I found something earlier in this thread that suggested I could see the history of my swaps(lending) by clicking BTC after vising my history. That leads to
https://www.bitfinex.com/account/ledger/btc but it does not show any swaps. I clicked "Margin Swaps" to see if it was there, and that page (
https://www.bitfinex.com/account/margin_swaps) shows my closed margin swaps, but
without any indication of how much interest it earned!There's also a bug: the column for # of swaps uses the header "N. of Swap Contracts (of 1 %{curr} each)" in which %{curr} is likely misspelled code (%{cur} ?).
I would like the table to include # of interest periods (hours) and total interest earned, and the fee. To shorten the column headers, I'd recommend abbreviations, a legend, and mouseover-popups. Links to a help page that explained terminology would be nice too. I'm available if you want someone to do that work. I'd do it for free for accolades. It would also be nice if it included open swaps and just left the relevant fields blank.
When I trade on margin, I would expect to have to pay the first hour's interest regardless of how quickly I close it so that I wouldn't have borrowed someone's money for free. Perhaps a better option is to charge one hour's interest when the trade is closed if either A) It has been more than 30 minutes since the last calculation OR B) The swap has not earned any interest yet (and, of course, if both conditions are true, still only ONE extra hour's interest is charged).
I looked over the FRR posts. It seems lots of people don't like the ease with which so many lenders shirk their "responsibility" to choose a rate at which they are willing to lend. Well, they aren't shirking it. They are choosing to use "the average of all fixed-rate swaps, of all terms, weighted by their amount, as displayed" on the BitFinex site. If you want to improve it, break it into several "Variable Rates," VR1, VR2, VR3, etc., each with whatever characteristics might be fun. See what people like. Maybe VRD1, VRD2, VRD7, etc, for FRR's that use average rates over the last N days. Excluding the last hour would discourage whales from gaming it.
I only saw the original question quoted a few time: "How can the FRR be improved?" I submit that the question is too simple. Put some effort into guessing: "If we alter the FRR to exclude or include more data, what extra data do you think could help?" or "The main problem with the FRR seems to be that too many people choose it. We view this as a sign that it is useful, so we're looking for insight as to what bad things happen when too many people use it." I don't have enough experience with swaps to answer any of those questions, and I'm really just guessing at what questions might be useful. But "How to improve" seems too open. I guess I could have read more of this thread to figure out what the main problems were, but I have other stuff to do, and you could have stopped reading earlier :-P.
