Main > General Discussion
[proposal discussion] Unification of same gateway IOUs
severo:
The best solution, and the most simple and decentralized one, at least for the currencies with the largest market cup, would be that the different gateways would generate enough Smartcoins, such as BitBTC.
Bitshares users could use the gateways to buy these smartcoins, or exchange them for real assets.
Nothing is needed to implement this, only serious gateways with liquidity.
Crypto Kong:
--- Quote from: abit on March 21, 2018, 08:15:00 pm ---Another approach is market making among these UIA's, it's safe as long as the gateways are still trustworthy, and everyone can do it. Combined with the arbitrage bots running in the market, real liquidity will be improved.
Better if UI can show combined market depth. Best if the back end supports auto-bridging: https://github.com/bitshares/bsips/issues/45.
--- End quote ---
I'm gonna start looking into making the market on similar assets at different gateways, good idea. Thanks
sschiessl:
This is one of the strategies of DEXBot, isn't it?
First issue will always be the price if combining assets.
abit:
Another approach is market making among these UIA's, it's safe as long as the gateways are still trustworthy, and everyone can do it. Combined with the arbitrage bots running in the market, real liquidity will be improved.
Better if UI can show combined market depth. Best if the back end supports auto-bridging: https://github.com/bitshares/bsips/issues/45.
Ivan K:
--- Quote ---I believe combining the IOUs is a good idea but should be up to the end user as 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.
--- End quote ---
agreed, user should have granular control on who retains IOUs and who will be used as a withdrawal gateway. This may require exchange of custody between two or even more gateways leading to the idea of the "roaming" fees exisiting between gateways as a form of incentive.
--- Quote ---
If there was a "combined" markets section on the DEX where users could select their preffered trusted gateways and combine the order books
--- End quote ---
It is to be decided whether combining is made low level with only one order book existing or high level combining with separate order books which requires more complicated trading logic. In my opinion reliability of a gateway is not an issue while an IOU is within the DEX, but mostly when user want to withdraw crypto to the outside world.
Navigation
[0] Message Index
[#] Next page
Go to full version