Ghost orders are the big one rn. Completely fucks the books
Ghost orders are the big one rn. Completely fucks the books
2026-07-11 · Polymarket · 221 条相关讨论
Ghost orders are the big one rn. Completely fucks the books
Ghost orders are the big one rn. Completely fucks the books
Ghost orders Shadow orders What is next afterlife orders?
Ghost orders Shadow orders What is next afterlife orders?
Schrodinger's orders. They're both filled and not filled at the same time<:Bidensmile:1040247925420339251>
Schrodinger's orders. They're both filled and not filled at the same time<:Bidensmile:1040247925420339251>
If polymarket had KYC, we could know where these ghost order dudes lived and pay them a visit
If polymarket had KYC, we could know where these ghost order dudes lived and pay them a visit
Markets are now essentially untradable due to ghost orders. Since last week my fills gradually dropped to zero, I really hope this is top priority for developes atm
Markets are now essentially untradable due to ghost orders. Since last week my fills gradually dropped to zero, I really hope this is top priority for developes atm
"Next week" I heard
"Next week" I heard
I guess we take the weekend off and touch grass
I guess we take the weekend off and touch grass
In my experience, this won't be fixed next week. I don't understand why they don't just turn off the liquidity rewards for now, since they seem to be the root cause. Then we could keep trading while waiting for a long-term fix.
In my experience, this won't be fixed next week. I don't understand why they don't just turn off the liquidity rewards for now, since they seem to be the root cause. Then we could keep trading while waiting for a long-term fix.
Yeah I’m thinking to stop trading since it’s not worth it because of volume and low fill rates
Yeah I’m thinking to stop trading since it’s not worth it because of volume and low fill rates
thank you for the feedback ill relay to team 🫡
thank you for the feedback ill relay to team 🫡
can you send me your wallet address and provide me specific examples to send to eng team?
can you send me your wallet address and provide me specific examples to send to eng team?
where did u hear this next week timeline from
where did u hear this next week timeline from
<@377939843193241600>
<@377939843193241600>
cool thanks
cool thanks
Looking into
Looking into
invisible orders
invisible orders
ghost orders, niche liquidity markets are unusable
ghost orders, niche liquidity markets are unusable
Hi, yes, the engineering team is looking into this issue
Hi, yes, the engineering team is looking into this issue
Have you noticed any other category besides weather markets that is more affected?
Have you noticed any other category besides weather markets that is more affected?
Got it, thanks. Could you share your profile address/username? Keep in mind that neither Polymarket support representatives nor I, or other moderators, will ever DM you first
Got it, thanks. Could you share your profile address/username? Keep in mind that neither Polymarket support representatives nor I, or other moderators, will ever DM you first
quarterly earnings
quarterly earnings
95% of orders I do don't get filled in quarterly earnings, so much liquidity points going to waste
95% of orders I do don't get filled in quarterly earnings, so much liquidity points going to waste
ok, maybe I'll get to 99% of orders, open orders just disappear
ok, maybe I'll get to 99% of orders, open orders just disappear
It's all ghost order book on quarterly earnings markets, they are just farming points it's unbelievable
It's all ghost order book on quarterly earnings markets, they are just farming points it's unbelievable
PLEASE FIX LP EXPLOIT
PLEASE FIX LP EXPLOIT
Can you please add manual lp rewards verification for suspect volume compared to $ rewards please ? It could be a solution 🙏🙏🙏
Can you please add manual lp rewards verification for suspect volume compared to $ rewards please ? It could be a solution 🙏🙏🙏
Bots operate on almost all markets, collecting rewards and canceling orders before execution. It's sad.
Bots operate on almost all markets, collecting rewards and canceling orders before execution. It's sad.
<@930737463163494430>All pending orders have disappeared from the LP liquidity rewards backend, and liquidity rewards have stopped being billed. Please check the cause of the problem as soon as possible.
<@930737463163494430>All pending orders have disappeared from the LP liquidity rewards backend, and liquidity rewards have stopped being billed. Please check the cause of the problem as soon as possible.
can you also lower fees or something like that during time of no rewards?
can you also lower fees or something like that during time of no rewards?
Are you providing liquidity mainly on weather markets?
Are you providing liquidity mainly on weather markets?
If so, please check this out: https://discord.com/channels/710897173927297116/1342332106046570556/1525180007318683648
If so, please check this out: https://discord.com/channels/710897173927297116/1342332106046570556/1525180007318683648
Yes, most of it is the weather market.
Yes, most of it is the weather market.
