I've written a lending bot for Bitfinex that places lending offers at a high rate, then gradually lowers them until they're filled. You can specify starting rate, minimum rate, and how fast to lower your rates.
This is intended as a proof of concept alternative to fractional reserve rate (FRR) loans. FRR lending heavily distorts the swap market on Bitfinex. My hope is that Bitfinex will remove the FRR, and implement an on-site version of this bot for lazy lenders (myself included) to use instead.
Git repo: https://github.com/ah3dce/cascadebot
Bitcoin tips: 1Fk1G8yVtXQLC1Eft4r1kS8e3SZyRaFwbM
Requires Python 3 and the requests library: https://pypi.python.org/pypi/requests/
Edit cascadebot.py and fill in the parameters. API key and secret (EDIT: and minimum rates) are required, but the others have reasonable defaults. Once that's done, run the bot with:
This is intended as a proof of concept alternative to fractional reserve rate (FRR) loans. FRR lending heavily distorts the swap market on Bitfinex. My hope is that Bitfinex will remove the FRR, and implement an on-site version of this bot for lazy lenders (myself included) to use instead.
Git repo: https://github.com/ah3dce/cascadebot
Bitcoin tips: 1Fk1G8yVtXQLC1Eft4r1kS8e3SZyRaFwbM
Requires Python 3 and the requests library: https://pypi.python.org/pypi/requests/
Edit cascadebot.py and fill in the parameters. API key and secret (EDIT: and minimum rates) are required, but the others have reasonable defaults. Once that's done, run the bot with:
Code:
python3 cascadebot.py
hey dude it doesn't work