Okay, so my proposal is to make LP tradeable. Ultimately I’d love to see a sort of forex market, but a more realistic solution is to be able to convert LP-in-your-wallet into LP-in-asset-form tokens (much like AUR tokens) that are then tradeable on the market for ISK and convertible back to wallet LP. In this post I will expand on this proposal answering what, where, who, why, when, and how this would work.
Make LP tradeable in a more direct fashion than the current system of “Okay, buy X item in the LP store for me”.
Optimally, I’d love to see these traded via a new market interface that does forex-style trading. However, I think it much more simple and likely to implement if we simply add a new item to LP stores that converts LP into a token in some sort of increment (probably, i would say, minimum 1k increments) that allows for adding it as a market asset similar to existing in-game assets that are openly market tradeable.
LP “purchasing” services exist in the game already, and this would enhance their capabilities significantly, while simultaneously expanding the market for others to have this opportunity due to better information visibility. Let’s say I know that you can buy widgets from caldari navy worth 1k ISK/LP, and I want to cash in while the market’s good on widgets. Right now, if I want to buy LP from others, I have to let them in on the secret that widgets are really good in the market right now, since I’m forced to have them buy whatever I want from the LP store (I cannot purchase it directly). If we instead make some mechanism where I can purchase the LP from them (either directly or via an LP token asset) I am no longer forced to reveal what I intend to utilize the LP for, allowing me the opportunity to protect my margins.
Simultaneously and conversely, putting LP on the market either via a secondary forex market or via an LP token asset allows for more transparent pricing mechanisms on LP, providing a benefit to any player using LP for any purpose, and allows for a “baseline” ISK/LP value to be made visible for those considering LP store purchases.
Assuming we go with the (simpler to implement) token system:
For generating the tokens, existing LP stores are already well-suited to this and it would (hopefully) be a negligible addition. For trading the tokens, the simplest way is to add them to the existing market, although making them contract-only assets is an option (but negates many of the transparency advantages that the market would provide).
This could be implemented with, I believe, a relative minimum of fuss, and once approved could be implemented to at least SiSi nearly immediately.
I’ve effectively stated the who (as in “Who does this benefit”) already under why, but it’s my firm belief that this benefits anyone who generates LP as well as anyone who wishes to purchase items via LP, allowing for much greater flexibility.
Please don’t hesitate to ask any questions you have about this proposal.