It might be that your offer was used to supply the tiny remainder of some new trade position, which was mostly filled by using other lending offers? The engine combines available offers to allow a trader to open a specific position size.

Well -- intuitively I'd say, an amount of $0.0000000049 looks very much like a carry-over from some numerical imprecision accumulated in a previous calculation. (Such can typically happen when you subtract two numbers which are very close)

Considering the number of offers for lending and the minuscule amount of requests to borrow, has anybody actually succeeded in getting his RECENT offer borrowed?

Quick feature request that I'd really appreciate if possible.   Could we get an "always notify" toggle (even a global option in the user settings)?   That way the lending process would be 100% automated if preferred (autolend and auto notify).

Thanks!

If you are going with insured and non-insured loans - be sure to give advance notice and let people transition their existing loans to one of the two formats.  Thanks.

If traders can switch their loans... can lenders re-lend loans too in the future?
E.g. I see a very cheap loan on the market, borrow the money and put it out there for a higher interest rate. I would be more than able to pay the lower interest for the loan anyways...

Hi all,
I created a Greasemonkey script to fix a number of issues and add a few nice features to Bitfinex.
Head here: https://community.bitfinex.com/showthread.php/277-Bitfinex-Greasemonkey-Cloudflareflare!-Fast-order-books!-Less-typing!-Less-calcs!

As of right now it has these features:
– instant page updates: the orderbook on the exchange/trade page will load as soon as the page does (instead of 30 seconds later) and update slightly faster
– USD value order editing: want to convert all the USD in a wallet into BTC without taking the calculator? Type your price and USD amount and the BTC amount will auto calculate
– Cloudflareflare Cloudflare mitigation: exasperated by your orders getting eaten by Cloudflare and being unable to trade for ~45 seconds every time? Here comes the rescue. Orders will submit in a hidden iframe. If the Cloudflare page is detected, the BUY and SELL buttons will flash "Cloudflared!" until the Cloudflare page clears. Then just resubmit when the buttons come back to normal. BONUS: submitting an order will not reload the entire page, losing the order book for 30 seconds!
– Confirmation for orders in transit: buy/sell button is replaced by a loading animation when the order is in transit.
– Click to copy price/volume: click on orderbook prices and volumes to autotype order. Want to snag that order at the bottom of the order book? Click on the price or volume and it will auto type it on the appropriate buy or sell side of the order form. REMEMBER TO ALWAYS LOOK AT THE ORDER YOU ARE SUBMITTING.
- Deposit interest information: yearly interest rate and interest per day data in deposit view.

Hi MrJMassey, welcome to this user community

I'll try to answer some of your questions...


The idea was (if I understood it correct), that VIR somehow reflects the "weight center" of the currently active loans. This would make VIR attractive both for lenders not interested in actively managing their loans all the time, and for traders not willing to get ther loans manually for each trade.

In the more modest times before the last round of madness started, VIR rates were often around 120%, which is 1/3 per day. But then the Bitfinex users started to discover that you really can offer loans for 888888888.88%. At some incident, such loans were really picked up, this way "poisoning" the VIR rates. What followed were several attempts by the Bitfinex staff to improve the formula of VIR calculation. Meanwhile, they seem to have settled by a combination of damping factors and limits which works quite well. Bottom line is that we don't have any practical experiences how this new VIR formula works in more modest times.

Also, note that by default the system prefers VIR rates for opening a position (unless the trader explicitly disables using VIR). Thus, in the situation when there is a huge block of VIR offers (say $60000), then you need to offer a fixed rate below VIR explicitly, to get into business. This has also the effect of pushing down VIR over time, which is the intended behaviour (it regulates itself this way).



Indeed, the lending section is not yet as transparent than the trading section. It seems that it's a feature quite high on the wish list of most lenders: getting a more detailed reporting here. As far as I have understood, Bitfinex staff has already acknowledged that some improvements are desirable here.

While probably most of us agree that Bitfinex as a whole has way more important features in the pipeline, like adding a second exchange, getting the business and paperwork settled, also for insured loans and so on. Scaling up a development team also creates a huge overhead initially, to get new team members up to speed. And this way, there is the real danger that the Bitfinex team suffers a burn-out with all that feature wishes and development possibilities popping in.