according to who? we have the tightest spreads by a wide margin
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhky6t5vdhkjmn9wgh8xmmrd9skctcjttekl strike is 20bps above market. can you ask your LPs to tighten up please?
there us no need to be so wide, should be closer to 2-10bps based on OTC aggregator pricing.
Discussion
on screen vs binance pricing this morning. I do a spot check before new buys
Binance is an exchange, they are executing their own book
not sure thats relevant here jack.
LPs are sourcing pricing from exchanges like binance, coinbase, bybit
You have to factor in free withdrawals. Not everyone does that
liquidity providers don't bake withdrawals costs into their streaming pricing. its deminimus and baked into an aggregated daily settlement.
I’m talking about the users pov. If you buy $20 and withdraw on chain as orange pillers do, then having free withdrawals vs ~$2 mining fee is not nothing.
That's not the point here Dre.
My POV isn't relevant here.
I asked Jack if he would lean on his LPs a bit. I work for one, sometimes they get a little lazy on pricing.
The LPs POV matters here.
Why is river blocked?