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125 sats \ 0 replies \ @Undisciplined 14h \ on: Predyx Market Creation Guide (Plain English) oracle
I like this guide, but you shouldn't rely on people actually reading it because they mostly won't.
What will work better is incorporating the information into the market creation process, so people can click on some help icons as they go or just incorporate the relevant information into the instructions for each step.
It would probably help people to have some suggestions as they go, like how much liquidity other users are going with and what fees they're using. Once you have sufficient data, recommending fee and liquidity combinations that generate the best results would also be great.
Some miscellaneous notes:
- For binary markets, it would be nice if we could modify the "Yes"/"No" categories. In particular, I'm thinking about predicting game outcomes and "Bills"/"Chiefs", for instance, are clearer labels than "Yes"/"No".
- There ought to be a way to make the markets "heavier" as more shares are purchased: i.e. liquidity should increase as more shares are purchased because more information is being factored in.
- Something different needs to be done in cases where multiple people are buying/selling shares at the same time. It's not right to quote a price per share and then have that change unilaterally midtransaction. A couple of fixes come to mind:
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- Keep the current pricing mechanism but tell the user that prices changed while their order was processing and get confirmation that they still want to buy/sell the adjusted number of shares at the adjusted price
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- Solicit more information from users: i.e. buy (sell) up to X shares at up to (down to) Y price. I believe this is in the works.
Keep up the great work!