staking: tell a market that is empty apart from a batch too small to price - #11
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…price Run against the live testnet's cross book, a wallet holding 682 atoms of OILX was told 'no market for this pair'. There were twelve resting offers buying OILX for Bitcoin. What was actually true is that 682 atoms price to zero satoshis. Saying 'no market' there sends a staker looking for liquidity that is already on the book, and invites someone to go and seed a market that exists. The reference price tells the two apart -- it is only set when there were offers -- so a quote of nothing against a non-zero reference is now its own answer: there is a market, this is just worth less than one unit of it yet.
GracedEternalKingCabbageMan
merged commit Aug 24, 2026
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Run against the live testnet's cross book, a wallet holding 682 atoms of OILX was told "no market for this pair". There were twelve resting offers buying OILX for Bitcoin. What was actually true is that 682 atoms price to zero satoshis.
Saying "no market" there sends a staker looking for liquidity that is already on the book — and invites someone to go and seed a market that already exists.
The reference price tells the two apart (it is only set when there were offers), so a quote of nothing against a non-zero reference is now its own answer: there is a market, this is just worth less than one unit of it yet.
19 tests pass, including one that pins both readings.