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Offline speedy

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Add margin trading to BTS
« on: January 26, 2015, 07:26:21 PM »

I was reading Bitfinex's explanation of margin trading:
https://www.bitfinex.com/pages/howitworks

And its totally doable inside a blockchain. Owners of BitBTC or BitUSD can lend it out as liquidity providers to traders, who borrow those funds to trade on the internal exchange with margin. Liquidity providing is a great low-risk income stream if you prefer not to trade.

Bitfinex's unique feature of margin trading is probably why its the number 1 biggest Bitcoin exchange right now. Its a killer feature. Add it to the BitShares blockchain with all the extra security benefits that brings, wait for their inevitable Goxing and its moontime for BTS, as long as we have a nice lightweight client by then.
« Last Edit: January 26, 2015, 07:28:56 PM by speedy »

Offline Rune

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Re: Add margin trading to BTS
« Reply #1 on: January 26, 2015, 07:36:40 PM »
This is certainly already planned. But like you said, it's meaningless to have this without a functional light wallet that can trade, which is still far off.

Offline Rune

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Re: Add margin trading to BTS
« Reply #2 on: January 26, 2015, 07:48:42 PM »
This is certainly already planned. But like you said, it's meaningless to have this without a functional light wallet that can trade, which is still far off.

Awesome! Do you know how far off the plan for margin is?

It's not possible to put timelines on something like this. Assuming there isn't a 10x price jump to accelerate development resources I'd guess it would be ready to be put on the BTS blockchain next year at the earliest.

Offline speedy

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Re: Add margin trading to BTS
« Reply #3 on: February 14, 2015, 10:16:58 PM »
Im just re-listening to the mumble session, and Bytemaster is talking about the bond market where people can lend out BitUSD at some interest rate. This sounds awesome because if I understand correctly it will facilitate margin trading, as well as everything else that bond markets are useful for.

 

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