Quote from: TalkingBit on April 29, 2014, 11:41:54 PM

Quote from: DoubleSwapper on April 29, 2014, 11:18:29 PM

Quote from: TalkingBit on April 29, 2014, 11:14:46 PM

Quote from: unclescrooge on April 29, 2014, 10:57:06 PM

Hello everyone,

Please don't lose faith so quickly

So yes there was a bug that sent the rate of offers posted to be 365 less than what they should.

It is now fixed as I speak.

if you had offers taken at a rate you did not want to, please send us an email at support@bitfinex.com

Please accept my apologies for the panic caused.

have a good day
Raphael

Confirmed. Thnx for quick reply

Have you already sent a mail? Were your swaps already closed?
...

Yep my erroneous swaps have already been closed

On a separate note, we went from 13MM open usd swaps on April 12 to over 17MM now and the rate is still bellow 0.1% Shocked

Good to know. Hasn't happened for me unfortunately though.

And yes the swap rate is behaving very strange. We've come from some really, really deep trough and even touched 0.05 but then the swap rate has bounced up violentely in the past days as well with a short term high of 0.37. It's strange how there are constantly people adding those extremely low offers at sub 0.08 when we can see that 0.11 to 0.13 gets taken because the swap order book is so thin at the bottom. I think we will need some serious bull trend which last for more than a few days to get us back in the range of 0.2 to 0.3 for a prolonged period and even then I'm not too sure whether the constant influx of new money for swaps hasn't diluted the possible interest rate.