Rewards are gone
Rewards are gone
Its for gamblers only
Its for gamblers only
I just think this is not a good idea. Weather markets simply have no volume without rewards
I just think this is not a good idea. Weather markets simply have no volume without rewards
I prefer to fight against ghost fills than being unable to trade tbh
I prefer to fight against ghost fills than being unable to trade tbh
In case you figure out the adress count me in. Ill be glad to breach the doors.
In case you figure out the adress count me in. Ill be glad to breach the doors.
The ghost scammers stole money from me about a week ago. So acting fast is really relative, but sure, turning them off before they are sure they can continue with the scammers banned is a good approach.
The ghost scammers stole money from me about a week ago. So acting fast is really relative, but sure, turning them off before they are sure they can continue with the scammers banned is a good approach.
And I am sure I wasnt the first.
And I am sure I wasnt the first.
The best solution would be low rewards, not enough to attract ghosts
The best solution would be low rewards, not enough to attract ghosts
Any rewards amount attracts them? They have the infra in place, doesnt cost them anything to run.
Any rewards amount attracts them? They have the infra in place, doesnt cost them anything to run.
Did something just get patched? Seeing a lot less fake orders
Did something just get patched? Seeing a lot less fake orders
Or did somebody get banned
Or did somebody get banned
Good morning, yes rewards were removed, meaning no more ghost scammers. About two hours ago.
Good morning, yes rewards were removed, meaning no more ghost scammers. About two hours ago.
I don’t think so. Mostly on high reward markets. Low reward markets not affected.
I don’t think so. Mostly on high reward markets. Low reward markets not affected.
Emmys markets still affected bigly
Emmys markets still affected bigly
Whats Emmys?
Whats Emmys?
Like this one for example https://polymarket.com/event/emmys-2026-outstanding-guest-actress-in-a-drama-series
Like this one for example https://polymarket.com/event/emmys-2026-outstanding-guest-actress-in-a-drama-series
Those ghost pullers are like cockroaches. Hope the PM team finds solid exterminator.
Those ghost pullers are like cockroaches. Hope the PM team finds solid exterminator.
Their fathers should have pulled out
Their fathers should have pulled out
They're in elections too, like this one https://polymarket.com/event/az-01-republican-primary-margin-of-victory-20260708152700439
They're in elections too, like this one https://polymarket.com/event/az-01-republican-primary-margin-of-victory-20260708152700439
Just fucking remove all LP
Just fucking remove all LP
<@1272383282687905939> Wait, wouldnt introducing some cancel rate limits just solve the issue? Their cancel frequencies along with timing against fills are very unique fingerprint! I think there should be some way to put the equation to distill the ghost pullers against regular traders without false positives! 💡 💡 💡
<@1272383282687905939> Wait, wouldnt introducing some cancel rate limits just solve the issue? Their cancel frequencies along with timing against fills are very unique fingerprint! I think there should be some way to put the equation to distill the ghost pullers against regular traders without false positives! 💡 💡 💡
Its not so straightfarward, as than they could try to somewhat GTO around it, but still, it would be a significant scambusiness problem they would not be able to fully go around. And this would help not only for the weathermarkets.
Its not so straightfarward, as than they could try to somewhat GTO around it, but still, it would be a significant scambusiness problem they would not be able to fully go around. And this would help not only for the weathermarkets.
Do I need to pull out of all markets with LP?
Do I need to pull out of all markets with LP?
This is getting ridiculous
This is getting ridiculous
Depends on your model. Tbh you can also try to punish them, since you are guaranted they have no clue about the fair price.
Depends on your model. Tbh you can also try to punish them, since you are guaranted they have no clue about the fair price.
But how do you lift their orders
But how do you lift their orders
Hello team, i try to provide liquidity a lot. What one thing i noticed is. You all are aware how fully the bots take control over the lp rewards. And when there is a sudden drop of LP rewards. All the bots who made up the lp, instantly removes it…. If there would be a timer where in how much time, rewards are being downgraded or upgraded….even for a 2mins in advance. It would be very nice….. because the issue is, suddenly whole lot of spread is being made.
Hello team, i try to provide liquidity a lot. What one thing i noticed is. You all are aware how fully the bots take control over the lp rewards. And when there is a sudden drop of LP rewards. All the bots who made up the lp, instantly removes it…. If there would be a timer where in how much time, rewards are being downgraded or upgraded….even for a 2mins in advance. It would be very nice….. because the issue is, suddenly whole lot of spread is being made.
They have a small sizing probe positioned infront of the other orders. So you can always at least hit that, once they get this signal they adjust their prices. You could in theory try to manipulate the price they are offering, but on second thought its not really worth since of the probes small sizings. Maybe some algo.
