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 Looks like liquidity mining on Obyte gets traction. Around 3000 GB have been already locked. I deposited half of bought IUSD, obtained in return OUSD and added remaining IUSD and those OUSD into liquidity pool; already have been rewarded two times with Gbyte for providing liquidity. Is this a good tactic to get the profit from my initially bought IUSD? Yes, interest token vs. stablecoin pools (IUSD-OUSD, IBIT-OBIT, IAU-OAU, OGB-IGB) and GBYTE-OGB pool are safest for liquidity providers in terms of profitability and currently they are weighted the same as all the other pools for the distribution. If you want to have the highest APY then you should also compound, which means that you mint new tokens with the rewarded GBYTE and add these new tokens to distribution too.
Looks like liquidity mining on Obyte gets traction. Around 3000 GB have been already locked. I deposited half of bought IUSD, obtained in return OUSD and added remaining IUSD and those OUSD into liquidity pool; already have been rewarded two times with Gbyte for providing liquidity. Is this a good tactic to get the profit from my initially bought IUSD?
OK, but arbitrage bots should also have liquidity to move the price back. Where do they get it from? Users can add liquidity to arbitrage AAs, arbitrage bots just trigger those AAs to do arbitrage trades, all the funds are securely in the AAs. There is community built UI to interact with those AAs. https://angryxx.github.io/arb-aa-ui/ Thanks, I had no idea of that. If I use it and add liquidity directly to AA what I get in return? Why do someones prefer to send their tokens to arbitrage instead of using the "add liquidity" option in Pools interface on oswap? These are 2 different things, most of the arbitrage AAs at the moment are for governance token (GR...) vs reserve asset (GBYTE). There are only 3 arbitrage AAs for IUSD/OUSD, IBIT/OBIT, IAU/OAU, which arbitrage the pools with same assets on Oswap.io Basically, if somebody takes the pool off-balance on Oswap.io then somebody can profit from it by fixing the balance, easiest if it's done with arbitrage AA and bot. Currently, there is more incentives to be a Oswap.io liquidity provider because there is distribution for that, but there is no distribution for those who provide liquidity to arbitrage AAs. But there is less point to provide liquidity on Oswap.io to something as volatile as governance tokens and governance tokens can be traded (buy and redeem) on ostable.org too. OK, but arbitrage bots should also have liquidity to move the price back. Where do they get it from? Users can add liquidity to arbitrage AAs, arbitrage bots just trigger those AAs to do arbitrage trades, all the funds are securely in the AAs. There is community built UI to interact with those AAs. https://angryxx.github.io/arb-aa-ui/ Thanks, I had no idea of that. If I use it and add liquidity directly to AA what I get in return? Why do someones prefer to send their tokens to arbitrage instead of using the "add liquidity" option in Pools interface on oswap? Oswap.io trading pools got just added to this community built chart tool https://angryxx.github.io/ostable-stats/ There have been some trades, but mostly on OUSD/IUSD (4th liquid pair) Wow, thanks, very useful and I have bookmarked it. I noticed that starting from middle of October the rate OUSD/IUSD stays the same (~1). Why is that? IUSD yields interest while OUSD doesn't do that. So I thought OUSD/IUSD should be steadily decreasing. It's slightly below $1 and it's on Oswap.io market pair, which price is not algorithmic like ostable.org price is, but depends on how people trade it. From time to time, arbitrage bots try to move the price back where it should be, if somebody moves it off balance with their swap trade. OK, but arbitrage bots should also have liquidity to move the price back. Where do they get it from? Users can add liquidity to arbitrage AAs, arbitrage bots just trigger those AAs to do arbitrage trades, all the funds are securely in the AAs. There is community built UI to interact with those AAs. https://angryxx.github.io/arb-aa-ui/ Oswap.io trading pools got just added to this community built chart tool https://angryxx.github.io/ostable-stats/ There have been some trades, but mostly on OUSD/IUSD (4th liquid pair) Wow, thanks, very useful and I have bookmarked it. I noticed that starting from middle of October the rate OUSD/IUSD stays the same (~1). Why is that? IUSD yields interest while OUSD doesn't do that. So I thought OUSD/IUSD should be steadily decreasing. It's slightly below $1 and it's on Oswap.io market pair, which price is not algorithmic like ostable.org price is, but depends on how people trade it. From time to time, arbitrage bots try to move the price back where it should be, if somebody moves it off balance with their swap trade. OK, but arbitrage bots should also have liquidity to move the price back. Where do they get it