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101 sats \ 1 reply \ @ek 13h \ parent \ on: 📣 Community Feedback Requested: Predyx Fee Structure oracle
Thanks for "fee siphoning attack" link - I'm hearing it for the first time. Will implement the network fees for LNAddress payouts.
Also created a post about it: #1008424
As you may already know every market created in LMSR must be subsidized with liquidity. The between 33% - 66% of this liquidity gets lost as the market comes to conclusion based on how thinly the market is traded. And if the market moves only in one direction, then almost all of the liquidity is lost.
Yes, I remember talking about this with @kr when I was still working on delphi.market!
Wanted to be prepared for the user created markets - by adding fees and fine tuning it to optimal level so that the user is incentivized to create markets.
Next we also wanted to get ready to allow 3rd party to provide liquidity with an incentive to earn fees. There will be no motivation to provide any liquidity without the potential to earn some fees.
Ok, makes sense
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0 sats \ 0 replies \ @mega_dreamer OP 1h
Thanks for publishing fee siphoning attack article #1008424 very helpful for new lightning businesses.
Yes, I remember talking about this with @kr when I was still working on delphi.market!
Yes LMSR can be good and bad. I think to bootstrap any prediction markets - its a good idea to start with LMSR and eventually move to the traditional Continuous Double Auction (CDA) trading (Buyers submit bids, sellers submit asks. A trade occurs whenever a bid meets or exceeds an ask.).
The CDA model is more profitable for exchanges/marketplace as compared to LMSR as the traders make the markets as opposed to LMSR.
We'll start working on CDA as we gain significant user/trade volume. Its in our roadmap.
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