They have a small sizing probe positioned infront of the other orders. So you can always at least hit that, once they get this signal they adjust their prices. You could in theory try to manipulate the price they are offering, but on second thought its not really worth since of the probes small sizings. Maybe some algo.
Although that would be a fun project, team up on the scammers on some market, manipulate the price for them to be filled on BS mispriced small sizings.
Although that would be a fun project, team up on the scammers on some market, manipulate the price for them to be filled on BS mispriced small sizings.
... naah not worth the time.
... naah not worth the time.
I'd rather take an unpaid position at PM and fix it for good
I'd rather take an unpaid position at PM and fix it for good
What d you think about the idea to introduce cancel rate limits tight to previous fills?
What d you think about the idea to introduce cancel rate limits tight to previous fills?
I did notice that their orders don't dwell on the books for very long. So, only treating orders that rest for more than like 500 ms as trustworthy seems to be a viable band-aid
I did notice that their orders don't dwell on the books for very long. So, only treating orders that rest for more than like 500 ms as trustworthy seems to be a viable band-aid
But damn this sucks
But damn this sucks
Depends on how it's done. I already hit the cancel rate limit pretty regularly and have to cycle between cancel /order and cancel /orders to be viable
Depends on how it's done. I already hit the cancel rate limit pretty regularly and have to cycle between cancel /order and cancel /orders to be viable
Wait can you describe the 500ms a bit more precise?
Wait can you describe the 500ms a bit more precise?
You can see the "flicker" in the books sometimes
You can see the "flicker" in the books sometimes
Yeah same here. But hear me out, this rate limit could be tight to previous "you got filled event"
Yeah same here. But hear me out, this rate limit could be tight to previous "you got filled event"
I built in a dwell function to only treat a bid/ask as takeable if it dwells for more than 500ms
I built in a dwell function to only treat a bid/ask as takeable if it dwells for more than 500ms
Which is their unique signature of their scam idea. They put their probe which gets filles, which gives them fast info the pricetime is being eaten (along with info of the sizing) and they are fast enough to cancel.
Which is their unique signature of their scam idea. They put their probe which gets filles, which gives them fast info the pricetime is being eaten (along with info of the sizing) and they are fast enough to cancel.
I am sure that the frequency of canceling RIGHT AFTER getting filled, is very unique to them.
I am sure that the frequency of canceling RIGHT AFTER getting filled, is very unique to them.
It could even be your account can do it a couple of times per day, to avoid anomalous false positives.
It could even be your account can do it a couple of times per day, to avoid anomalous false positives.
I hate it
I hate it
But than once that happens for your account for 10th time of the day, you are a crystal clear ghost puller.
But than once that happens for your account for 10th time of the day, you are a crystal clear ghost puller.
I hate all this
I hate all this
We shouldn't need to do this
We shouldn't need to do this
Intersting, maybe we are experiencing different scammer variation.
Intersting, maybe we are experiencing different scammer variation.
The cockroach kind that I met was definitelly not flickering, they were sitting as fair price unaware ducks for hours.
The cockroach kind that I met was definitelly not flickering, they were sitting as fair price unaware ducks for hours.
But the flickering I know exactly what you mean
But the flickering I know exactly what you mean
You didn't observe flickers via the market ws channel?
You didn't observe flickers via the market ws channel?
This is so that they reposition them on the price time to not be first
This is so that they reposition them on the price time to not be first
The price change ws event pings you when there's sizing changes
The price change ws event pings you when there's sizing changes
brb
brb
Yeah the flickering is std, I am just saying that they I know the ghosts sit there for hours.
Yeah the flickering is std, I am just saying that they I know the ghosts sit there for hours.
Not 500ms and gone forever.
Not 500ms and gone forever.
This just shows to what bizare level it got
This just shows to what bizare level it got
MMs having takeable /untakable enum for resting orders
MMs having takeable /untakable enum for resting orders
LP Rewards accumulating well below what they should
LP Rewards accumulating well below what they should
The game is getting unplayable
The game is getting unplayable
Dont worry, they stopped the rewards because of this. They fixed the ghost v1.0, theyll fix ghosts v2.0.
Dont worry, they stopped the rewards because of this. They fixed the ghost v1.0, theyll fix ghosts v2.0.
The problem is ghosts v3.0 are likely. So yeah maybe do worry. 😄
The problem is ghosts v3.0 are likely. So yeah maybe do worry. 😄
Yes, this is something the team is aware of and have on their radar.
