Alright another update time. 2 things to share today.
16 May 2022, 15:50
Alright another update time! 2 things to share today.
first is our boba launch for leverage trading highlighting the network incentives we were given month to month which you can read about here
Then another update for trading introducing dynamic spread. We've also talked about dynamic funding rates but dynamic spread should also help in onesided markets that can be specific to each pair.
This spread will automatically adjust every 8 hours based on how imbalanced the long to short ratio is for a pair. This can also be lower than the current value if its an even split to promote trading in balanced markets. Note this change only really effects markets where predictability becomes to easy for traders such as the Luna short.
Other protocols typically already have the damage done before such changes can happen but this lets things adjust automatically. We're expecting this to go live in about 1-2 weeks which should be on the testnet pretty soon today.