With ZIL’s supply being what it is now, each step in ZIL/BTC is somewhat big.
i.e. each tick in the ZIL/BTC ends up moving the per-dollar price quite a bit.
If you make a good trade / make a bad trade, you are either immediately on-side or off-side by quite a bit, and will likely move the ZIL/STABLE price quite a bit.
at the current price, each btc microtick of 0.00000001.
0.00000001 / 0.00000150 (current price) = 0.667% per tick.
typically there’s also a chance whereby 1 trading level is empty, which means that there is a range of 3 ticks will mean a price fluctuation of ~2%. that’s seems like quite a lot to me.
That said, I wonder if having less ZIL will actually encourage more people to trade the ZIL/BTC pair, so instead of 0.00000150 ZIL/BTC, if the total amount of zils is reduced by 10, at least the denominator becomes 0.00001500, which allows people to trade at an error rate of ~0.2%. that seems better to me, at least there’s a choice.
what are your thoughts?