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30 sats \ 7 replies \ @mega_dreamer 4h \ parent \ on: Stacker Saloon
We have a standard LMSR, no deviations of any kind. I will answer in details tomorrow. Partied too hard - its weekend.
What value of 𝑏 are you using in the current FIFA market?
b = 100k sats for FIFA market fixed - we may increase the b based on trading activity. But the current b = 100k.
Is buying 100 YES shares for Team A equivalent to buying 100 NO shares for all other teams proportionally? Or are YES/NO shares treated as separate instruments with different mechanics?
NO - its inverse. Ex: if you're buying 100 yes at 0.20 sats for Team A, and if you're betting on Team A - NO. it'll be 0.80 sats (1 - 0.20 = 0.80). We interpret NO as buying YES on all the team except Team A. In other word, you're buying YES on all the team except Team A. Standard LMSR again.
Hope that helps, otherwise I'm happy to explain more later.
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0 sats \ 6 replies \ @noknees 4h
We have a standard LMSR, no deviations of any kind. I will answer in details tomorrow.
OK, thanks!
Is the liquidity fixed or dynamic based on the market type?
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15 sats \ 5 replies \ @mega_dreamer 4h
Normally its fixed till end of market. Some exception in edge case. But treat is as fixed.
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0 sats \ 4 replies \ @noknees 4h
I mean, is it the same for all the markets, 100k sats? Sorry for disturbing you so much
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15 sats \ 3 replies \ @mega_dreamer 4h
No - it's different for every market. This one is 30k.
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101 sats \ 2 replies \ @noknees 4h
Oh ok thank you!
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15 sats \ 1 reply \ @mega_dreamer 4h
in our next release we'll publish b as "Liquidity" publicly. So that you'll get an idea. Just leave b as variable.
Also when we create a market, the liquidity provider gets proportional shares. For ex: When we created "TatumTurnup joins Bitcoin treasury board in 2025?", it was created with 30k sats liquidity, that means the liq provider (myself) got 30k shares of each YES and NO.
here mega_dreamer got 30k of YES and NO.
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