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RE: LiqBot | Feature suggestion thread

in #bitshares • 9 years ago

The Steem blockchain provides liquidity rewards worth $15,000 per day (at current valuation) for market making on the STEEM / Steem Dollar market. The number 1 thing you should be doing is optimising your bot for trading on Steem.

9 years ago in #bitshares by
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     9 years ago 

    Good idea.
    The bot uses the feed price, the STEEM:SBD market has a price feed and is based on graphene, so I think the bot already is compatible with that trading pair (might need some small adjustments changing BTS into STEEM). I will be testing this and making sure the bot is compatible.

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     9 years ago (edited)

    The operations / apis for market have changed slightly from BTS.

    Also unlike BTS the massive liquidity in the STEEM/SBD market will cause price discovery to happen on chain rather than off chain. The price feed updates much slower. Updating your bot to provide liquidity without relying on a price feed is your best bet.

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     9 years ago 

    Thanks for the pointers.
    If the market is massive, the price used by the bot could be determined by the weighted (by volume/time) average price of the orders in the last 10 minutes or something like that.