So the main problem it seems is we have low liquidity and our bitAssets might not have the best peg. We are all interested in getting more liquidity, but some can't, either because they don't know how to make or run bots or because they don't have enough funds, so why not do the following.
Get a list of every trustworthy member running a bot
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@maqifrnswa -
@alt-
@xeroc -
@iHashFury -
@Riverhead -
@kenCode I dont know if all have their own bots but if I remember correctly you all showed interest in providing liquidity right? So if each one of you has a bot there would already be 6 different ones.
Now if each member donated a few BTS for each or even only one bot and they would be active on bitUSD/BTS market, we would help tighten the peg. With time liquidity would naturally flow there since it's a chicken and egg problem and then we could slowly remove and redirect liquidity to other market like bitBTC/BTS and so on.
We could get the community to help by donating or get it from the pool which I doubt I think some might disagree. In the end I think that a community effort could help with this and it's up to us to have some initiative. This because I would like to help but I don't think I have the skills to manage a bot. This way anyone can help.
If we had 1 million BTS, even if distributed by 4 - 6 bots, each with 250k-166k per each all acting on the same market with the objective of providing liquidity and at least not loosing money and hold that for a couple months, more people would end up joining naturally. Then we could slowly redirect that and move on to other markets and get the DEX the liquidity it needs. It's a slow process but we need to start somewhere right?
We could start with 1M or even half of that, once it reaches for example 2M we could slowly move on to other market. Step by step, if everything goes right, who knows in 1 year what this could achieve.
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I have one question, could the bots end up eating each other, say, since they would be on the same market, some would win and some would loose trades. This could lead to some getting higher returns and others loosing the BTS needed to provide the liquidity centralizing that on fewer ones, which can increase the risk in case something bad happens right? What if the bot owners, for the purpose of this objective, could reach a gentleman's agreement and if there is a big disparity in the end, they all return the funds in excess to the ones who lost? The objective here would be more focused in providing liquidity than necessarily profit. Just not loosing money to other people would be good enough since we could maintain operations.
Unless bot owners decide to compete, let people lend them BTS and then pay back a piece of the gains? That's also an option, although getting liquidity first is more important imo.