> ## Documentation Index
> Fetch the complete documentation index at: https://sdk.zeustrade.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Market-maker routes

> Pool exposure, risk and hedge reads for market makers.

These routes need a market-maker key in `x-api-key`; without one they answer 401. Ask the ZEUS team for a key.

| Route | Returns |
| - | - |
| `GET /mm/vault` | TVL, economic NAV, free and reserved liquidity, utilization, ZLP price |
| `GET /mm/exposure` | Long and short open interest, net skew, aggregate exposure |
| `GET /mm/markets` | Per market open interest, skew, caps and risk state |
| `GET /mm/pnl` | The pool's realized and unrealized PnL and fee attribution |
| `GET /mm/risk` | Active limits, thresholds and alerts |
| `GET /mm/hedge-recommendation` | Advisory hedge per market |

Every response includes `network` and `asOf`. USD amounts are decimal strings and percentages are numbers.

```bash theme={null}
curl -H "x-api-key: $ZEUS_API_KEY" https://api.zeustrade.io/mm/hedge-recommendation
```


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