Yes, this is something the team is aware of and have on their radar.
Is there any issue with the lp % reward?? For past 3 mins i am not getting lp in a market i have placed the bids and blue circle is lit
Is there any issue with the lp % reward?? For past 3 mins i am not getting lp in a market i have placed the bids and blue circle is lit
how to exploit it? i see no way to fight it. polymarket team already aware but they are helpless.
how to exploit it? i see no way to fight it. polymarket team already aware but they are helpless.
Iran military action, and vct 2026 china stage 2 win totals….. and also rewards are not increasing…. Is there any kind of maintenance or something going on?
Iran military action, and vct 2026 china stage 2 win totals….. and also rewards are not increasing…. Is there any kind of maintenance or something going on?
Im not getting the rewards i should anynone else
Im not getting the rewards i should anynone else
Im not getting the rewards i should anynone else
Im not getting the rewards i should anynone else
yeah no rewards. please fix it
yeah no rewards. please fix it
I think I cracked it
I think I cracked it
I'm about to select this guy so adversely
I'm about to select this guy so adversely
Rewards were quite off yesterday for myself and it seems others please look into it
Rewards were quite off yesterday for myself and it seems others please look into it
Why's there no liquidity in the market today
Why's there no liquidity in the market today
Hey, you mean weather markets?
Hey, you mean weather markets?
Ghost fills are gone. I can’t see any. Now we need to start trading as traders 😆
Ghost fills are gone. I can’t see any. Now we need to start trading as traders 😆
Yes
Yes
https://discord.com/channels/710897173927297116/1342332106046570556/1525180007318683648
https://discord.com/channels/710897173927297116/1342332106046570556/1525180007318683648
I couldn't find any information about liquidity rewards for the temperature market - has that been canceled?
I couldn't find any information about liquidity rewards for the temperature market - has that been canceled?
LP rewards on weather markets are temporarily paused
LP rewards on weather markets are temporarily paused
LP Rewards switched off and now we have no ghost fills and no liquidity. 100$ move market on +-10%
LP Rewards switched off and now we have no ghost fills and no liquidity. 100$ move market on +-10%
Let’s see intra-day.
Let’s see intra-day.
At least I can buy and sell now
At least I can buy and sell now
New day, new incredibly good rewards farmers (most accounts were created in Jul 2026)! $7k in rewards were farmed yesterday with < $1k in volume.
New day, new incredibly good rewards farmers (most accounts were created in Jul 2026)! $7k in rewards were farmed yesterday with < $1k in volume.
没有流动性 实际上更糟糕 完全交易不了
I think the ghost orders for LP farming are getting information from Polymarket somehow. I was just testing, as one was constantly being placed below one of mine. I placed a sell that would have crossed the book, but at the moment I clicked sell, the ghost order magically disappeared. My order is blocked from crossing the book, so I don't see what other information they could have that would let them move their order
I think the ghost orders for LP farming are getting information from Polymarket somehow. I was just testing, as one was constantly being placed below one of mine. I placed a sell that would have crossed the book, but at the moment I clicked sell, the ghost order magically disappeared. My order is blocked from crossing the book, so I don't see what other information they could have that would let them move their order
they put up 520 share buys in certain lower vol markets, 20 shares are real 500 are fake and its impossible to compete with
they put up 520 share buys in certain lower vol markets, 20 shares are real 500 are fake and its impossible to compete with
Is it possible for ghosts to never be completely fixed?
Is it possible for ghosts to never be completely fixed?
You are giving >$7K/day to obvious abusers (likely ghost orders providers). For half of your daily losses I can prepare a system for you to detect those guys BEFORE you send rewards to fake order providers. Can be done in 1-2 days
You are giving >$7K/day to obvious abusers (likely ghost orders providers). For half of your daily losses I can prepare a system for you to detect those guys BEFORE you send rewards to fake order providers. Can be done in 1-2 days
in this video you can see an order at 26 cents which I know is a ghost order, but I have an order just below it, so I click to buy up to 26 cents. Once I click buy, the person who has ghost orders for lp farming knows and it gets removed but my order fails with the reason 'not allowed to cross the book. which i understand is just testing this ' My question is: how does the person know I'm attempting to place an order where are they getting that information ? I can replicate this issue on the main site also
in this video you can see an order at 26 cents which I know is a ghost order, but I have an order just below it, so I click to buy up to 26 cents. Once I click buy, the person who has ghost orders for lp farming knows and it gets removed but my order fails with the reason 'not allowed to cross the book. which i understand is just testing this ' My question is: how does the person know I'm attempting to place an order where are they getting that information ? I can replicate this issue on the main site also
<@1356604771208790198> For context, this guy earned 867 in rewards one day ago, And $870 in rewards six hours ago, And the last volume he put on the platform was four days ago. 3 days ago, presumably for the volume accrued 4 days ago, He got $2K rewards... Proceeded to not put in anymore volume to date and still made another ~ $2K LP rewards somehow
<@1356604771208790198> For context, this guy earned 867 in rewards one day ago, And $870 in rewards six hours ago, And the last volume he put on the platform was four days ago. 3 days ago, presumably for the volume accrued 4 days ago, He got $2K rewards... Proceeded to not put in anymore volume to date and still made another ~ $2K LP rewards somehow
Will look into tmr
Will look into tmr
Why weather markets do not have any rewards for liquidity?
