Our success to date has primarily come from the provision of liquidity with low spreads. I’m confident it is the right to decision to provide more liquidity at lower spreads if possible, not less liquidity at higher spreads as some are advocating. Later in the evolution of Nu, there will be many other reasons for people to buy NuBits, but right now liquidity provision is the most important reason. It would be foolish to abandon serving the market that has made a success without establishing an alternative market position.
It is true we need to prevent losses as we provide liquidity, but I outlined clearly how to do this a month ago in my “Evolution of liquidity operations” draft motion. I’ve asked desrever and woolly sammoth, who will be responsible for implementing the changes, to finalize the motion. We just need to move forward with that rather abandoning our market.
I have proposed instantaneous balancing in my “Evolution of liquidity operations” draft motion. The delayed balancing you are referring to is only the first step in a series of iterations.