Is this a good strategy? 12% APR is already very good. When I see super high ROI rate offered my thought is usually “They are desperate. Stay away.” To avoid this misunderstanding I put the “don’t last long” part. If I am to edit the title to show an even higher rate, there has to be a better pre-emptive sentence.
My thought is that money supply of NSR is ~800million. At $18/10k IPO price the market cap is $1.44m. Plus ~$75k T4 fund that is $2.2m$1.52m. There are 740k NBT in circulation. If the goal of parking operation is to get 30% of circulating NBT ($250k) parked, consertively Nu can offer 100% APR for 6 continuously 3 years before Nu’s asset equals the park principal. So in short terms 20%APR offered during BTC price surge is affordable for Nu. To explain this to someone paying 10 sec attention is difficult.
Depending on how many NSR are minting with park rates from my data feed, there might be a permanent park rate above 0% even once there’s more demand.
I don’t know where to end with my data feed, but time will tell.