Why weather markets do not have any rewards for liquidity?
what happened to LP rewards on these markets?
what happened to LP rewards on these markets?
hello <@930737463163494430> i noticed LP rewards for a lot of markets were turned off yesterday. what happened?
hello <@930737463163494430> i noticed LP rewards for a lot of markets were turned off yesterday. what happened?
They have paused rewards, untill they fix the issue with ghost pullers, who are scamming the reward system. Check market updates thread and also if you read through yesterdays msgs. The scammers basically corrupted trading for everybody, you would see 1000 shares in OB and only a tiny fraction would be actualy takeable with market order.
They have paused rewards, untill they fix the issue with ghost pullers, who are scamming the reward system. Check market updates thread and also if you read through yesterdays msgs. The scammers basically corrupted trading for everybody, you would see 1000 shares in OB and only a tiny fraction would be actualy takeable with market order.
oh ok thanks. can you please explain how they did it. not sure i can scroll through 100s of messages. thanks. and also is it something fixable? and why only weather markets? couldn’t the scammers target anyone?
oh ok thanks. can you please explain how they did it. not sure i can scroll through 100s of messages. thanks. and also is it something fixable? and why only weather markets? couldn’t the scammers target anyone?
but if you remove rewards. liquidity drops and no one wins? if the spread is >20c what is the point?
but if you remove rewards. liquidity drops and no one wins? if the spread is >20c what is the point?
without lp there are no market makers and without market makers, polymarket can’t work.
without lp there are no market makers and without market makers, polymarket can’t work.
but liquidity will dry up. don’t you guys understand that?
but liquidity will dry up. don’t you guys understand that?
exactly
exactly
the same thing you guys are complaining about happens on every high volume market unfortunately. the fix isn’t really removing lp rewards. cause once the bots/market makers are gone no one can make money. put $100 and the entire market shifts
the same thing you guys are complaining about happens on every high volume market unfortunately. the fix isn’t really removing lp rewards. cause once the bots/market makers are gone no one can make money. put $100 and the entire market shifts
these were markets that had lp rewards before. new markets won’t have rewards hence volume will not enter
these were markets that had lp rewards before. new markets won’t have rewards hence volume will not enter
Are LP farmers active during peak hours?
Are LP farmers active during peak hours?
This is the market today with no reward
This is the market today with no reward
when the market was initially opened it had rewards so i mean markets that opened after rewards were removed
when the market was initially opened it had rewards so i mean markets that opened after rewards were removed
If you have solution for ghost fills, LP can be added back
If you have solution for ghost fills, LP can be added back
If you don’t, nobody is going to trade with canceled orders
If you don’t, nobody is going to trade with canceled orders
ok. but the same thing happens on crypto 5 min markets even without LP so.
ok. but the same thing happens on crypto 5 min markets even without LP so.
That’s because it’s very volatile market and they can use that in their favor.
That’s because it’s very volatile market and they can use that in their favor.
yh i understand. not disagreeing with you on the scammers just trying to show you this will what will happen. and no one benefits:
yh i understand. not disagreeing with you on the scammers just trying to show you this will what will happen. and no one benefits:
markets created after lp rewards were removed
markets created after lp rewards were removed
You’re right. But the spread was bad during peak hours because LP bot’s remove the orders. It’s good for preday buyers.
You’re right. But the spread was bad during peak hours because LP bot’s remove the orders. It’s good for preday buyers.
I agree that there should have been some rewards at least. Maybe not enough to attract ghost fillers.
I agree that there should have been some rewards at least. Maybe not enough to attract ghost fillers.
It's a temporary measure
It's a temporary measure
I don't know how, but someone is farming a huge amount of rewards without having orders on the orderbook. Because if I'm getting 6% instead of 100%, someone is getting 94%.
