I'm having minor frustrations ~weekly right now with my question creation, here's why:
The primary reason I use the platform is to ask questions about the future and get answers. Many of the questions I ask are most conveniently formed in the multiple choice fashion -- where one answer among several will prevail.
I have recently started funding some multiple choice questions with considerable amounts of liquidity, more than most users seem to. That means I am willing to pay a lot of mana to get an answer to my question today. But sometimes these markets lose their predictive value after a period of time -- either no one knows the answer, or the answer becomes obvious.
After the market has given me a solid answer, I often wish to withdraw my liquidity. The valuable part is already done! I put up a lot of mana, people gave their best guesses.....now I don't want to offer such a reward because the next step is just "the answer is known".
I feel as though my hands are tied:
If I leave the market open until resolution, I may lose 50% or even more of my liquidity just on "news trading" -- I'm just paying people to tell me something I may have already known. This is really bad for me, especially when I put a lot of mana into a question's liquidity pool.
If I just close the market before the answer is known, and leave it closed until resolution, then everyone who was interested in the question needs to find a different place to trade in the meantime. That sucks. I'd be totally fine giving them a token liquidity pool to trade in during this time period. Making a second market is awkward, but does work.
If I close the market because I expect something valuable is imminent, then wish to reopen it after the crux moment occurs, I am in a very awkward position regarding updating the probabilities. If users had open limit orders that I buy into, I'll certainly be accused of misusing my power to open and close trading. Users may also be upset that I got "paper profit" by trading the main update after a market moved while it was closed.
What I really wish to do:
I want to be able to leave the market open, but withdraw my liquidity before key moments. I don't need to pay for news trading!
I want to be able to re-add liquidity again later if the question is interesting again.
I'm not really picky on exactly how this can work, but any of these possible solutions might help:
Let me remove my liquidity and re-add it later
Let me adjust the probabilities while the market is closed, in a way that won't affect my 'profit'
Just don't count 'self-profit' on a market that the creator closes and reopens.
My primary focus here is this: the entire point of the site is to answer peoples' burning questions. Many counterarguments to the things I've written above will start out something like "But users will abuse these to go up a leaderboard" -- I just don't care. Please help me answer my questions instead.
You can remove liquidity from a market.
At least sometimes. I don't know why it will sometimes but not others.
@LarsOsborne Indeed, we did convince them to add that back a while ago, but it only works in binary markets. I have asked the staff to implement this in multiple choice but so far I am unsuccessful. I'm trying.