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100 sats \ 8 replies \ @siggy47 OP 14 Feb \ parent \ on: Currencies Used On Robosats bitcoin
I am not a coder at all, and I wasn't going to mention this because I don't know how difficult it would be, but I think it would really help liquidity to have some sort of open source trading aid that can be used by anyone who wants to be a market maker on p2p platforms. It would help set prices to generate a target profit, considering fees, market premium, etc. Then people would be incentivized to provide liquidity. It would be almost like open source prop trading software.
We can plot the bid/asks to an extent, and the premiums too.
This is what the orderbook json contains for each order (with a couple optional fields we can deal with):
{
"id": 31829,
"created_at": "2025-02-13T10:08:07.472893Z",
"expires_at": "2025-02-14T01:08:07.472893Z", <--- can check what doesn't expire
"type": 0, <-- 0 = buy, 1 = sell
"currency": 2, <--- see frontend/static/assets/currencies.json
"amount": null,
"has_range": true,
"min_amount": "500.00000000", <--- could use this for liquidity estimates
"max_amount": "1840.00000000", <--- could use this for liquidity estimates too
"payment_method": "Revolut", <-- looks to be freeform-ish, not sure how useful
"is_explicit": false,
"premium": "0.51", <--- looks good for everything I looked at thus far, except XAU
"satoshis": null,
"maker": 1234,
"escrow_duration": 28800, <--- may be interesting to measure over time
"bond_size": "3.00", <--- interesting
"latitude": null, <--- hopefully NO ONE USES THIS
"longitude": null, <--- hopefully NO ONE USES THIS EITHER
"maker_nick": "xxxxx", <--- i'd strip this
"maker_hash_id": "1234567890abcdef...", <--- i'd strip this too
"satoshis_now": 1994359, <--- i need to reverse engineer wtf this is
"price": 92260, <--- this is a bid price (because type=0)
"maker_status": "Inactive" <--- interesting too?
},
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Wow! That's terrific. I can't wait to see it in action.
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Very cool! I can't wait to see more.
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Wow! Now you're talking. I'm going to share the link with guys in my meetup tonight.