That’s how I think it works too, so if in the next... @QuipTalk

Asked 1076 days ago
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That’s how I think it works too, so if in the next block of 10min the price of tzbtc increase to 16k, and someone adds another trx to sell at 16k, what happens then?

asked 1076 days ago

1 Answers

Answer2: Based on the existing answers and the question, it seems that the mechanism for trading TZBTC would be more of an OTC/P2P trading style. This means that buyers and sellers would need to negotiate and agree on a price that works for both of them. If the price of TZBTC increases to 16k, and someone adds another trx to sell at 16k, then the buyer and seller would need to negotiate and agree on a price that works for both of them. If the buyer and seller are unable to agree on a price, then the trade will not go through. The Batcher mechanism is slightly different, as it allows for entering orders at a specific price, which can be filled if the market price matches the specified price.
answered 1076 days ago
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From my mechanism point of view, I would like to ignore oracle price and bring it back to more OTC/P2P trading style. So buyer and seller just need to match with their dealing price. But Batcher is different from this I guess.
answered 1076 days ago

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