I don't know how, but someone is farming a huge amount of rewards without having orders on the orderbook. Because if I'm getting 6% instead of 100%, someone is getting 94%.
Shadows orders
Shadows orders
THESE GHOST FILLS 😤 😤 😤
THESE GHOST FILLS 😤 😤 😤
Why don't you ban these guys who are placing ghost orders?
Why don't you ban these guys who are placing ghost orders?
It would take 5 minutes
It would take 5 minutes
<#775426364600877097>
<#775426364600877097>
I'm sure some of them are getting banned
I'm sure some of them are getting banned
Why don't you ban the accounts which place ghost orders?
Why don't you ban the accounts which place ghost orders?
This issue will be addressed soon directly
This issue will be addressed soon directly
poly doesnt ban accounts
poly doesnt ban accounts
The market has turned extremely dismal now that liquidity rewards are gone. Fixing ghost orders should be our top priority. Bad actors must not be allowed to exploit loopholes to earn risk-free rewards, which prevents genuine traders from conducting normal transactions.
The market has turned extremely dismal now that liquidity rewards are gone. Fixing ghost orders should be our top priority. Bad actors must not be allowed to exploit loopholes to earn risk-free rewards, which prevents genuine traders from conducting normal transactions.
The weather prediction markets have turned extremely bleak ever since liquidity rewards were scrapped
The weather prediction markets have turned extremely bleak ever since liquidity rewards were scrapped
Why I am not getting 100% of liquidity rewards if I'm the only one with the orders? (it's not a UI or refreshing problem)
Why I am not getting 100% of liquidity rewards if I'm the only one with the orders? (it's not a UI or refreshing problem)
They just need to fix it and ill pump it again. Youre getting fucked by burner wallets placing ghost orders and stealing our LP rewards. They know, unsure if they take it serious or not, all im getting is - we'll have a look
They just need to fix it and ill pump it again. Youre getting fucked by burner wallets placing ghost orders and stealing our LP rewards. They know, unsure if they take it serious or not, all im getting is - we'll have a look
where do i check my liquidity reward position ? i dont see any open position. i provided liquidity on quartefinals which is now over but im yet to get rewarded
where do i check my liquidity reward position ? i dont see any open position. i provided liquidity on quartefinals which is now over but im yet to get rewarded
The rewards will likey be back, but I'm guessing "fixing" or at least solving the issue behind the actors taking sole advantage of the rewards is what's on the priority list before rewards return.
The rewards will likey be back, but I'm guessing "fixing" or at least solving the issue behind the actors taking sole advantage of the rewards is what's on the priority list before rewards return.
it has been a problem since half a year almost now right?
it has been a problem since half a year almost now right?
ghost orders yes, but not in LP like recently. Started a few weeks ago, since two days ago they got really brave and managed to steal large pools without getting filled, which is impossible if youre not manipulating or exploiting
ghost orders yes, but not in LP like recently. Started a few weeks ago, since two days ago they got really brave and managed to steal large pools without getting filled, which is impossible if youre not manipulating or exploiting
yes, 99% of my take orders don't get executed, their open orders just dissapear
yes, 99% of my take orders don't get executed, their open orders just dissapear
Jupp, hopefully they will fix it asap, im imagining theyre seeing a lot of people, including myself, pulling liquidity untill its fixed.
Jupp, hopefully they will fix it asap, im imagining theyre seeing a lot of people, including myself, pulling liquidity untill its fixed.
Isn't rewards depend order lifetime in orderbook? Why can't team make that orders only from 10s lifetime receive rewards?
Isn't rewards depend order lifetime in orderbook? Why can't team make that orders only from 10s lifetime receive rewards?
hence this
hence this
You mean you want to double-check whether you’ve received your LP rewards?
You mean you want to double-check whether you’ve received your LP rewards?
these ghost orders are probably earning 99% of liquidity rewards on quarterly earnings markets
these ghost orders are probably earning 99% of liquidity rewards on quarterly earnings markets
This exploit is the core problem. We’ve never had bot loopholes this severe before.
