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202 sats \ 2 replies \ @Undisciplined 8 Sep \ on: New Sports Markets on Predyx with a Central Limit Order Book Stacker_Stocks

The low trading volume and added complexity makes these markets tough.

Leaving standing orders isn't very attractive for a few reasons:

  1. I have to lock up my sats indefinitely, with no assurance of ever getting any shares.
  2. Leaving an order open indefinitely exposes you to buying at bad future odds, should events occur that change the likelihoods.
  3. Now I have to manage both open orders and held shares across many markets. It's a lot to keep track of and makes the experience tedious.

I'd recommend trying out a hybrid model, where limit orders can be placed in markets that have an underlying low liquidity market maker.

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391 sats \ 1 reply \ @Team_Predyx OP 16 Sep

Thank you.

We understand all these trade-offs. However this is mostly due to the link w trading volume, or less traders participation.

We just implemented it to be future ready. We already have hybrid model, we tested it earlier but it is not as efficient as either of LMSR and CLOB.

In future we will rollout liquidity farming to solve the issue of low liquidity on CLOB.

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1 sat \ 0 replies \ @Undisciplined 16 Sep

I think there are some different UI choices that might be more appealing to general (i.e. non-trader) users.

For instance, instead of just having people set their limit orders, frame it as "How likely do you think this is?" and "How much are you willing to bet on that?"

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