As an example of what I meant, here is a post that someone just sent me...
https://github.com/HFenter/MarginBothttps://bitcointalk.org/index.php?topic=865250.0Here is a bot for the swaps market that prioritizes keeping it active, it doesn't care the rate, it would just prefer that its funds are always in use. With no FRR, this would be the norm. The simple fact remains, that as long as people can get something, rather than nothing, they will probably take it. That being said, I really want to update the FRR, and hopefully it makes it more responsive.
As the author of this bot, I'd like to point out this bot was originally developed specifically because of how frustrating the FRR is. It's not a "something rather than nothing" philosophy so much as "FRR wall breaks realistic lending rates, and keeping my money lent 100% of the time at least improves my return a little bit". I do very much care about the rate, I just came to accept most investors are lazy and will dump everything into FRR auto renew and never think another thought about it, and I had to figure out a way to combat that as best I could... I would also point out the 30 day returns with this bot are almost always much higher than FRR set and forget lenders returns are...
I agree, and those who are creating a massive wall, by definition, while the wall is there, are getting nothing. So people who use the FRR choose to get whatever they can get, in exchange for not having to manage it. A bot, of course, will be much more useful, and will give you better returns. Instead of having to compete with those people, whose funds are NOT active, you are able to get in front of them, and have your funds be active.
With no FRR, everyone who chooses to manage their funds with a bot would prioritize active over inactive, and you would see more competition.