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IXION
01-02
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The Polymarket team has absolutely no experience with CLOB (Content on Transaction Allocation), and their technical skills are at least at the level of a third-rate exchange, or even lower. For those using the API, here are some current warnings to avoid pitfalls and losses: The PM team has not yet responded to our situation, support tickets are being ignored, and they are operating in a completely passive, irresponsible manner. See the previous post for details. Seeking redress is extremely difficult; prioritize risk management. 1. WebStorm (WS) data latency is common. Whether using WS or the API, proper timestamp verification and order book cross-validation are fundamental. It is now recommended to add an additional liquidity check; a sudden and significant drop in liquidity is a red flag. 2. If you are looking for the lowest possible latency, hosting your server in Europe is the fastest option. A ping time of under 3ms and an API request response time of under 100ms are considered normal. 3. Cross-validation is necessary, but currently unlikely on polymarkets because their matching events are sometimes delayed by several hours before being pushed to the blockchain, and their orderbook interface returns erroneous data (unverifiable). Furthermore, regardless of whether you perform timestamp verification or not, neither API data nor on-chain events can be trusted. It's not that the data is outdated, not that it's downtime, not that it's an error; the returned data is simply fake. For example, if a market price is 0.8, it might experience a server glitch and restart, giving you a quote of 0.6. Then you trigger a stop-loss and the system actually matches you at the 0.6 price and liquidity, only for the original 0.6-0.8 orders to reappear a few minutes later. How do you know if the price at that time was due to a server glitch, a genuine order cancellation by the counterparty, or a price drop? Unfortunately, there's no way to know. 4. Based on this situation, any program handling large transactions needs to be extremely cautious, especially avoiding stop-loss logic. We have already removed the stop-loss logic from all strategies and made other adjustments.

BitHappy
@BitHappy
01-02
预测市场 Bot 的踩坑记录~ 前几天看到 @0xKaKa03 老哥对 Polymarket 的 Orderbook 维权帖,给不少跑 Bot 的小伙伴提了个醒。 结合最近的一些个人实操经验,补充几个坑点和经验吧,供大家参考。 ➤ 比如: 1/ WS 连接不稳定: 之前在采集历史数据和实时盘口时,就频繁遇到 WS x.com/BitHappy/statu…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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