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@DarthCoin You've ridiculed us so much that now you owe us a big fat wumbo channel. When can we expect one from you?
Happy new year! May the force be with you and your node shows up in the top 10.
Wow - #12.
How can we get to top 10? Thanks for assimilating and sharing the information. Love and respect for all the LN node runners.
A big thanks to all the node operators who've opened channel with us, without your support, we'd be nothing 🙏
Congrats - how can I verify the number? @BuffaloDyl @Undisciplined
There is reason we do it one-by-one is:
- The cost to buy bundled shares across multiple outcomes is always less than the cost to buy one-by-one.
- Bundled shares will be boon to the traders but bane to the creators. In other words, the creator will loose more sats.
Thanks Tomek,
Wish to see Predyx updating their pricing algorithm one day
Regrading the algo, I digged deeper into maniswap only to find out it is NOT loss capped. Meaning - the creator could loose much more than the anticipated loss as compared to LMSR where the max loss is fixed.
The reason manifold is able to do it is they can just mint MANA out of the thin air at the time of market resolution. That's why we've been experiencing MANA inflation.
If we do it with sats, we'll probably go bankrupt in few months.
After investing so much time on to find a perfect AMM, I've come to a realization that it doesn't exist.
Thus we've decided to go full blown CDA/CLOB just like Poly and Kalshi. Should be released by March. Of-course our CDA will be a hybrid CDA will spillover to LMSR. So there will always be a price for spot buying/selling. If there is a limit-order, the trade will be executed against those orders, if it doesn't exist the LMSR will be used.
allow for API calls
Yes - we're preparing to open up our APIs. Most probably before March.
No sophisticated formula - @SimpleStacker's math is 100% correct. We use LMSR.
First of all - very good work!! Thanks for building this.
Yes - we'll be opening up our APIs soon. Most probably before March.
Thanks for taking the time to explain it patiently. No hard feelings on my side as well.
I also appreciate the value that came out of this discussion i.e. to warn the trader if he's moving odds too extremely.
Happy Holidays and Merry Christmas!
Hey @grayruby I was worried about that. And that's why I send the email. I have shutdown the server and changed your password.
Thanks for your kind words and unwavering support from day 1. You, @grayruby and @Coinsreporter have been very instrumental in the success of Predyx.
I will always be grateful for this.
Thank you for the kind words. Looking forward to your support. Together we can make bitcoin usable and just not a "store of value".
I agree - you're 100% right. We're working on the automated sports market. The real reason we don't have enough depth is because we use AMM to run the markets. We're also working on CDA limit orders, once we roll that out, the depth problem will be solved.
We just don't want to become a sportsbook - thats why we have markets that appeal to wider audience.
🤐