Motivations behind migrating traders (lemm.ee)

submitted 5 months ago by nonamenopast@lemm.ee to c/monero@monero.town

2 comments fedilink hide all child comments

If you look the markets tab of Monero on coingecko, you'll notice many things.

exchanges where the volume is the biggest are the one with users complaining about withdrawals.

Volume + spread (price difference between buy and sell orders on the exchange order-book) is ruling price trackers.

By moving traders on other platforms, we could suppress the price anomalies on paper exchanges where you can't withdraw, they're also probably only used to dump XMR since buying on it is useless because you can't do arbitration.

So yes to me that's the way to mitigate delistings and attracting liquidity on places you can get it to solve the initial liquidity crisis.

Shill tradeogre, nonkyc & bisq. Anywhere the price is tracked by theses centralized oracles.

top 2 comments

sorted by: hot top controversial new old

[-] shortwavesurfer@monero.town 3 points 5 months ago

We should be directing people to Haveno. The more liquidity it has, the more people will use it. And the more people who use it, the more liquidity it will have. It already has over 150 Monero of liquidity at all times.

[-] nonamenopast@lemm.ee 2 points 5 months ago

Ofc haveno instead of bisq. Trades are cheaper, faster and private but still not tracked by theses damn oracles and it's important to show possible arbitration and the liquidity counted in all theses metrics