Online Bhuz
Committee member
Sr. Member
*
Posts: 449
View Profile
BitShares: bhuz
Re: Market making contest
« Reply #90 on: October 31, 2019, 06:51:26 pm »
Quote from: abit on October 31, 2019, 12:10:48 pm
Reward data for 2019-10-30
(data generated with Ruby 2.2.2p95 (2015-04-13 revision 50295), script revision c318951)
Total 2241.00161 BTS
[...]
Snapshots:
https://mmcontest.bitshares.org/snapshots20191030.tgzCode: [Select]
$ tar xzf snapshots20191030.tgz
$ find 2019-10-30 -type f -exec sha256sum {} \; | sort -k 2 | sha256sum
483a7ecf9eb88f3851311ccf696a67347aed7e5369b7ac04eb0afea37db7c70c -
Proposal for sending out rewards of 2019-10-30:
https://cryptofresh.com/tx/af75f8d5d087610230d8dc040257f2470bd76f82https://cryptofresh.com/b/42306838https://cryptofresh.com/p/1.10.51408https://wallet.bitshares.org/#/account/committee-trade/ "proposed transactions" tab
@ruby 2.6.5p114 (2019-10-01 revision 67812)
Code: [Select]
$ ruby mm_rewards.rb 2019-10-30 1.10.51408
Date: 2019-10-30
Computing snapshots chucksum...
483a7ecf9eb88f3851311ccf696a67347aed7e5369b7ac04eb0afea37db7c70c
Analyzing snapshots data and computing rewards...
Total Rewards: 2241.00352 BTS
Let's verify the current proposal
Getting proposal '1.10.51408' from the blockchain...
Loading computed rewards data and mimic a proposal...
Comparing proposals...
Found 1 difference(s)!
1st difference in position 0 (1st operation):
found {'amount': {'amount': 392866}}
instead of {'amount': {'amount': 393057}}
I will approve the proposal.
Logged
Offline abit
Committee member
Hero Member
*
Posts: 3885
View Profile Steemit Blog
BitShares: abit
GitHub: abitmore
Re: Market making contest
« Reply #91 on: October 31, 2019, 10:06:32 pm »
Quote from: Bhuz on October 31, 2019, 06:51:26 pm
Quote from: abit on October 31, 2019, 12:10:48 pm
Reward data for 2019-10-30
(data generated with Ruby 2.2.2p95 (2015-04-13 revision 50295), script revision c318951)
Total 2241.00161 BTS
[...]
@ruby 2.6.5p114 (2019-10-01 revision 67812)
[...]
Analyzing snapshots data and computing rewards...
Total Rewards: 2241.00352 BTS
1st difference in position 0 (1st operation):
found {'amount': {'amount': 392866}}
instead of {'amount': {'amount': 393057}}
Found a bug in the "BigDecimal" module of Ruby 2.2.2 which caused the difference.
The difference is insignificant (<0.02 BTS) so I'm not going to compensate this time.
I will switch to Ruby 2.6.5 to generate reward data in the future.
Logged
BTS account: abit
BTS committee member: abit
BTS witness: in.abit
Offline abit
Committee member
Hero Member
*
Posts: 3885
View Profile Steemit Blog
BitShares: abit
GitHub: abitmore
Re: Market making contest
« Reply #92 on: November 01, 2019, 01:35:28 am »
Reward data for 2019-10-31
(data generated with Ruby 2.6.5p114 (2019-10-01 revision 67812), script revision c318951)
Total 2864.16983 BTS
BTC
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.125824 13.70619
1.2.168607 8.34797
1.2.424868 3.66592
1.2.1602008 2.20003
1.2.1691739 2.11999
1.2.36449 1.76431
1.2.1619104 1.64759
1.2.33015 1.32982
1.2.298 1.20881
1.2.1591806 1.08867
1.2.1621642 0.63016
1.2.944809 0.62269
1.2.1560396 0.53905
1.2.885181 0.27429
1.2.395549 0.25598
1.2.799404 0.15063
1.2.881146 0.07171
1.2.126225 0.06440
1.2.1687203 0.05766
1.2.1643343 0.05106
1.2.1616179 0.04243
1.2.1094392 0.03698
1.2.1565363 0.02934
1.2.447722 0.01041
1.2.1686641 0.00872
1.2.973616 0.00802
1.2.138771 0.00798
1.2.1527702 0.00696
1.2.1213071 0.00637
1.2.1622544 0.00539
1.2.823489 0.00306
1.2.877590 0.00271
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.168607 767.22558
1.2.1691739 302.64652
1.2.1213071 195.62507
