It seems to me converting FRR lenders into bot users is a compromise now? I agree with it for reasons mentioned elsewhere; it breaks up one massive order into many small ones. It will allow the market to adapt more easily to liquidity spikes, rather than letting the FRR dam break.
I would reiterate the recommendation that swaps get their own books based on duration. 2 day and 30 day offerings entail completely different risks, including opportunity and interest rate risks, that make them incomparable, just as bonds, or options, or futures, with various expiration dates get traded separately. The time value renders them totally different instruments.
If MarginBot gets put on a repository, I'll see if I can help by merging any of my code.
https://github.com/HFenter/MarginBotI am not saying that we should convert anyone, I am saying that other options currently exist. If it is better than FRR, people should use it, and that basically ends this without even needing bitfinex to change anything...again, the users are the ones CHOOSING to use the FRR. If the FRR was universally despised, it would have no one using it, and you wouldn't have a problem with it. The problem is that 75% of the funds DO use it. Instead of asking Bitfinex to change things, and take away something that people are actually using, if you offer them something better (I think the MarginBot is better in that it is customizable, and I believe it has been shown to get you better returns) then they will have no reason to use the FRR. As I pointed out, it takes maybe 15 minutes of research to realize you can get a bot to manage your swaps and you can basically "set it and forget it".
I was picturing something like how we have a link to BFXData, a link to the marginbot and its instructions with a short explanation. Maybe its because the users who put their funds out at the FRR don't read this forum, or don't care, but if we make it easier for them to see other options, maybe they will take advantage of them. I cannot wait to see what happens, because as I stated before, I would rather take anything today, so that I can take advantage of compounding. Any day in which funds aren't actively used, you lose that days returns, but also all the returns that could have been generated on those returns. So, if I were to set the minimum at .065, none of my funds would be used. Just personal opinions, but I am curious how people will choose.