This exploit is the core problem. We’ve never had bot loopholes this severe before.
how much do they earn, a couple of thousand dollars per hour
how much do they earn, a couple of thousand dollars per hour
they just place open orders at whatever the price that is not rational at all, and if you try to buy they just remove them and place on another irrational price
they just place open orders at whatever the price that is not rational at all, and if you try to buy they just remove them and place on another irrational price
If you go to empty order book, and place order, they swarm with huge ghost open orders and then you end up getting 1-2% of liquidity rewards for taking huge risk on farming with market that hasn't discovered the price
If you go to empty order book, and place order, they swarm with huge ghost open orders and then you end up getting 1-2% of liquidity rewards for taking huge risk on farming with market that hasn't discovered the price
no they place it within the spread requirement for the LP pool, but they wont get filled - Yesterday the most prononced exploiters got over 10k with zero real volume contributed, which is a large percentage of the entire platforms pool. And thats with weather LP turned off.
no they place it within the spread requirement for the LP pool, but they wont get filled - Yesterday the most prononced exploiters got over 10k with zero real volume contributed, which is a large percentage of the entire platforms pool. And thats with weather LP turned off.
yes，the Polymarket team needs to focus on fixing ghost orders rather than scrapping liquidity rewards.
yes，the Polymarket team needs to focus on fixing ghost orders rather than scrapping liquidity rewards.
Polymarket should consider allowing to cancel open orders only after delay (1 minute or something). And then should allow to place open orders for the amount that people have in their balance (currently it's per max open orders for balance per market but it should be total max open orders amount should be per all markets). So if you have 50$ you can place 25$ on one market and 25$ on another market. Currently it's possible to place 50$ on one market and 50$ on another. Maybe if someone is considered honest liquidity provider, maybe then he should be exempt from these restrictions via whitelist. Also maybe the delay could be only on low volatility markets (maybe 1-5 seconds delay on high volatility markets like sports).
Polymarket should consider allowing to cancel open orders only after delay (1 minute or something). And then should allow to place open orders for the amount that people have in their balance (currently it's per max open orders for balance per market but it should be total max open orders amount should be per all markets). So if you have 50$ you can place 25$ on one market and 25$ on another market. Currently it's possible to place 50$ on one market and 50$ on another. Maybe if someone is considered honest liquidity provider, maybe then he should be exempt from these restrictions via whitelist. Also maybe the delay could be only on low volatility markets (maybe 1-5 seconds delay on high volatility markets like sports).
Hopefully they will accumulate the LP rewards theyve stopped and apply it back to the markets once theyve fixed the exploit, so that legit LPs can get paid what they lost
Hopefully they will accumulate the LP rewards theyve stopped and apply it back to the markets once theyve fixed the exploit, so that legit LPs can get paid what they lost
My portfolio amount is not correct and I have a $700 ghost position
My portfolio amount is not correct and I have a $700 ghost position
someone has figured out how to game the rewards system and is flashing orders on illiquid books to collect rewards without providing actual tradeable liquidity. see it in quite a few places. has this been raised with poly yet?
someone has figured out how to game the rewards system and is flashing orders on illiquid books to collect rewards without providing actual tradeable liquidity. see it in quite a few places. has this been raised with poly yet?
yeah i definitely also think it should get fixed asap - but definitely better without rewards than with rewards for now. it can definitely still be pretty profitable to market make these markets without rewards
yeah i definitely also think it should get fixed asap - but definitely better without rewards than with rewards for now. it can definitely still be pretty profitable to market make these markets without rewards
just happened to me asw
just happened to me asw
<@1361217824776786031> - i can provide more information in DM as to what i think they're doing if its helpful. quite smart it seems but ofc not at all what the rewards program is intended for
<@1361217824776786031> - i can provide more information in DM as to what i think they're doing if its helpful. quite smart it seems but ofc not at all what the rewards program is intended for
FYI the exploiters on LP markets has spread outside weather, so noticing severe reducing in LP rewards on all markets. Please freeze and accumulate rewards and release after its been fixed.
FYI the exploiters on LP markets has spread outside weather, so noticing severe reducing in LP rewards on all markets. Please freeze and accumulate rewards and release after its been fixed.
