Hi Minnowbooster Team -
Do you intend to allow a free market in the SP Delegation Marketplace? Hard coding the interest rates is very Keynesian and Central Bank-esque. Should we tune in to your monetary policy meetings and analyze your notes? :P Why not build out a bid/ask order book?
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
Srsly tho, it'll be a good biz move on your part. Just take a cut like you currently do, which is the minimum that ppl can list for, and then allow the user to retain the rest %-wise.
Thanks for the great product and keep boosting!
-Ashe
The idea is good and we already had that but people got hella confused. So we are currently working on a calculator thing that guides users through specifying the right price.
If you have suggestions about what the best way is to condense tha price into a number that people understand, I am all ears :)
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i think it could be a "probability of getting filled" calculator. Maybe even as easy as red, yellow and green.
Example #1: If you are willing to pay 20-30% APR to borrow 10k SP then your "in the green" and have historically had a high probability to get filled.
Example #2: If you want are willing to pay 7% APR to borrow 500 SP, then you are most likely in the RED and have a below average chance of getting filled.
I'm sure you can see how the other side works for the lenders. I imagine that most ppl who are sophisticated enough to borrow/lend SP will have used an order book on an exchange before.
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Ask them to manually add the amount that they want to borrow/lend and then have a slider for the %APR. An algo could be built to calculate the probability (which gets more accurate over time as the successful offers are filled). As the slider slides, the "amount to pay" or "amount to be paid" will update on screen.
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That is a great idea! I'll think about it a bit more and see what I can do.
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cool. Feel free to reach out. I'm in the MB Discord.
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Yes I agree with you.......
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Interesting proposal! You should get in touch with @reggaemuffin for that idea.
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done. We'll see what he thinks of the feedback. It was just off the top of my head. I've actually been thinking about building out something like Minnowbooster, but only so much time in the day and I've got too many projects going already.
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