Now the precision to set a higher interest rate (APR) is set to two digit's... example 6.21%
but practical it's not fair !!! Explanation and example:
I want to out compete a short order of $5000
that has set the APR value to 14.01%
with my $1000
order (or less)... I can do that setting a APR at 14.02
Effectively my smaller order out-compete a much bigger order with "zero"
sacrifice from my part, just +0.01% that means 10 cents yearly !!!
The same example with zero precision means that my competitor with the $5000
short order at 14%
will loose the race only if I
set the APR for my $1000
or above (if I set it to 14% I loose because it's less bitUSDs order) that means in this case I must "sacrifice" a + 1% that is $10 annually....That would increase competition/paricipation
from investors/users in my opinion because right now only investors with much free time
that can change several time their orders in front of their monitor have a motive to participate...and we will loose them too if trading bots are present on our exchange that out-compete them for just a couple of cents...
PS @bytemaster If you think zero precision is to low make it at least to one digit... 5.1% , 5.2%, 7.2% etc..