if you build a bot you can hit their orders if you time it right
if you build a bot you can hit their orders if you time it right
see thats the thing, if they've built it correctly you cant
see thats the thing, if they've built it correctly you cant
yeah if theyr'e timing it a certain way you can predict when they'll submit their order and submit an order at the same time to hit it
yeah if theyr'e timing it a certain way you can predict when they'll submit their order and submit an order at the same time to hit it
unless there's some bug in CLOB again
unless there's some bug in CLOB again
that's making it so you cant (i wouldnt be surprised if that's the case given how awful this place's infra is)
that's making it so you cant (i wouldnt be surprised if that's the case given how awful this place's infra is)
he's saying they're placing/cancelling very quickly so its almost impossible to hit
he's saying they're placing/cancelling very quickly so its almost impossible to hit
so if you submit and then cancel all, you can do so before any bot can even react to seeing the book update, and fire its own order. ofc they're not uniformly timing when they submit
so if you submit and then cancel all, you can do so before any bot can even react to seeing the book update, and fire its own order. ofc they're not uniformly timing when they submit
now they wont get all the liquidity rewards because of the 1 second random sampling. but it is in effect riskless pnl
now they wont get all the liquidity rewards because of the 1 second random sampling. but it is in effect riskless pnl
yeah they need to make it so your order has to be live for like 50 ms before you can cancel or something
yeah they need to make it so your order has to be live for like 50 ms before you can cancel or something
or make it so orders live less than 200 ms arent eligible for rewards
or make it so orders live less than 200 ms arent eligible for rewards
yeh lots of reasonable solutions
yeh lots of reasonable solutions
not sure they can fix the problem without ruining the experience for people making bots unfortunately
not sure they can fix the problem without ruining the experience for people making bots unfortunately
doesnt need to be long, like 100 ms is an eternity for someone to hit it
doesnt need to be long, like 100 ms is an eternity for someone to hit it
Team should solve the problem of ghost fillers and should bring back rewards asap because without liquidity market will become very volatile. A $100 order can move market from 30 to 80 so it’s very necessary to bring back rewards.
Team should solve the problem of ghost fillers and should bring back rewards asap because without liquidity market will become very volatile. A $100 order can move market from 30 to 80 so it’s very necessary to bring back rewards.
and without bots there is no liquidity
and without bots there is no liquidity
rapidly placing/canceling orders is valid though, for crypto/finance
rapidly placing/canceling orders is valid though, for crypto/finance
yeh its ofc valid, but here quite clearly serving no other purpose than to farm rewards without providing any actual liquidity
yeh its ofc valid, but here quite clearly serving no other purpose than to farm rewards without providing any actual liquidity
which i'd imagine is not what poly intended
which i'd imagine is not what poly intended
They need to limit LP rewards to v2 sig 3 type wallets only
They need to limit LP rewards to v2 sig 3 type wallets only
i reckon they're getting a few $k a day doing this, probably rotating accounts and what not to try fly under the radar
i reckon they're getting a few $k a day doing this, probably rotating accounts and what not to try fly under the radar
how do you suggest they fix it though? just asking
how do you suggest they fix it though? just asking
Not sure tbh 😄
Not sure tbh 😄
can bot users still get those kind of accounts?
can bot users still get those kind of accounts?
oh thats some different issue, seems to be a lot now
oh thats some different issue, seems to be a lot now
^ i think you're talking about something else vini
^ i think you're talking about something else vini
yes but it locks money a different way if im not mistaken
yes but it locks money a different way if im not mistaken
this is flashing
this is flashing
no its the same they are farming rewards too
no its the same they are farming rewards too
with fake orders, but when you try to buy it says error no match found
with fake orders, but when you try to buy it says error no match found
check any book with a wide spread, and rewards enabled. not sure if the OB on polymarkets UI can pick it up - but you'll likely see a bid / offer flash for <100ms and then disappear
check any book with a wide spread, and rewards enabled. not sure if the OB on polymarkets UI can pick it up - but you'll likely see a bid / offer flash for <100ms and then disappear
is the same guy i think
is the same guy i think
this happen too
this happen too
Also im a bot user, doesnt mean im performing exploits, im only offering LPs and handle my fills when they come
Also im a bot user, doesnt mean im performing exploits, im only offering LPs and handle my fills when they come
they are doing both
they are doing both
possibly, different mechanism though if the orders are visible and not flashing, but not tradeable
possibly, different mechanism though if the orders are visible and not flashing, but not tradeable
true true. so what this ppl are doing is removing orders when a market order comes in? how can they do that? isn't that a polymarket problem?
true true. so what this ppl are doing is removing orders when a market order comes in? how can they do that? isn't that a polymarket problem?
Hmmm Let’s c what will happen I hope rewards will return soon Otherwise weather markets will become ghost just like ghost fillers 😂
Hmmm Let’s c what will happen I hope rewards will return soon Otherwise weather markets will become ghost just like ghost fillers 😂
Im unsure exactly how they manage it, but im assuming theyre observing the onchain and OB and cancel their onchain order before the order comes in from poly, once it reaches onchain, theyve canceled it before it reaches terminal state on chain, giving you e,g an error or a fake fill on ghost orders
Im unsure exactly how they manage it, but im assuming theyre observing the onchain and OB and cancel their onchain order before the order comes in from poly, once it reaches onchain, theyve canceled it before it reaches terminal state on chain, giving you e,g an error or a fake fill on ghost orders