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General Discussion / Re: [proposal discussion] Unification of same gateway IOUs
« on: March 20, 2018, 04:20:18 pm »
There are some great points here and could lead to some very interesting discussions and ideas.
I believe combining the IOUs into one market is a good idea but should be up to the end user as to which markets they combine. Some may not want to end up with a certain gateways IOU if perhaps they have had withdrawal issues or something similar in the past.
If there was a "combined" markets section on the DEX where users could select their preffered trusted gateways and combine the order books, that would be great. For example I could select to combine the order books of OPEN, BRIDGE & GDEX assets for BTC - USD market. Then when I placed an order and it was filled I would perhaps end up with a combination of one or more of the assets in my wallet for BTC.
This would not only benefit the user by better liquididty but also the gateways as orders may get filled on lesser liquid gateways as they top up the liquidity of more frequently used markets.
It could also allow users, who wish to do so, to lower the risk of holding just one gateways asset in some cases.
It would also serve as a great incentive for exchanges to setup a DEX on the bitshares blockchain as they could piggy back off the liquidity that is already present.
I believe combining the IOUs into one market is a good idea but should be up to the end user as to which markets they combine. Some may not want to end up with a certain gateways IOU if perhaps they have had withdrawal issues or something similar in the past.
If there was a "combined" markets section on the DEX where users could select their preffered trusted gateways and combine the order books, that would be great. For example I could select to combine the order books of OPEN, BRIDGE & GDEX assets for BTC - USD market. Then when I placed an order and it was filled I would perhaps end up with a combination of one or more of the assets in my wallet for BTC.
This would not only benefit the user by better liquididty but also the gateways as orders may get filled on lesser liquid gateways as they top up the liquidity of more frequently used markets.
It could also allow users, who wish to do so, to lower the risk of holding just one gateways asset in some cases.
It would also serve as a great incentive for exchanges to setup a DEX on the bitshares blockchain as they could piggy back off the liquidity that is already present.