1.2.424868 135.59409
1.2.944809 42.60857
1.2.125824 41.11643
1.2.1560396 28.09349
1.2.395549 12.28327
1.2.799404 9.98221
1.2.885181 8.51550
1.2.1619104 8.33275
1.2.881146 6.52165
1.2.1094392 5.75092
1.2.33015 5.46182
1.2.1616179 5.03475
1.2.1687203 4.08671
1.2.447722 1.81856
1.2.710542 0.62402
1.2.126225 0.53709
1.2.979913 0.41976
1.2.138771 0.17469
1.2.1527702 0.08796
1.2.955081 0.08341
1.2.916316 0.02490
USDT
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.1691467 2.18049
1.2.1674829 1.27671
1.2.1692978 1.18299
1.2.1656561 0.98791
1.2.424868 0.73299
1.2.33015 0.68287
1.2.36449 0.52489
1.2.1667487 0.43751
1.2.395549 0.25693
1.2.1616179 0.11837
1.2.1108195 0.10570
1.2.1596351 0.09276
1.2.114363 0.09187
1.2.877590 0.04434
1.2.1328017 0.01798
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.424868 399.85553
1.2.1692978 387.51786
1.2.888089 244.30075
1.2.1674829 87.87207
1.2.1108195 69.44280
1.2.1656561 12.20586
1.2.1667487 11.05984
1.2.395549 10.85308
1.2.1616179 7.75194
1.2.1328017 0.78709
1.2.1636320 0.76326
1.2.877590 0.41042
Snapshots:
https://mmcontest.bitshares.org/snapshots20191031.tgzCode: [Select]
$ tar xzf snapshots20191031.tgz
$ find 2019-10-31 -type f -exec sha256sum {} \; | sort -k 2 | sha256sum
4aab161df283ac8bef9632a2570c0b7d26ca97edd92e91f29d034443b505bca2 -
Proposal for sending out rewards of 2019-10-31:
https://cryptofresh.com/tx/fe3b6aad61429dd4a6410129bad5e9d11d548e2ahttps://cryptofresh.com/b/42322913https://cryptofresh.com/p/1.10.51467https://wallet.bitshares.org/#/account/committee-trade/ "proposed transactions" tab
Logged
BTS account: abit
BTS committee member: abit
BTS witness: in.abit
Offline mike.wang
Newbie
*
Posts: 11
View Profile
Re: Market making contest
« Reply #93 on: November 01, 2019, 02:32:31 am »
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
Logged
Offline abit
Committee member
Hero Member
*
Posts: 3885
View Profile Steemit Blog
BitShares: abit
GitHub: abitmore
Re: Market making contest
« Reply #94 on: November 01, 2019, 10:11:28 am »
Quote from: mike.wang on November 01, 2019, 02:32:31 am
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
IMHO what we need is better/more promotion. We need more participants. Changing parameters only is not that effective.
Logged
BTS account: abit
BTS committee member: abit
BTS witness: in.abit
Online Bhuz
Committee member
Sr. Member
*
Posts: 449
View Profile
BitShares: bhuz
Re: Market making contest
« Reply #95 on: November 01, 2019, 11:27:37 am »
Quote from: abit on November 01, 2019, 01:35:28 am
Reward data for 2019-10-31
(data generated with Ruby 2.6.5p114 (2019-10-01 revision 67812), script revision c318951)
Total 2864.16983 BTS
[...]
Snapshots:
https://mmcontest.bitshares.org/snapshots20191031.tgzCode: [Select]
$ tar xzf snapshots20191031.tgz
$ find 2019-10-31 -type f -exec sha256sum {} \; | sort -k 2 | sha256sum
4aab161df283ac8bef9632a2570c0b7d26ca97edd92e91f29d034443b505bca2 -
Proposal for sending out rewards of 2019-10-31:
https://cryptofresh.com/tx/fe3b6aad61429dd4a6410129bad5e9d11d548e2ahttps://cryptofresh.com/b/42322913https://cryptofresh.com/p/1.10.51467https://wallet.bitshares.org/#/account/committee-trade/ "proposed transactions" tab
@ruby 2.6.5p114 (2019-10-01 revision 67812)
Code: [Select]
$ ruby mm_rewards.rb 2019-10-31 1.10.51467
Date: 2019-10-31
Computing snapshots chucksum...
4aab161df283ac8bef9632a2570c0b7d26ca97edd92e91f29d034443b505bca2
Analyzing snapshots data and computing rewards...
Total Rewards: 2864.16983 BTS
Let's verify the current proposal
Getting proposal '1.10.51467' from the blockchain...
Loading computed rewards data and mimic a proposal...
