Currently you can redeem sweepcash for π1.00 β $1 USD, minus a 5% fee. This means that π1000 sweepcash can be redeemed for $950 USD.
For the purposes of this question, increase means that Manifold officially provides an option to redeem πx sweepcash for greater than $0.95x USD for any real number x >= 1000, for any period of time.
Decrease means that Manifold officially provides an option to redeem πx sweepcash for less than $0.95x USD for any real number x > 1, and does not provide an option to redeem πy sweepcash for greater than or equal to $0.95y USD for any real number y >= 1000, for any period of time.
1000 is chosen because currently that is the only large amount of money that can be bought for sweepcash at a 1:1 ratio.
This question uses Eastern (Standard) Time.
1,000π Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | αΉ30 | |
| 2 | αΉ19 | |
| 3 | αΉ18 | |
| 4 | αΉ7 |
@vi You can recycle the same capital over and over without paying the fee, so long term market participants are incentived to trade the market to fair even if it's within 5% of fair, as long as there will be future similar opportunities.