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RE: I am being attacked on liquidity provider points...

in #hack8 years ago (edited)

I think liquidity rewards should be capped. Maybe set some hard % limits on rewards for example.

100 Steem volume = 0.1%
200 Steem volume = 0.2%

etc etc with a max cap of 3%

This would incentivize whale users while also avoiding the "winner" takes all mindset of current reward scheme.

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I posted solutions to the problem: https://steemit.com/trading/@jl777/steem-dollars-discount-why-is-it-always-below-open-market-price

abit confirms he would stop if he had to provide realtime pegged spreads to earn points

Or decrease the cap to 5 min, however give it a very small reward and increase the reward with time. Something needs to be done

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