I'm trying to lend some USD and can't get my offers to get matched.
Even when using the "lend" button next to an item in the credit demand list, my offer just sits there and doesn't get matched (for about 10 minutes now)
Am I doing something wrong?
EDIT: nevermind, it seems I need to make a post here, then it instantly works.
I cannot understand how the lending engine works, too. Sometimes it is almost instant, sometimes it takes several minutes to match the borrow and lend orders.
It is pretty apparent that the lending/borrowing engine has significant issues with matching orders in a timely matter. It is likely designed using a background process on the server that waits for a fixed period of time (minutes) before checking if there are matches rather than checking for matches each time an order is added.
However, even then the match can fail. There are a number of possible reasons (all bugs) that would cause this behavior. For example perhaps the match fails due to slight order amount mismatches (Example: 2.50 != 2.501 ) even though amounts exactly match on the display because the amounts are rounded to 2 decimal places.
Also they should do away with maximum/minimum lending times in general as this just adds another confusing and unnecessary dimension. There should be two markets ... one for the instantaneous variable rate loans ( < 2 day) and a second market for fixed length/rate term loans (15 days, 30 days etc..). Putting them all together just makes it unnecessarily complicated.