Comparing proposals...
No difference found!
I will approve the proposal.
Logged
Offline ikram101
Newbie
*
Posts: 1
View Profile
BitShares: superikram1
Re: Market making contest
« Reply #96 on: November 02, 2019, 07:47:51 am »
Hi Everyone, we would like to introduce our market maker to the bitshares community. Autonio has released their Bitshares Market Maker that can be utilized to participate in the on-going BTS market making competetion.
Chinese version of the app will be released especially for the Chinese community.
For more info on Autonio BTS-MarketMaker, check out our latest medium post:
https://link.medium.com/OmkcrZyqe1Feel free to ping me for any relevant question.
Logged
Offline sschiessl
Hero Member
*****
Posts: 581
View Profile
BitShares: sschiessl
Re: Market making contest
« Reply #97 on: November 02, 2019, 07:58:38 am »
Quote from: abit on November 01, 2019, 10:11:28 am
Quote from: mike.wang on November 01, 2019, 02:32:31 am
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
IMHO what we need is better/more promotion. We need more participants. Changing parameters only is not that effective.
Do you have something specific in mind for marketing this?
Logged
Offline mike.wang
Newbie
*
Posts: 11
View Profile
Re: Market making contest
« Reply #98 on: November 02, 2019, 08:11:15 am »
Quote from: abit on November 01, 2019, 10:11:28 am
Quote from: mike.wang on November 01, 2019, 02:32:31 am
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
IMHO what we need is better/more promotion. We need more participants. Changing parameters only is not that effective.
I believe higher reward is one of the way to attract market maker at this stage. worth a try.
Logged
Offline Crypto Kong
Full Member
***
Posts: 98
View Profile
Re: Market making contest
« Reply #99 on: November 02, 2019, 09:24:46 am »
Quote from: abit on November 01, 2019, 10:11:28 am
Quote from: mike.wang on November 01, 2019, 02:32:31 am
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
IMHO what we need is better/more promotion. We need more participants. Changing parameters only is not that effective.
I think a bit of both is needed, I have been trialing the contest and for the time being have decided my BTC is better put to use elsewhere as the payout isn't high enough, that being said there is no point increasing payout without people even knowing the contest exists. I think we also need to get cryptobridge and openledger on board with this.
Rewarding markets like gdex.btc-sparkdex.btc and gdex.btc-rudex.btc could also be beneficial as at the moment we are rewarding liquidity in isolated markets where often the majority of trades are filled by arb bots. If we can lower the spreads in these markets we effectively join the markets and they become less isolated. At the moment we are rewarding liquidity that doesn't really benefit us as orders are rarely filled. I would like to see spreads in these joining markets for exchanges taking part be less than 1%, this would increase arb bot activity and mean that prices across these markets would stay closer together and their liquidity more available. I would reward buy orders >0.995 and sell orders <1.005 in these markets.
It is also worth mentioning that as far as I can see on Twitter, GDEX is the only exchange to announce the MM contest. It would be good if participating exchanges agreed to tweet at least once a week about the contest.
« Last Edit: November 02, 2019, 09:49:57 am by Crypto Kong »
Logged
Offline mike.wang
Newbie
*
Posts: 11
View Profile
Re: Market making contest
« Reply #100 on: November 02, 2019, 11:58:27 am »
Quote from: Crypto Kong on November 02, 2019, 09:24:46 am
Quote from: abit on November 01, 2019, 10:11:28 am
Quote from: mike.wang on November 01, 2019, 02:32:31 am
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
IMHO what we need is better/more promotion. We need more participants. Changing parameters only is not that effective.
I think a bit of both is needed, I have been trialing the contest and for the time being have decided my BTC is better put to use elsewhere as the payout isn't high enough, that being said there is no point increasing payout without people even knowing the contest exists. I think we also need to get cryptobridge and openledger on board with this.
Rewarding markets like gdex.btc-sparkdex.btc and gdex.btc-rudex.btc could also be beneficial as at the moment we are rewarding liquidity in isolated markets where often the majority of trades are filled by arb bots. If we can lower the spreads in these markets we effectively join the markets and they become less isolated. At the moment we are rewarding liquidity that doesn't really benefit us as orders are rarely filled. I would like to see spreads in these joining markets for exchanges taking part be less than 1%, this would increase arb bot activity and mean that prices across these markets would stay closer together and their liquidity more available. I would reward buy orders >0.995 and sell orders <1.005 in these markets.
It is also worth mentioning that as far as I can see on Twitter, GDEX is the only exchange to announce the MM contest. It would be good if participating exchanges agreed to tweet at least once a week about the contest.
