CELT update - Let's do an experiment

in celt •  6 years ago 

Back on the dayjob

So, time to give coss some needed attention.
I'm finding it verry frustrating finding the state the coss site/exchange is in, being back after 3 weeks of relaxing and non-dayjobbing. The normal browser interface has a hard time obtaining wallet info, for obtaining which crypto's you have in your wallet. The session has been disconnected several times and my bot just doesn't like it.

Just reboot the exchange! And lets get back to improving this volume!

Just reboot it. What can I say. It's getting frustrating, even for me.

Let's do an experiment!

So the thing is, most funds are tied up in limit orders. And without people actually trading, they will stay there.
Let's focus all remaining funds on a few pairs:
ETH/BTC
XDCE/BTC
and XDCE/ETH

Why that shitcoin? I can hear you think

It's because of the simple fact that reducing the spread to it's absolutely minimum will guarantee bigger profits.
closing the spread to 0 on XDCE/ETH means there is 0.16% diffrence between the bid and ask. => if your fee rate is lower => profit.
It's even bigger for XDCE/BTC where there is +/- 2.7% between each minimum step diffrence atm.

ETH/BTC

It's been said many times eth/btc is the beating heart and at time of writing it's doing a really dissapointing volume of:

So let's try this experiment and see if we can pump it.

Smaller lotsizes? let's try to fix

Atm I'm working on a fix thaodex suggested for lowering the threshold of the minimum lotsizes before the bot gets a rounding error from the coss backend. If we can get this lowered from the 0.1 eth/ position we'll be able to spam smaller amounts to increase our range vs the reserve used. This way the arb bot will be able to pick up more trades.

Wallet performance

Not much has changed since the bot was down for a few days due to the crappy exchange state.

roadmap

same as last post

KOTCH dapp

launch date to main network set at 15th of august!
try the testnet version and get a head start.
join us on discord: https://discord.gg/WXBjqR8
and pre register to get your free village.

Let's make ETH/BTC liquid again!

Thank you guys for sticking with me and COSS, even through these hard times of waiting till coss 2.0 gets here.

buy celt at the portal: https://celt.dvx.me/

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