	Firm quote
Purpose	Show a price	Execute a trade
Needs `recipient`	No	Yes
Has `execution.transaction`	No	Yes
Can be looked up later	No	Yes, `GET /v2/quotes/{quote_id}`

Details are in Quotes.

Chains

Rave publishes pairs on BNB Smart Chain (56), Ethereum (1), Base (8453), Robinhood Chain (4663) and Pharos (1672). The chain set changes as markets go live, so read it from /v2/markets/levels instead of hard-coding it. Which symbol quotes on which chain, and on which side, is also live data.

Where to go next

Quickstart: your first soft and firm quote in a few minutes.
Authentication: API keys and the base URL.
Integration Guide: the production checklist for aggregators and wallets.
API Reference: every endpoint with schemas and examples.