No funds, No volume
Last week I showed the influance the CELTbot could have when the ETH/BTC pair gets fully funded, and is in combo with the arbitrage bot from thaodehx. Since then funds that were added were being used across the +/- 100 pairings the bot is active on. The funds are now mostly being locked in limit positions until people start trading into the bot.
If possible, Then do
Because the eth/btc pairing is the beating heart of our dear exchange, I added an exception to the logic of CELTbot.
When possible to reduce it's spread, even on low funds, do it. This way when the bot is low on funds the first priority will be to keep eth/btc as tight as possible.
The obvious message stays: the more funding CELTbot gets, the smaller the spreads on COSS will be.
Wallet performance
I've made the time to calculate the amount of eth equivalent value is in the bot, I expected a serious downtrend due to the bear market. We managed to retain 73% ETH equivalent value vs the amount funded.
the calculation is visible in https://docs.google.com/spreadsheets/d/17mZ7iH08_mGIP1IAOOKWD1uqpyqYUKK_3K8dObqvk-g/edit?usp=sharing
If someone has a script to easy compute this, please share.
Roadmap - Goals ahead
At this point I feel like there is little improvement left to be made on the coding side of the bot. The bot relies on funds to effectively improve COSS orderbooks.
One goal left:
- Increase funding for CELTbot
So if you have metamask, get your CELT here: https://celt.dvx.me/
If not, read the guide: https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them
Go forth and spread CELT,
Spielley
Hi,
just saw the CELT website, its actually a Dapp seen we need metamask account to use it.
It made me think that maybe you could get visibility on Dapps listing sites.
Heres some I have noted,
https://www.stateofthedapps.com/
https://dapphub.cointelegraph.com/
https://dappradar.com/
I'm trying to find a couple of idea to get more visibility 👌
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I will look at what i can do about the spread sheet to improve it and simplify your work also. I already have some google scripts for coss :)
I don't have a LOT of time but in my free time.
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I thank you for your input, it is greatly appreciated
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🙂Hi, just wanted to let you know I've created a spreadsheet for the CELT reports and sent you the link via Reddit private messages👌
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