No funds, No volume
Last week I showed the influance the CELTbot could have when the ETH/BTC pair gets fully funded, and is in combo with the arbitrage bot from thaodehx. Since then funds that were added were being used across the +/- 100 pairings the bot is active on. The funds are now mostly being locked in limit positions until people start trading into the bot.
If possible, Then do
Because the eth/btc pairing is the beating heart of our dear exchange, I added an exception to the logic of CELTbot.
When possible to reduce it's spread, even on low funds, do it. This way when the bot is low on funds the first priority will be to keep eth/btc as tight as possible.
The obvious message stays: the more funding CELTbot gets, the smaller the spreads on COSS will be.
Wallet performance
I've made the time to calculate the amount of eth equivalent value is in the bot, I expected a serious downtrend due to the bear market. We managed to retain 73% ETH equivalent value vs the amount funded.
the calculation is visible in https://docs.google.com/spreadsheets/d/17mZ7iH08_mGIP1IAOOKWD1uqpyqYUKK_3K8dObqvk-g/edit?usp=sharing
If someone has a script to easy compute this, please share.
Roadmap - Goals ahead
At this point I feel like there is little improvement left to be made on the coding side of the bot. The bot relies on funds to effectively improve COSS orderbooks.
One goal left:
- Increase funding for CELTbot
So if you have metamask, get your CELT here: https://celt.dvx.me/
If not, read the guide: https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them
Go forth and spread CELT,
Spielley