Maid and emaid prices are starting to diverge

Remember that we all were asked to keep the number of conversions from MAID to eMAID to a minimum with 2 being suggested, one test and second the rest.

The reason is that the fees for the conversion is being covered and not fair to that person/business if you do a number of conversions.

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I did 2. no intention to do any more.

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No problems, it was merely a reminder to all.

Arbitrage where one is buying MAID and converting to eMAID would be the issue. Once or twice would be OK but more is not so good because of the fees being gifted by the benefactor. Of course I doubt anyone is going to complain if anyone does 3 or 4 conversions out of necessity.

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If making a number of conversions, a best practice would be donating to help cover the conversion fees (see below)

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Yes, I hope @BambooGarden or @SwissPrivateBanker can tell us to which ETH address we should donate the gas fee back to. :eyes:

Finally back home, some ideas to integrate for https://emaid.online are:

  • Tracker Price eMAID
  • Tracker Price MAID
  • Total Mint Fees Spend
  • Total Holders
  • Total DEX Transactions
  • A loading bar (%-MAID converted) ?
  • Liquidity Monitor, how much does it take to swing 5% & 10% up or down

I want it to be more useful that just tracking the progress. It should help people facilitate doing arbitrage and thus create more liquidity and volume among both pairs.

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This should be a sticky somewhere - and linked to from the relevant pages of safenetwork.tech and the Primer.

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OmniMAID now $0.2372
eMAID $0.2116 ~12% lower than Omni

if you are going to arb, please consider donating to altcoinomy who are picking up the costs of the Tx.

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It is a community member not Altcoinomy.
Either way yes to covering the fees!

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You can’t convert eMaid to Omni, to sell Omni at a higher price, so arbitrage is not possible in that direction. It should be to make for a fair market but it is not

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Arbitrage doesn’t even mean to convert or mint anything (that’s just an additional bonus).
Just means to buy eMAID if it is lower and sell MAID or vice-versa.

MAID/BTC > ETH/BTC > EMAID/ETH (can buy with ETH instead of USDC)
or
EMAID/ETH > ETH/BTC > MAID/BTC

Sending ETH from Bittrex to Ethereum Wallet takes max 2 minutes
Sending ETH from Ethereum Wallet to Bittrex takes approx 20~30 minutes.

TIP: Use Flashbots RPC to protect from bots doing a front-running order.

When to mint?
If MAID is lower in price and buy liquidity is low. This would facilitate the conversion of eMAID and total available supply. Making it more available for people to get their hands on. If after conversion (which takes approx 1~2 days, excluding weekends) then you can buy back MAID using EMAID/ETH > ETH/BTC > MAID/BTC.

The only risk is that after the 2 days eMAID is lower but since both are 1:1 redeemable (MAID:EMAID) it’s just waiting gaming as both converge once more. Ideally you would also account for potential gas fees, sometimes I give back to the market to buy up MAID at a minor loss and sometimes the arbitrage is rewarding and there is some increase in total tokens.

Another way to help out and earn passive fees is to add liquidity to Uniswap’s EMAID/USDC pair.

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For arbitrage to work as a fair market the two coins should be able to flow both ways as they represent the same asset. Now it is only one way as arbitrage is only available if Emaid is higher than Maid but it should work also when Maid is higher than eMaid for it to be a fair market. I don’t know if it could be seen as market manipulation that arbitrage don’t work fully but wouldn’t be surprised.

If Emaid is higher it should be example Maid → Emaid ->USDC
if
Maid is higher Emaid → Maid → USDC
For arbitrage to work in a fair market.

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You just need to hold both MAID and EMAID and trade accordingly.

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I been trying to place an offer on EMAID and it’s been a real adventure.

Finally just managed it on 1inch with limit at 24c. Just a test to see how it all works. Tried connecting my Ledger to 1inch and failed. So used a Metamask wallet instead.

Why does everyone rave about Ethereum? I find it all bemusing.

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Connect your Ledger to metamask and metamask to any dapp. I’ve never had any problems that way.


Privacy. Security. Freedom

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Emaid is now at .25 and Maid is at .21. :horse_racing:

I’m really glad that Emaid was created. :horse_racing:

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Now it seems like the trend is changing. MAID and EMAID have been closer in price the last few days, with regular MAID being higher at least some of the time.

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