stATOM is severely illiquid
Today I tried to use KEPLR to trade stATOM and it showed
Due to the lack of liquidity, there is a significant difference in the dollar value of the asset before and after the conversion. If you still want to continue, click Next.
The value of 3,500 US dollars can only be exchanged for the value of 3,350 US dollars, and the floating loss will be as high as 120-150 US dollars.
Using stATOM to trade atoms will result in insufficient liquidity
If you exchange atoms for stATOM, there will be no liquidity problems.
Could STRD still be used in atomic warfare?
If transaction friction is so high, stride will have difficulty growing
What’s the solution? Adding more liquidity ATOM/stAtom ?
I saw on Osmo forum a proposal to add Osmo/stride liquidity, which didn’t received good feedback from the Osmo community atm.
Considering the close relationship between Stride and atom I’m surprise they didn’t put a proposal here already.
Its liquidity is very strange. Small-amount transactions using stATOM will also show this problem. In theory, there should be no lack of liquidity for small amounts.
Maybe it reaches a maximum liquidity imbalance, triggering this condition
Such an experience is very poor for newcomers
For ease I am going to do this maths with 1000statom
At this time I can swap 1000statom for 1353.9 atom.
Unstaking would get 1370.04atom
So I miss out on 16.14 to get my atom instantly rather than waiting for 21-24 days.
Staking yield is 13% Apr. On 1370atom this just under 0.5atom a day. So we should price in just under 12atom in rewards. The true cost is around 4.2 atom.
This doesn’t seem super slippy to me. Perhaps the dollar values make it look worse than it is.
My observation is
Whenever there is a large decline, there will be insufficient liquidity and excessive price differences.
It will take a few hours and a few days to recover.
Liquidity chips need to be enhanced 10 times
Problem here is not lack of liquidity it has to to something with who does Keplr use to achive this.
I checked both Osmosis and Neutron Astroport and they both have sufficient liquidity. And at most the difference between the 2 was 5 dollars on the amount you wanted to trade.
I went to the Coinhall and saw something similar to what you described when I wanted to do a swap on neutron. So I don’t know if Keplr uses Coinhall services or does have to do something with the SKIP API that causes this problem. But my guess is it has to do somwthing with the routing.
Kamikaza731:這裡的問題不在於缺乏流動性，而是 Keplr 使用誰來實現這一目標。
我檢查了 Osmosis 和 Neutron Astroport，它們都有足夠的流動性。兩者之間的差異最多為您想要交易的金額 5 美元。
當我想做中子交換時，我去了 Coinhall，看到了與你描述的類似的東西。所以我不知道 Keplr 是否使用了 Coinhall 服務，或者是否必須對 SKIP API 執行某些操作，從而導致此問題。但我的猜測是它必須對路由做一些事情。
Atoms have the greatest liquidity
When one end of the scale is out of balance and many people buy or sell the same target at the same time, there will be insufficient liquidity, so there will be a 1% -10% change.
Normally, liquidity is sufficient, but once a major signal appears in the market, it will become unbalanced.
It’s not difficult to understand
Your liquidity insights only apply to everyone trading $10, which is definitely enough