DEX Market Making Contest
DEX Market Making Contest
Permie
The BitShares DEX is running a Market Making Contest!
Up to 60,000 bts are available to be won per day.
BTS / [gateways].BTC
BTS / [gateways].USDT
(30,000 BTS daily reward pool for each market)
DEXBot can be used to participate with any of the DEXBot strategies.
Setup a BitShares account to get started, you may wish to use DEXBot's referral link here: https://wallet.bitshares.org/?r=dexbot-worker-escrow
Relative Orders for two opposing orders around the market price.
Staggered Orders for a range of orders up and down the orderbook that can capture price movements.
Or King Of The Hill to always place the highest bid or lowest ask on the BTC or USDT markets in the contest. Contest rewards favour orders closest to the market price.
Details
For each market, 98% of total reward will go to BTS buyers and the rest will go to BTS sellers.
(Note: The committee will have the right to update the percentages as the contest progresses. Updates will be announced in advance.)
After each block is produced, a snapshot of the order book will be captured. Every order on the markets will be scored.
The orders whose size is smaller than 100 BTS will be ignored when calculating.
Get the lowest ask price (LAP) and highest bid price (HBP) of the remaining order book.
Join the t.me/DEXBotbts or the github.com/codaone/dexbot/wiki for assistance installing DEXBot
And the BitShares telegram channels to discuss the contest:
t.me/btsMarketMakers
t.me/BitSharesDEX
t.me/BitShares_Traders
t.me/bitshares_community
Good Luck!
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