from? BTW, yesterday was the first round of reward distribution for liquidity providers and I'm very pleased with Gbytes received by my wallet. The second round is scheduled for Wednesday next week. Oswap.io trading pools got just added to this community built chart tool https://angryxx.github.io/ostable-stats/ There have been some trades, but mostly on OUSD/IUSD (4th liquid pair) Wow, thanks, very useful and I have bookmarked it. I noticed that starting from middle of October the rate OUSD/IUSD stays the same (~1). Why is that? IUSD yields interest while OUSD doesn't do that. So I thought OUSD/IUSD should be steadily decreasing. It's slightly below $1 and it's on Oswap.io market pair, which price is not algorithmic like ostable.org price is, but depends on how people trade it. From time to time, arbitrage bots try to move the price back where it should be, if somebody moves it off balance with their swap trade. Even on ostable.org the price can be volatile (depending on GBYTE/USD price), but in long run, less and less IUSD is needed to get 1 OUSD, it's just not very visible yet since not much time has passed https://ostable.org/trade/26XAPPPTTYRIOSYNCUV3NS2H57X5LZLJ#charts Oswap.io trading pools got just added to this community built chart tool https://angryxx.github.io/ostable-stats/ There have been some trades, but mostly on OUSD/IUSD (4th liquid pair) Wow, thanks, very useful and I have bookmarked it. I noticed that starting from middle of October the rate OUSD/IUSD stays the same (~1). Why is that? IUSD yields interest while OUSD doesn't do that. So I thought OUSD/IUSD should be steadily decreasing.  if you are asking whether the 100GB rewards increases automatically as more people join then the answer is no, it is manually reviewed when it needs to be decrease or increased. Yes, that’s exactly what I asked of. The main point of the distribution is to get people to add liquidity, so others can start to trade. Once others can start to trade, liquidity providers start to earn from swap fees and they won't need that kind of distribution anymore. It's kind of like blockchain mining rewards - in the beginning, mining rewards come largely from block rewards, but as time goes on, more and more rewards start to come from transaction fees. It's amain nice intention but it seems it doesn't work yet. The liquidity in every pools is growing day by day but there are almost no visible trades. Is there any statistics for pools on trades? What if after the last distribution round everyone will remove his liquidity from the pools? Oswap.io trading pools got just added to this community built chart tool https://angryxx.github.io/ostable-stats/ There have been some trades, but mostly on OUSD/IUSD (4th liquid pair) and OUSD/GBYTE (most liquid pair) pools. I doubt everybody will remove liquidity, some were providing liquidity even before distribution and many where holding GBYTE for long time and had no use for it - now it earns interest as some interest coin and earns fees from providing liquidity and earns reward from distribution. Doesn't make sense for them to switch it back to GBYTE if the interest coin still earns them more value. And even if you remove liquidity from pools, you get your share of both tokens, not what you put in originally, so you would still need to dump them somewhere, so where do you dump them if you remove the liquidity? Some people always manage to loose their keys during any period of time, so i can happen that these pools never become entirely empty. if you are asking whether the 100GB rewards increases automatically as more people join then the answer is no, it is manually reviewed when it needs to be decrease or increased. Yes, that’s exactly what I asked of. The main point of the distribution is to get people to add liquidity, so others can start to trade. Once others can start to trade, liquidity providers start to earn from swap fees and they won't need that kind of distribution anymore. It's kind of like blockchain mining rewards - in the beginning, mining rewards come largely from block rewards, but as time goes on, more and more rewards start to come from transaction fees. It's amain nice intention but it seems it doesn't work yet. The liquidity in every pools is growing day by day but there are almost no visible trades. Is there any statistics for pools on trades? What if after the last distribution round everyone will remove his liquidity from the pools? To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools. 100 GB per week will be distributed to liquidity providers. https://medium.com/obyte/liquidity-mining-8cce2bf3722e Four days left for the first distribution and the pressure is escalated, I see more that more than 2000 GB worth LP tokens have been already locked. The pool assets from new users are of little benefit for those (me including)who have already locked their tokens. Is there dependence of the fund allocated for particular distribution round on the