Author Topic: BitUSD Liquidity  (Read 928 times)

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Xeldal

  • Guest
Is there any way that delegate funds can be used to provide liquidity for gateways that exchange BitUSD. I hate to see post like this on the bitcoin sub reddit that only serve to discourage further adoption of bitshares products.

http://www.reddit.com/r/Bitcoin/comments/34ihrz/whats_happening_with_shapeshiftio/

The terrible price on bitUSD is more to do with bugs in the market and an unwillingness to short.  You would need quite a few delegates with the sole purpose of shorting bitUSD to correct the imbalances.  The better approach is fixing the bugs and realigning incentives.  I think this latest 0.9.0 addresses some of that but I think we will continue to see a lack of bitUSD liquidity until BitAssets3.0 or something like it, is released.  Or if the bitshares Bull returns to the market, that would help too.

Ive proposed my delegate use its pay for making this and many other markets but I have yet to receive enough votes to make it happen.   I'm currently using my own funds to make the market referenced in that thread.  The rates are actually competitive with anywhere else you can find bitUSD. 

If you'd like to help with liquidity you can place orders yourself on yunbi.com as that is where shapeshift.io is currently getting that market for their site.   Or you can vote for my delegate: fund.bitsharesbreakout and I will do the same to whatever extent the small pay allows for.  The delegate is currently ranked 108 and only needs a small bump in votes to make it happen.  https://bitsharestalk.org/index.php/topic,13500.msg199071.html#msg199071

clout

  • Guest
Is there any way that delegate funds can be used to provide liquidity for gateways that exchange BitUSD. I hate to see post like this on the bitcoin sub reddit that only serve to discourage further adoption of bitshares products.

http://www.reddit.com/r/Bitcoin/comments/34ihrz/whats_happening_with_shapeshiftio/