# Liquidity Transparency for Token Launches — Forgd on Market Making, RFQs, and Real Performance - Crypto Coin Show Page: https://stenobird.com/podcast/crypto-coin-show-6582644/liquidity-transparency-for-token-launches-forgd-on-market-making-rfqs-and-real-performance-crypto-coin-show Text version: https://stenobird.com/podcast/crypto-coin-show-6582644/liquidity-transparency-for-token-launches-forgd-on-market-making-rfqs-and-real-performance-crypto-coin-show.md Podcast: [Crypto Coin Show](https://stenobird.com/podcast/crypto-coin-show-6582644) Published: 2026-05-06T05:10:02+00:00 Episode link: https://www.spreaker.com/episode/liquidity-transparency-for-token-launches-forgd-on-market-making-rfqs-and-real-performance-crypto-coin-show--70689632 Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/70689632/liquidity_transparency_for_token_launches_forgd_on_market_making_rfqs_and_real_performance_crypto_coin_show.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/crypto-coin-show-6582644/episodes/liquidity-transparency-for-token-launches-forgd-on-market-making-rfqs-and-real-performance-crypto-coin-show Duration seconds: 2405 ## Resource Token launches fail fast when liquidity is fake — and most teams do not know how to measure “good liquidity” until it is too late. Scott Byron, Managing Director at Forgd, breaks down how market making actually works, why RFQ processes mislead founders, and what Liquidity Transparency looks like when market makers are judged on real historical performance. Learn the signals that show liquidity is fragile, how fragmentation and post-launch incentives punish weak launches, and what founders should track 60 days pre-launch to avoid negotiating traps. 🔗 https://www.forgd.com/ 🐦 https://x.com/Forgd_ 🔔JOIN OUR FREE NEWSLETTER FOR 100X GAINS🔔: https://cryptocoinshow.substack.com/subscribe ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/crypto-coin-show-6582644/episodes/liquidity-transparency-for-token-launches-forgd-on-market-making-rfqs-and-real-performance-crypto-coin-show/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/crypto-coin-show-6582644/liquidity-transparency-for-token-launches-forgd-on-market-making-rfqs-and-real-performance-crypto-coin-show.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.