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RE: $100,000 per day ongoing drainage of liquidity rewards (more than $85K hack) <- I propose three solutions

in #trading8 years ago

How long will the liquidity awards be active for? If it is not just a short term thing, then it would make sense for me to develop custom market makers. But if it is something that could be gone tomorrow, then it makes it a much riskier thing.

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Although I'm not able to answer your question, I would appreciate your offer. However, no matter whether you will develop your market maker, there're already other bots running.

By the way new code has been deployed, please check (rule changed).

I came up with a couple more tweaks to the liquidity points that will help level the playing field: https://steemit.com/trading/@jl777/steem-dollars-discount-why-is-it-always-below-open-market-price

does the new rules prevent total domination by the godzilla account?

By now, not yet. But I'm not sure how it will go in the future.