Henry and I have negotiated this plan and it has my full support. Thanks Henry for being a steady and reliable friend of Nu through these difficult recent months. I am disappointed that events beyond your control did so much to damage your business. I hope we can find new ways to grow it with our new liquidity operations model.
I’m surprised by your post and have to confess I don’t really understand what you are saying other than you don’t like the OP. It surprises me because there are lots of goodies in the post for a lot of people, and I don’t see why anyone would be opposed to it.
NuLagoon, after taking customer investments in the pool, was unable to return its BTC deposits through no fault of their own. NuLagoon was drained of BTC without the ability to retrieve it simply because the peg was abandoned. I want to emphasize @henry did not do anything to create the situation. On the contrary, he has been consistent and responsible in his actions. But anyway, BTC and US-NBT belonging to NuLagoon pool users has been frozen for months. Due to the restoration of the peg, we are now in a position to begin returning pool users’ US-NBT and BTC at full value and in full quantities. That’s a good thing, right? We are making NuLagoon pool users completely whole after an unfortunate freeze of the funds.
We are also reactivating Tube at a very good price.
So what’s not to like? Hopefully there has just been a misunderstanding.