I agree most of what you say.
But, IMHO, a.btc-b.btc is kind of arb not MM, should not earn reward.
Liquidity increases when limit orders are placed on the BTS:BTC/USDT market. a.btc-b.btc encourage arb, limit orders are settled because of this, thus reduce liquidity.
« Last Edit: November 02, 2019, 12:01:03 pm by mike.wang »
Logged
Offline abit
Committee member
Hero Member
*
Posts: 3885
View Profile Steemit Blog
BitShares: abit
GitHub: abitmore
Re: Market making contest
« Reply #101 on: November 02, 2019, 12:09:31 pm »
Reward data for 2019-11-01
(data generated with Ruby 2.6.5p114 (2019-10-01 revision 67812), script revision c318951)
Total 8029.04303 BTS
BTC
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.125824 13.36142
1.2.168607 11.81508
1.2.1691739 4.54264
1.2.424868 2.92999
1.2.298 2.17770
1.2.36449 1.83928
1.2.33015 1.47417
1.2.1619104 1.00001
1.2.1693506 0.65625
1.2.395549 0.54823
1.2.1560396 0.53617
1.2.799404 0.25843
1.2.885181 0.24562
1.2.881146 0.09511
1.2.126225 0.08874
1.2.403666 0.08336
1.2.1687203 0.06814
1.2.1616179 0.06136
1.2.1643343 0.06034
1.2.1094392 0.04070
1.2.1213071 0.02628
1.2.1686641 0.01097
1.2.1527702 0.00987
1.2.823489 0.00528
1.2.1622544 0.00464
1.2.877590 0.00151
1.2.973616 0.00117
1.2.979913 0.00023
1.2.114226 0.00007
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.1693506 1581.98043
1.2.168607 649.25761
1.2.1691739 611.10984
1.2.424868 205.33753
1.2.1213071 156.46514
1.2.125824 111.46267
1.2.944809 78.99546
1.2.1560396 29.12803
1.2.395549 25.82953
1.2.881146 14.01670
1.2.885181 11.57981
1.2.799404 6.20868
1.2.1094392 5.31321
1.2.1616179 5.15973
1.2.1687203 3.89009
1.2.403666 2.42169
1.2.1619104 1.06116
1.2.126225 0.89848
1.2.710542 0.80249
1.2.501058 0.43690
1.2.979913 0.29269
1.2.1527702 0.06912
1.2.955081 0.05851
USDT
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.424868 5.47039
1.2.888089 3.56102
1.2.1692978 3.26828
1.2.1674829 1.15460
1.2.1693506 0.98567
1.2.1108195 0.80872
1.2.33015 0.77116
1.2.1656561 0.58989
1.2.36449 0.49407
1.2.395549 0.44813
1.2.1596351 0.36302
1.2.1667487 0.27337
1.2.114363 0.13663
1.2.1616179 0.09614
1.2.877590 0.03013
1.2.670147 0.02323
1.2.1328017 0.00775
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.1693415 2735.99085
1.2.1692978 642.55356
1.2.424868 242.46064
1.2.670147 237.77044
1.2.888089 153.81977
1.2.114363 145.08775
1.2.1693506 106.22008
1.2.1674829 95.45314
1.2.1108195 33.14502
1.2.395549 29.48322
1.2.1656561 17.95451
1.2.1616179 12.50170
1.2.1667487 12.02347
1.2.1328017 0.99111
1.2.1636320 0.72360
1.2.533402 0.36796
1.2.877590 0.29575
Snapshots:
https://mmcontest.bitshares.org/snapshots20191101.tgzCode: [Select]
$ tar xzf snapshots20191101.tgz
$ find 2019-11-01 -type f -exec sha256sum {} \; | sort -k 2 | sha256sum
feebc04f8389d49e522330ae6fd47b0597717219c0257bb598d6167bccfe80bb -
Proposal for sending out rewards of 2019-11-01:
https://cryptofresh.com/tx/f5d019c4d12b100b2408de79eec0a1087a9f9174https://cryptofresh.com/b/42364197https://cryptofresh.com/p/1.10.51523https://wallet.bitshares.org/#/account/committee-trade/ "proposed transactions" tab
Logged
BTS account: abit
BTS committee member: abit
BTS witness: in.abit
Online Bhuz
Committee member
Sr. Member
*
Posts: 449
View Profile
BitShares: bhuz
Re: Market making contest
« Reply #102 on: November 02, 2019, 12:25:21 pm »
Quote from: abit on November 02, 2019, 12:09:31 pm
Reward data for 2019-11-01
(data generated with Ruby 2.6.5p114 (2019-10-01 revision 67812), script revision c318951)
Total 8029.04303 BTS
[...]
