These boosts are expensive.

@JimAusman There are 275,100,016 mana in peoples' balances, over 80 million of which is in the balances of active users. We have enough mana to buy 8000 boosts. I think we're fine.

@Eliza I bought two of them because I like to play around with new features.

@Eliza but they cost $100 each. Right?

@JimAusman That's right, 10,000 mana is nominally $100. But:

1. You can trade against the injected 5k liquidity yourself so it's not too hard to make some of that back

2. There is a massive amount of mana already in the system and many users have more than they know what to do with. Few users are paying money to boost, most are using mana.

3. There is strong evidence that the black market mana exchange rate is at least worse than $1 for 250 mana (see /wasabipesto/how-much-will-i-donate-to-charity-a ), so I think a boost might be less than $40.

Progress report:

Today is the 12th day.

12 boosts have been bought

On pace for 61 boosts.

Target is 41 boosts.

this is simply a mechanism for lazy whales to add liquidity to their markets while shuffling mana between whales.

I'm very disappointed if people's behavior drastically changes from what is effectively a 33% discount for bundling boosts and adding liquidity

@SavioMak vibecession baby

@SavioMak Think of it as providing a helping hand.

So many people in the past have pressed the boost button on their 100 mana market with no idea that combining boost with liquidity is just a really good idea.

@traders boosts are now proven OP and there is no reason not to buy them.

Buying a boost with your mana is a significantly better deal than entering the last charity lottery was. This is now an awesome service.

@Eliza is there a way to unsubscribe from trader pings from a specific market? I don't want to unfollow the market because I care about price changes and stuff

@MaxE I probably misused that. I wasn't supposed to put at traders because I'm not the market creator.

@Eliza well obv you're the market fixer...

Despite my NO position I'm very happy to see this change be implemented and I hope everyone realizes how good boosts are now! Everyone go buy a boost now to prove me wrong.

Progress update:

5 days in, 4 boosts sold

If we continue at this rate, we'll end up with ~48 which is well above the bar.

@Eliza Update:

6 days in -- 6 boosts

Yes holders just counting their cash lol.

@traders

So far I am the only person who bought a boost under the new regime and I'm here to tell you it was AWESOME.

The market started out with:

• 100 mana liquidity

• 16% estimate

• 20 traders (only 1 in the last week though)

• 9 months of history

• 3.5 years max until resolution

So this is definitely a mid-cycle market.

I was interested in the question and felt like there was a solid chance the existing estimate was incorrect.

Applying the boost used 10,000 mana but pumped 5,000 of that into the AMM so now the market has 5100 mana of liquidity(!!).

Now that the 24 hour boost has expired:

• 25% estimate (max of 35%, never went below starting 16%)

• 64 traders

• 10,000 mana 24h volume

Incredible! The probability estimate has been nearly doubled and 10,000 mana was traded. Attracting 44 new traders to an old stale market is amazing.

Everything about the new system worked even better than I could have guessed. I highly encourage you to try boosting markets you are interested in. I'll definitely be seeking out another one to boost soon.

@Eliza you should include a conflict of interest statement XD

@MaxE all I am gonna say is I have boosted more markets than almost everyone on the entire site and I know when they hit harder than expected

@Eliza thanks for doing the experiment! and pushing the idea. hopefully this generalizes

@Eliza Would definetly love to grow enough to be able to boost markets I find interesting

@Eliza least obvious scheme, what % of revenue are you getting

In order to not be a money printer, you need to take the subsidy back eventually. How will that work? IIUC, whenever the price goes close to 100% before resolving YES, there is almost no mana left for liquidity providers?

@AhronMaline it costs 10k to boost, that is still a net sink

@Stralor this way it's good for the booster and the economy

@Stralor Then how is it different from boosting for 5k and adding 5k liquidity yourself?

@Stralor oh okay (although, are we worried about mana deflation?). But the announcement post does say Manifold will take the 5000 back...

@Irigi fundamentally it's not but psychologically it's much better imo. if boosts cost 5k, people wouldnt always put another 5k in

@AhronMaline yeah so the subtle difference is that Manifold provides the 5k subsidy, which means anything left over of that 5k at resolution goes back to them

@Stralor (often negligible, but it's an important distinction that this isnt strictly a rebate. it's an incentive program. "believe in your market so much you want more eyeballs on it? let's make it worthwhile for bigger traders")

@AhronMaline highly unlikely mana deflates any time in the foreseeable future. boosts arent that big of a factor in the economy at the moment, and mana has been strongly inflationary basically forever

@Stralor is there data on inflation of manifold

@XXXxXXX Mana is available for $1.

https://manifold.markets/stats

You'd have to come up with your own way to measure inflation. @EvanDaniel has one attempt here: /EvanDaniel/what-will-i-think-the-manausd-excha but that would just be a point-in-time estimate, perhaps repeating it could be useful.

@Eliza if I get good participation in that market, especially in the form of comments / reference points, I will happily run it again!

@Eliza Some sort of ratio of X/Total mana might work