LiqBot | Feature suggestion thread
Make and vote on feature suggestions to be implemented in LiqBot (The open-source liquidity bot!)
As it looks like steem can be used to fund development of projects related to bitshares and other blockchain projects. This thread aims to collect your input for further development of LiqBot.
What is LiqBot?
LiqBot is a bot that was initially made to provide liquidity on Smartcoins markets on the BitShares DEX. You can find more information about the bot and how to set it up in the alpha release post found here: https://steemit.com/bitshares/@linouxis9/liqbot-0
Feature suggestions
Please comment with the features you would like to see implemented and vote on suggestions of others,
To help you get started
- Statistics you want the bot to show
- A specific new strategy
- Config options
It doesn't need to be part of one of those categories of course.
The LiqBot Team
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.
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.
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.
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.
Since Steem is rewarding Market Maker, porting LiqBot to Steem could encourage people to bring liquidity to the SBD/STEEM market.
Does it work for UIA:s without price feeds? That would be appreciated!
Currently it does not. Comparing markets on the DEX with markets outside of bitshares shows that there can be quite a gap between the price of other exchanges and the price on the DEX. The big problem here is how to get a reliable price feed. I will look into using @xeroc his price feed script for this.
Why maintain LiqBot in addition to Stakemachine? Surely stakemachine gives us the best of LiqBot. https://steemit.com/bitshares/@xeroc/stakemachine-trading-infrastructure-and-simple-market-making-bot-for-bitshares--opensource-bot-for-bitshares