Quote from: Sukrim on October 11, 2014, 07:49:01 PM

Quote from: QwertyCore on October 11, 2014, 07:47:30 PM

Quote from: pgp on October 11, 2014, 03:05:58 PM

Hi, All,

My name is Phil and I am also associated with Bitfinex, and though I never post on btctalk, I wanted to address this issue and get more feedback. FRR is calculated as the volume weighted rate of all the open fixed rate swaps, so naturally it will lag the inside market and this, of course creates problems for liquidity as it's the only real mechanism we have for auto renewing swaps. We have spent some time thinking about how to improve this, but frankly haven't arrived at anything that we like better. I will say, though, that we can certainly make it better by offering various embedded algos with user specified parameters, the problem is that we don't want to make it overly complicated, either. So, the right solution has to be one that is simple and easy to understand. So I will ask all of you. Specifically, how would you improve it? We recognize the need for improvement - so your suggestions are welcome!

Just to confirm, you are not including the FRR swaps in the swaps that are averaged, correct?

I noted that. I'm working the "trust but verify" angle.