Multi-Use offers #15572
KryptomineCH
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Ideas
Multi-Use offers
#15572
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Large-scale initiatives such as stable coins and Cats face the significant challenge that an offer can only be executed once. This imposes restrictions on the fluidity of transactions, particularly when stablecoin holders need to buy and sell coins at fixed amounts. It can further create complications when multiple users attempt to execute the same offer simultaneously.
While this issue can be partially mitigated by creating multiple offers, this workaround complicates offer management, increases cancellation fees when prices change, and could potentially lead to difficulties for end users in identifying open offers.
To address this challenge, we propose the introduction of multi-use offers. This solution would streamline operations by requiring the maintenance of only one or two offers (buy and sell), as opposed to numerous ones.
Moreover, instead of using a fixed amount (like 30 Stably for 1 XCH), we could specify an exchange rate (for example, 30:1). This would allow for the free exchange of CAT tokens for large-scale projects, substantially enhancing user flexibility.
This foundational concept can be further refined by setting a maximum limit. For instance, if user A wants to buy 10,000 Marmot, this could strain liquidity due to the limited number of users holding such an amount and willing to exchange it.
By implementing an offer with an exchange rate and a maximum limit, smaller market participants could contribute to fulfilling the order. This would significantly improve market liquidity, accessibility, and scalability. In summary, the proposed solution would foster a more inclusive and dynamic marketplace.
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