Here is another suggestion to modify the function of FRR:

- FRR is calculated based on currently taken swaps (using whatever formula you think is best) and this value is known to the system at any time.
- Users can place offers at specified by them rate. (we have this one already)
- NEW: Users can set placement of offers automatically (if/when they have funds on their deposit account) at the rate EQUAL to the value of current FRR (perhaps +/- Delta). Note that this would be still a fixed rate offer placement, so there will be no swaps having truly "floating rate" in the system at all (YET, one still will be able to set their lending on "autopilot" and stay "with the market" at the same time)

The way I see it, such proposal is kind of a compromise between complete elimination of FRR function (because the result will be - no floating rate offers in the system, therefore there should be no very thin and very tall "walls" on the order book) and at the same time the system would still HAVE this feature "in play" as it would heavily rely on the current FRR value for "automatic" offer placements.