Will trading fees be removed by end of August?
28%
chance
Sep 1
M$76 bet
MartinRandall
Martin Randall bought M$10 of NO
Now we have liquidity bots we effectively have a high fee liquidity service but only for the techno elite. Better to allow anyone to provide AMM liquidity for a fee.
0
Gigacasting
~5% on AMM, ~1-2% taker, 0% maker is very standard Also would be interesting to see Manifold add a “donate 1% on every trade” feature so people trade more (optional of course, but incents noise traders to feel better about using the site, as the line-go-up motive works for maybe ~20 of us long term)
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Gigacasting
Related: I doubt the median new user wants to see the profit or the chart of equity (notice that no trading platforms show this, even IAB is daily profit only and coinbase/binance wouldn’t know where to even look for these)
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Gigacasting
Would much prefer to charge fees on “taker only” and allow anyone to add liquidity to a pool (and share in trading fees paid when trading against pool liquidity) Limit orders that go onto the book are fee-free, and only the “taker” of liquidity pays a fee, while also allowing anyone to increase the pool with an actual profit incentive
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jack
@Gigacasting Yes, I agree that fees should be taker only if they exist. But I also think getting rid of fees entirely might be even better.
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wasabipesto
wasabipesto bought M$27 of NO
Pedantry: DPM markets still have platform fees, not all is paid to the creator https://github.com/manifoldmarkets/manifold/blob/main/common/fees.ts
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jack
@wasabipesto Oh interesting, didn't know that, thanks.
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jack
Since it appears that free-response markets are a bit of a legacy thing, I would like to change this market to be about fees on yes/no markets specifically. I hope that doesn't substantially affect your trade, if it does I'll refund you.
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