Question:
Perhaps a dozen times this evening I've offered to swap ('lend') +30k USD for 30 days at a high interest rate. Repeatedly my offer is on the books for a short period, and then is either briefly accepted and then kicked back to my 'swappable balance' or appears to go directly to 'swappable balance.' What is going on here? Why can't I just offer it and know it will remain on offer until it is accepted??
Thanks in advance ...
I had the same issue today. In the last 5 hours I offered my money 5 times at 'low' interest rates. I've seen huge orders in "USD Liquidity demand" (200k). It seems like each time it was processed, my money goes back to my swappable balance. (The history page indicates my offers were accepted each time)
Is this an an attempt to manipulate the lending rates? It's hard to believe people bought 200k$ on btc to close the position within an hour. And repeat this 4 more times.
I noticed this too today. I think there is a liquidity offerer that is playing dirty games due to the fact that auto-renewal of liquidity swaps is currently unavailable (probably as a measure against the auto-renew bug).
If you take the liquidity offers that are available, and then immediately cancel them, you pay nothing, but you artificially reduce the supply of fiat offered, thereby getting better rates for your own liquidity offers.
Something should really be done about this. Either auto-renew should be re-activated, or people should pay for at least the first hour (perhaps more?) the moment they take a liquidity swap, although this probably is a lot of work to implement.
Or perhaps the user that is doing this should get a warning?