Sb950400_dx_market_making

team-endorsed

#1

Proposal Name: sb950400_dx_market_making
Owner: atcsecure
Cost: 500 Block
Voting:

mnbudget vote 72bfa7c680cd5891b884f3858c23899dcdb7d0b8812945b79a2f10cdc695bb2a/no

Previous Work: Last Month, the market making bot provided over $100k of liquidity on the BLOCK/LTC pair on the DEX

Overview: Market Making bots for BLOCK/LTC, DASH/LTC, DGB/LTC, SYS/LTC.


#2

Can you explain in more detail how the 500 BLOCK is used?


#3

That is the cost of the DEX Market Making service which is running on the DEX itself. The BLOCK is used to pay for that service. It has no relation/connection to the #market-health-dmm channel or service.


#4

Sorry, I’m still not clear on this. Is it a 3rd party service we’re paying for, or float money for our own bot(s)? In which case, how does the money get consumed? 500 BLOCK is fees for about 1000 trades a day for a month, which sounds like a reasonable possibility for $100k of liquidity/trades a month. But that’s an assumption and we all know what they say about assumptions.


#5

It is a 3rd party service, the BLOCK payment is for the market making service on DEX. There is an overhead for running and maintaining that.


#6

OK, thanks for the clarification.