Snapshots:
https://mmcontest.bitshares.org/snapshots20191101.tgzCode: [Select]
$ tar xzf snapshots20191101.tgz
$ find 2019-11-01 -type f -exec sha256sum {} \; | sort -k 2 | sha256sum
feebc04f8389d49e522330ae6fd47b0597717219c0257bb598d6167bccfe80bb -
Proposal for sending out rewards of 2019-11-01:
https://cryptofresh.com/tx/f5d019c4d12b100b2408de79eec0a1087a9f9174https://cryptofresh.com/b/42364197https://cryptofresh.com/p/1.10.51523https://wallet.bitshares.org/#/account/committee-trade/ "proposed transactions" tab
@ruby 2.6.5p114 (2019-10-01 revision 67812)
Code: [Select]
$ ruby mm_rewards.rb 2019-11-01 1.10.51523
Date: 2019-11-01
Computing snapshots chucksum...
feebc04f8389d49e522330ae6fd47b0597717219c0257bb598d6167bccfe80bb
Analyzing snapshots data and computing rewards...
Total Rewards: 8029.04303 BTS
Let's verify the current proposal
Getting proposal '1.10.51523' from the blockchain...
Loading computed rewards data and mimic a proposal...
Comparing proposals...
No difference found!
I will approve the proposal.
Logged
Offline Crypto Kong
Full Member
***
Posts: 98
View Profile
Re: Market making contest
« Reply #103 on: November 02, 2019, 12:28:09 pm »
Quote from: mike.wang on November 02, 2019, 11:58:27 am
Quote from: Crypto Kong on November 02, 2019, 09:24:46 am
Quote from: abit on November 01, 2019, 10:11:28 am
Quote from: mike.wang on November 01, 2019, 02:32:31 am
The daily rewards in these days are ~2500BTS, too low ...
How about double it by change the following?
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 1,000,000 BTS)
to
Code: [Select]
group_score = group_reward_percent * min(1, total_order_size / 500,000 BTS)
IMHO what we need is better/more promotion. We need more participants. Changing parameters only is not that effective.
I think a bit of both is needed, I have been trialing the contest and for the time being have decided my BTC is better put to use elsewhere as the payout isn't high enough, that being said there is no point increasing payout without people even knowing the contest exists. I think we also need to get cryptobridge and openledger on board with this.
Rewarding markets like gdex.btc-sparkdex.btc and gdex.btc-rudex.btc could also be beneficial as at the moment we are rewarding liquidity in isolated markets where often the majority of trades are filled by arb bots. If we can lower the spreads in these markets we effectively join the markets and they become less isolated. At the moment we are rewarding liquidity that doesn't really benefit us as orders are rarely filled. I would like to see spreads in these joining markets for exchanges taking part be less than 1%, this would increase arb bot activity and mean that prices across these markets would stay closer together and their liquidity more available. I would reward buy orders >0.995 and sell orders <1.005 in these markets.
It is also worth mentioning that as far as I can see on Twitter, GDEX is the only exchange to announce the MM contest. It would be good if participating exchanges agreed to tweet at least once a week about the contest.
I agree most of what you say.
But, IMHO, a.btc-b.btc is kind of arb not MM, should not earn reward.
Liquidity increases when limit orders are placed on the BTS:BTC/USDT market. a.btc-b.btc encourage arb, limit orders are settled because of this, thus reduce liquidity.
Yes, i do agree but my point is that we are paying for liquidity on exchanges such as rudex and sparkdex which are somewhat isolated. Without a.btc-b.btc market having tight spread the liquidity on these exchanges doesnt contribute as much as there are less profitable arb paths to their liquidity. So I think rewarding people for placing orders in a.btc-b.btc could help to make these exchanges less isolated.
The point of rewarding buy orders is to absorb dumps so that price doesnt crash easily, If we have orders placed in markets where there are no profitable arb paths then they dont contribute much to absorbing dumps as their orders wont get filled.
« Last Edit: November 02, 2019, 12:34:42 pm by Crypto Kong »
Logged
Online bitcrab
Committee member
Hero Member
*
Posts: 1650
View Profile
BitShares: bitcrab
GitHub: bitcrab
Re: Market making contest
« Reply #104 on: November 03, 2019, 04:14:08 am »
welcome to trade using GDEX.BTC and GDEX.USDT, the market fee is as low as 0.1% and 20% sharing.
Logged
Email:bitcrab@qq.com
PRINT
Pages: 1 2 3 4 5 6 [7] 8 Go Up