I think that's fair. As someone that doesn't do rentals (or particularly care for them at all honestly), my understanding of the situation is that the automated services essentially snipe anything above a 0.001 bid and that leads to an illiquid market where people are waiting and praying someone will fill a 0.001 bid (like all the others that are sitting there) and don't understand why it's not happening. The people not using automated services feel like there's no way to compete with them and either have to choose to rent out at 0.001 or not at all. You'd probably get a more nuanced discussion on this topic from people actively involved in the SPS rental market.
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I've been insta-renting 150,000 at 0.002 for months. If people want to get SPS fast then they should pay more. All those sitting there waiting their bids to get filled at 0.001 for days/weeks/months obviously don't really need the SPS that much.. :)
you're looking at it only from the renter standpoint.
There's a cost to people using automation and getting a 2x return over those that don't. That cost could be argued to be very big if it results in people not wanting to own the underlying assets.
I know I really hate that I either have to use automation or accept 50% less in return. Honestly even I consider whether its worth even owning the SPS with that kind of disadvantage accruing to those using the botted methods. In the long run I'm very aware of the impact this will have, so its a negative thought that I think is silly that we even let be an issue when there are far better ways to accomplish fairness, transparency, liquidity, and a good user experience.
Oh, I don't care either way. As I said, I'm already renting it at 0.002 (btw last couple of weeks it's been insta-filled by Vugtis so I guess he's found a way to automate the process, which is understandable with the amount of SPS he has). I actually gain just 1X when renting over the multiplier I get by holding 360K SPS, so if the floor is set at more than 0.002 I'll just stop renting. :)
yes I understand that. And I'm not blaming anyone either btw, everyone is doing the best they can with the rules as they are.