At the moment and in the recent past, NuLagoon Tube has indeed provided the best spread, depth and duration. It is an important accomplishment. Thank you NuLagoon. Further improvements are exciting. I want to hear more.
What the network really needs next is automated arbitrageurs using this very low spread. How can we attract arbitrageurs who will automate interaction with NuLagoon Tube? Spreading knowledge of this tight spread might be all it takes.
The current design of NuLagoon Tube (NLT) doesn’t allow that integration - at least if you thought of using NLT from NuBot to allow (automatic or manual) balancing of the funds.
You need to be in control of the sending address(es) to register those as trading pair at NLT.
NuBot might be programmed to withdraw funds (if the API keys allow that; I wouldn’t dare allowing that!), but only from the exchange and you never know what withdrawal address they use.
Or did I understand you completely wrong?
It would indeed be nice to have an NLT interface for having NuBot trade at NLT.
But I think that’s not possible without an intermediate step of withdrawing funds to an address that doesn’t change and can be registered at NLT.
Another complication to create that is that NuBot/ALP development doesn’t seem to be at full throttle at the moment.
If one of your address you filled in the register form is already registered, the registration will failed. You can only change your registered address pair by sending register request NuBits and Bitcoin transactions.
We had used 0.00004 BTC fee since the beginning. Most of the time the TX can get confirmed in short time. We think this fee increase do good to the confirm time further even when the Tube tx number goes up. However, it still need time to prove by observation.
We realized there are two BTC txs sent out by Tube are not confirmed for many hours. After investigation, the reason turn out to be a CashWithdraw TX which is set a fee much lower than 0.0001.
We are really sorry about that. We already raised the bitcoin fee for auto tx to 0.0001. that CashWithdraw is manually generated. It is a mistake to set a low fee like that in the TX.Now, it seems we have to wait the TX be confirmed. But we believe it woun’t happen in future. Thanks for using the tube
So just to be clear, there are about 150 BTC of funds that are owed to people in the network that are waiting on BTC confirmations. That’s a shit ton of buy side liquidity. Not all of it will end up in the network, for sure, but it’s pretty rough that there are $70k buy side frozen that are owned by users of our network.