total value locked? Not 100% sure what you are asking, but if you are asking whether the 100GB rewards increases automatically as more people join then the answer is no, it is manually reviewed when it needs to be decrease or increased. If you are asking whether the everyone's reward gets smaller when more people join then the answer is yes because 100GB needs to be distributed among more people. Unless, it gets decided to increase the 100GB reward. The main point of the distribution is to get people to add liquidity, so others can start to trade. Once others can start to trade, liquidity providers start to earn from swap fees and they won't need that kind of distribution anymore. It's kind of like blockchain mining rewards - in the beginning, mining rewards come largely from block rewards, but as time goes on, more and more rewards start to come from transaction fees. To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools. 100 GB per week will be distributed to liquidity providers. https://medium.com/obyte/liquidity-mining-8cce2bf3722e Four days left for the first distribution and the pressure is escalated, I see more that more than 2000 GB worth LP tokens have been already locked. The pool assets from new users are of little benefit for those (me including)who have already locked their tokens. Is there dependence of the fund allocated for particular distribution round on the total value locked? To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools. 100 GB per week will be distributed to liquidity providers. https://medium.com/obyte/liquidity-mining-8cce2bf3722e but if the something moves the price off-peg more than 2% any direction and nobody fixes the peg in 2 hours then 10% can be moved from Slow Capacitor to Fast Capacitor, so somebody could get the reward to fix the price. Thanks for full answer. If I understood it in the correct way that "Click to move" button in "Capacitor" section of ostable's Trade will be in active state in only one case i.e.when the price is more than 2% of the peg. Under any other circumstance it will stay "gray". Is that correct? Yes, if it's been over 2% off-peg for 2 hours. If during 2 hours, somebody moves the peg back below 2% then the timer starts counting 2 hours again. Also, if the capacity was moved from slow to fast, but the peg was not fixed back to below 2% then the timer won't start again until it's gone below 2%. I think there are some bots who move the capacity automatically when they can and on Discord, there is a post about arbitrage AA addresses that anybody can send funds, so it would trade for you (it will give pool share tokens if you send governance tokens or GBYTE to them) https://discordapp.com/channels/534371689996222485/535091748012032033/759197572253745193 but if the something moves the price off-peg more than 2% any direction and nobody fixes the peg in 2 hours then 10% can be moved from Slow Capacitor to Fast Capacitor, so somebody could get the reward to fix the price. Thanks for full answer. If I understood it in the correct way that "Click to move" button in "Capacitor" section of ostable's Trade will be in active state in only one case i.e.when the price is more than 2% of the peg. Under any other circumstance it will stay "gray". Is that correct? ~ Could you elaborate a bit more the functionality of capacitors on ostable. Who is eligible to move the capacity from slow to fast pool to fix the price to the peg and how calculate the reward for this? "Click to move" button on Capacitors section of ostable's Trade is in deactivated state all the time when I watch it. https://twitter.com/tarmo888/status/1309141133457608707 I have explained Capacitors in Twitter thread, but basically - every time somebody moves the price off-peg, they need to pay fees. 50% of these fees go to Slow Capacitor and 50% go to Fast Capacitors. When somebody fixes the peg by buying more/less interest tokens than governance tokens or redeeming one or the other, they will get the reward from Fast Capacitor. If they fully fix the peg then they get all that is in Fast Capacitor. Now, price can go off-peg because the oracle result too, so it's not always because somebody bought or sold something too much, so in many cases, the Fast Capacitor could be even empty, but if the something moves the price off-peg more than 2% any direction and nobody fixes the peg in 2 hours then 10% can be moved from Slow Capacitor to Fast Capacitor, so somebody could get the reward to fix the price. All these variables like 50%, 2 hours, 2%, 10% can also be changed by voting with governance tokens. ~ Could you elaborate a bit more the functionality of capacitors on ostable. Who is eligible to move the capacity from slow to fast pool to fix the price to the peg and how calculate the reward for this? "Click to move" button on Capacitors section of ostable's Trade is in deactivated state all the time when I watch it. Jump to:
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