That’s the only action fully compliant with the terms.
Yet the actions compliant with the terms aren’t always sufficient to support the peg.
Round after round putting pressure on FLOT for timely depositing funds to the gateways and me withdrawing the proceeds to FLOT addresses is tiring - especially for FLOT.
So this clearly has a price, which is hard to calculate.
Another option would be to introduce a buffer in Poloniex, which has the vast majority of trading volume and the peg there is in my opinion more important than on minor exchanges.
Say you’d operate a dual side NuBot with 10,000 USD equivalent in total with Nu funds.
That would be another step back to the custodian model with that Nu started.
It would use much less funds and put much less funds at risk, though (compared to kTM and jmiller times).
The question is: what’s the price of that (risk * funds + fees) and does Nu want to afford it?
And: can Nu afford not having it until luiquidity issues have been sorted out?
You might realize that we are effectively close to operating that way, but with a lot of effort for FLOT in difference to just keeping funds on exchange as a buffer layer.
