If we implement limit offers I will divide the limit offer volume by the limit order volume after 6 months of usage and resolve this market to that number * 100. N/A if I don't implement limit offers.

I'm thinking about implementing limit orders that only fill once both parties have agreed to the fill. This is inspired by Ernie's doc on finding counterparties:

Example: I might believe a market is fairly priced at 50.5%, but anything under 50% is wrong, and be willing to back it up with 100k mana. Someone else might believe that the right price is 49.5% max and want to match my 100k to keep the price down to match their belief. Note: we both believe this about NOW but not about TOMORROW or next week.

Note: this example has two people with tons of mana and very firm contradictory beliefs. If they spoke to each other they'd realize they both want to spend 100k each.

In today's manifold, will we find each other and trade all that mana, granting the creator volume? Likely, NO. And so, everyone misses out.

Why not? Slippage. 

The other guy may have pushed the price down to his preference, 49%. When I log on later, and see the price being wrong from my POV, I'll spend a tiny amount of mana to move it up. 

Contrasted to limit orders:

it's adding an additional step where the original party certifies "yup I still agree to this".

Currently, I put up a limit order for the next week. Until I take it down, if anyone wants to fill it, they can fill it instantly. (bad for me if news breaks and I'm not online to cancel my order)

If I put a limit offer up for the next week, and someone wants to fill it, instead it gets punted back to me and I agree "yup I still want to fill it".

• Update 2025-05-01 (PST) (AI summary of creator comment): The calculation (limit offer volume / limit order volume) * 100 will use filled volume only for both the numerator and the denominator.

  • Limit offer volume refers to filled limit offer volume.

  • Limit order volume refers to filled limit order volume.