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Great! Then now you understand why 99c folks won't take up 95% of the rewards; they're handed out based on fractional time of the entire liquidity reward.
Great! Then now you understand why 99c folks won't take up 95% of the rewards; they're handed out based on fractional time of the entire liquidity reward.
Basically large bankrolls can bully people in the rewards market, which is fine, because that's how liquidity is meant to work.
Basically large bankrolls can bully people in the rewards market, which is fine, because that's how liquidity is meant to work.
Or at least have a different perspective now.
Or at least have a different perspective now.
Okay, good luck. Hope you understand how liquidity works.
Okay, good luck. Hope you understand how liquidity works.
he gets 150000/151000 * 170 of the reward
he gets 150000/151000 * 170 of the reward
then some guy comes in and posts 150000 shares
then some guy comes in and posts 150000 shares
but let's just say you want to hit the target size on that market, you would post 1000 shares
but let's just say you want to hit the target size on that market, you would post 1000 shares
yes, it is 1000
yes, it is 1000
so that's a good return on $150000 of liquidity
so that's a good return on $150000 of liquidity
but 170 a day for 255 trading days is $43000
but 170 a day for 255 trading days is $43000
I thought of posting there but I'm not sure I want to deal with the fallout to get $85 a day
I thought of posting there but I'm not sure I want to deal with the fallout to get $85 a day
because they think it won't happen and since the target is 1000 shares they want to get 99.9% of the liquidity
because they think it won't happen and since the target is 1000 shares they want to get 99.9% of the liquidity
Yes they do understand it
Yes they do understand it
a $ amount is assigned each minute as a fraction of the liquidity.
a $ amount is assigned each minute as a fraction of the liquidity.
a snapshot is scored at each minute.
a snapshot is scored at each minute.
if top of book exceeds target shares it is shared
if top of book exceeds target shares it is shared
discount factor applied geometrically
discount factor applied geometrically
It takes a snapshot of the book. Top of book is rewarded by the portion of target shares
It takes a snapshot of the book. Top of book is rewarded by the portion of target shares
No, the guy posting $150000 should get paid his $170 a day and occasionally get absolutely destroyed and lose his $150000 😛
No, the guy posting $150000 should get paid his $170 a day and occasionally get absolutely destroyed and lose his $150000 😛
So should nobody bother to post any liquidity, because its a 3 std deviation move?
So should nobody bother to post any liquidity, because its a 3 std deviation move?
but Take a look at the true-ev reward program. Some of those $ prices never see a trade.
but Take a look at the true-ev reward program. Some of those $ prices never see a trade.
Yes, it will be split among the people taking the 99c risk.
Yes, it will be split among the people taking the 99c risk.
96.66 will already be taken in the first 2 days.
96.66 will already be taken in the first 2 days.
I don't understand what you mean by getting de minimis, sorry you exceed my vocab.
I don't understand what you mean by getting de minimis, sorry you exceed my vocab.
If the market goes 99c in the last day, then those 99c will get $48.33 of the reward.
If the market goes 99c in the last day, then those 99c will get $48.33 of the reward.
If its $145 at 3 days, then it's simply 3.3c a minute.
If its $145 at 3 days, then it's simply 3.3c a minute.
You can think of it as reward per snapshot where each snapshot is 1 minute.
You can think of it as reward per snapshot where each snapshot is 1 minute.
The reward pool is simply a time dilineated minute by minute reward.
The reward pool is simply a time dilineated minute by minute reward.
No they wouldn't get 95% of the rewards, I'm not sure why you're saying that.
No they wouldn't get 95% of the rewards, I'm not sure why you're saying that.
I got filled for my entire bankroll last night...
I got filled for my entire bankroll last night...
Later, you have a larger $ at risk, more competition, and if you do get taken it's going to be likely a 100% complete loss.
Later, you have a larger $ at risk, more competition, and if you do get taken it's going to be likely a 100% complete loss.
It's simply that earlier on you need to provide a higher frequency trade if you don't want to get completely rinsed.
It's simply that earlier on you need to provide a higher frequency trade if you don't want to get completely rinsed.
Its nice that you've got an opinion, but again, the liquidity providers are taking on just as much risk later in the process.
Its nice that you've got an opinion, but again, the liquidity providers are taking on just as much risk later in the process.
Arguably the 99c sell so that an active taker can get back into the market to move around is more important than people chasing top of book in the early parts of the market.
Arguably the 99c sell so that an active taker can get back into the market to move around is more important than people chasing top of book in the early parts of the market.
The liquidity in both senses is just as important in order to keep money flowing.
The liquidity in both senses is just as important in order to keep money flowing.
without that, you're basically going to sit on your hands until either kalshi starts resolving markets sooner or you're locked up until the 'official date'.
without that, you're basically going to sit on your hands until either kalshi starts resolving markets sooner or you're locked up until the 'official date'.
Otherwise, you get rid of any ability to bond the market, so if you get the market right and its going to take days, then you will sell into the 99c market.
Otherwise, you get rid of any ability to bond the market, so if you get the market right and its going to take days, then you will sell into the 99c market.
$70/3 days is just 23/day.
$70/3 days is just 23/day.
If the rewards pool is hourly, then it will reward people providing liquidity during difficult times just as much as the ppl provided is post.
If the rewards pool is hourly, then it will reward people providing liquidity during difficult times just as much as the ppl provided is post.
exactly, which is why the 99c folks matter to the market.
exactly, which is why the 99c folks matter to the market.
No, they can close the liquidity rewards pool early based on the market.
No, they can close the liquidity rewards pool early based on the market.
Retail traders want to take flyers, they *love* 100:1 payouts, but if they want that to exist in this obscure markets then you can't just not pay the liquidity pool because Robinhood users don't use limit orders, they use market orders.
Retail traders want to take flyers, they *love* 100:1 payouts, but if they want that to exist in this obscure markets then you can't just not pay the liquidity pool because Robinhood users don't use limit orders, they use market orders.
On top of that, there is a huge amount of risk associated with these positions since the payout criteria could be misunderstood or misrepresented/amended.
On top of that, there is a huge amount of risk associated with these positions since the payout criteria could be misunderstood or misrepresented/amended.
<@155720202724704258> : the february amendment where it got rid of rewards at 1c isn't fair, and doesn't make sense. I had a very large open bid at 99c, and someone took the position. They had to post a few bucks, but it locked me out of trading for ~1day. I feel like if I'm going to post liquidity that is significant in these markets and you want people to be able to buy them, then if the reward is there it should be paid. Am I wrong on this?
<@155720202724704258> : the february amendment where it got rid of rewards at 1c isn't fair, and doesn't make sense. I had a very large open bid at 99c, and someone took the position. They had to post a few bucks, but it locked me out of trading for ~1day. I feel like if I'm going to post liquidity that is significant in these markets and you want people to be able to buy them, then if the reward is there it should be paid. Am I wrong on this?
Kalshi