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BitBotFactory / MikaLendingBot

Automated lending on Cryptocurrency exchanges Poloniex and Bitfinex
http://poloniexlendingbot.readthedocs.io/en/latest/index.html
MIT License
1.11k stars 344 forks source link

Feature Request - Leave coins in 'My Balance' if min lend rate not reached #46

Closed AlexMinty closed 7 years ago

AlexMinty commented 8 years ago

Rather than have our coins siting in the lending ledger at the max rate, leave them in 'My Balance' section. This would deflate the ledger, and lower the server hit on poloniex adding and removing coins ever XX seconds. Deflating the lending ledger could entice margin traders to borrow at higher rates instead of waiting for everything to continue getting lower and lower.

At the moment I have coins being added and removed every 60 seconds at .19%

Instead the lendingbot could wait until a users minimum lending rate is reached and then the coins would be added to the lending ledger. A % threshold could be added to catch an uptrend.

10% threshold example at 0.1% min lend rate:

when lending rate reaches 0.09% lending bot will start adding coins to be lent out at .1% and up.

Mikadily commented 8 years ago

I know the code is not optimal and it was done this way because it was easier to code. But it's robust. "lower the server hit" is not our objective, if it would be really a problem for Poloniex they would introduce a request limit.

Other than that I like the idea of hidden coins. Kind of like phantom orders in trading. We could mess with borrowers a bit :) I'll think about it.

AlexMinty commented 8 years ago

Other than that I like the idea of hidden coins. Kind of like phantom orders in trading.

This is where I got the idea from. Thanks for the consideration! :)

rnevet commented 8 years ago

The latest update I suggested "Dynamically increase limit of returnLoanOrders request" https://github.com/Mikadily/poloniexlendingbot/pull/48 changes the situation a bit, now if the ledger is full the bot will make the offers at minLendingRate and not maxLendingRate.

We can still think about the idea of "phantom orders" and not place minLendingRate orders when realistically they only bloat the ledger - but we need a better specification, it's not only an issue of percentage "10% threshold example at 0.1% min lend rate" but also quantity - since the 10% can be with very small amount of coins or can be a huge wall.

AlexMinty commented 8 years ago

Awesome on the quick turnaround, haven't had a chance to try it out yet as I'm traveling for the next few days. Will be interesting to see the effect on rates once the majority of users move to it.