RE: Proposal for SBD Liquidity Provision and Market Making (MM) Bot Development for the STEEM Ecosystem

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Proposal for SBD Liquidity Provision and Market Making (MM) Bot Development for the STEEM Ecosystem

in proposal •  10 days ago 

I think the 100 SBD per day forever, is much too high. I like the idea of stake holders building things to increase the value of their stake. That being said I do think developers should get paid for the work they do, and in this case I think a one time development fee and then a minimal maintenance fee going forward is much more reasonable.

Also, I think it will be interesting to see how the market responds when HTX is the only exchange in town. There is the ability for profit for users to arbitrage the internal market without having to use DAO funds to set up a liquidity system. I would much prefer the market to fix things than we pay to have someone do it for us.

Also also, I liked your idea of creating a steem exchange (DEX) much more than this proposal. :)

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SPS can be stopped at any time and the first SPS will probably last for 6 months to a year.
As I said on the Witness channel, we need to update the system in stages.
First, there will be liquidity provision, then DEX, Swap system, etc.
And all of this will probably happen after we successfully carry out SPS.