Current Liquidity

masterOfDisaster · January 22, 2016, 7:36pm

Which unfortunately is useless for evaluating the liquidity situation on Poloniex.

Current NuBot configuration puts several orders on the book (if sufficient funds are on the account).
Parametric order book could be enabled again. Settings are

  "bookSellType": "exp",
  "bookSellSteepness": "high",
  "bookBuyType": "exp",
  "bookBuySteepness": "high"

Resulting former buy side gateway orders:

$1,000 at 0.009 (0.9% offset each side)
$3,000 split in orders according to parametric order book with a next increment of 0.002 at
- 0.011
- etc.

Resulting former sell side gateway orders:

$1,500 at 0.01 (1% offset each side)
$4,500 split in orders according to parametric order book with an increment of 0.002 at
0.012
etc.

masterOfDisaster · January 22, 2016, 10:15pm

Any idea what to do?

Nagalim · January 22, 2016, 10:44pm

@henry if FLOT balances the Tube, will that trickle down to polo?

@woolly_sammoth what is the eta on getting at least fixed cost on poloniex?

cryptog · January 22, 2016, 11:15pm

Coinerella T1 74.9% sell 25.1% buy

dysconnect · January 23, 2016, 6:38am

@assistant liquidity

masterOfDisaster · January 23, 2016, 7:32am

###Broadcast liquidity information (total)

$ nud getliquidityinfo B | head -n 18
{
    "total" : {
        "buy" : 70388.7339,
        "sell" : 88102.7747
    },
    "tier" : {
        "1" : {
            "buy" : 16900.9439,
            "sell" : 42228.9037
        },
        "2" : {
            "buy" : 26925.19,
            "sell" : 10008.871
        },
        "3" : {
            "buy" : 26561.1,
            "sell" : 35865.0
        }

Poloniex ALP liquidity (low spread, T1.1)

Poloniex NuBot liquidity (increased spread, T1.2, T2)

Sat Jan 23 08:07:49 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 14563.1,
            "sell" : 3603.8263
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 13423.95,
            "sell" : 6719.3857

#
### current NuBot sessions
#
 nud getliquiditydetails  B | grep 0.3.2a_1453491303393_0e4e1e -A 2
        "1:NBTBTC:poloniex:0.3.2a_1453491303393_0e4e1e" : {
            "buy" : 1500.0,
            "sell" : 1500.0
--
        "2:NBTBTC:poloniex:0.3.2a_1453491303393_0e4e1e" : {
            "buy" : 13063.1,
            "sell" : 2103.8263


----------
nud getliquiditydetails  B | grep 0.3.2a_1453495247464_e50175 -A 2
        "1:NBTBTC:poloniex:0.3.2a_1453495247464_e50175" : {
            "buy" : 1000.0,
            "sell" : 1000.0
--
        "2:NBTBTC:poloniex:0.3.2a_1453495247464_e50175" : {
            "buy" : 12423.94,
            "sell" : 5717.2955

dysconnect · January 23, 2016, 8:12am

NuLagoon is broadcasting 33k buy 52k sell. Perhaps FLOT can buy 9000 NBT from it, remembering that the spread is going to be refunded eventually.

masterOfDisaster · January 23, 2016, 8:18am

It would be great if NuLagoon (MLP!), would start to manage some liquidity related tasks like supporting T1 on Poloniex. They get paid for it. I don’t. Sorry - no resilience left.

zoro · January 23, 2016, 9:08am

you should!

edit: i tried to put some buy wall in 1% spread in my ALP bot. But it was gone in seconds.
The only wall right now is MoD’s gateway which has a much higher spread not even shown in ALIX.
ALPs cannot help in Polo this time

masterOfDisaster · January 23, 2016, 4:42pm

That makes my NuBots the sole defender of the peg
…no gateway any longer - dual side!

dysconnect · January 23, 2016, 4:59pm

Yeah, liquidity tends to be gone in a split second when there’s a sudden dip, which I figure is a bot nibbling on arbitrage opportunities.

In a more ideal world we should let Poloniex walls have high spread and let the traders trade with each other in between, but I don’t like the fact that BTC volatility is translated into NBT volatility on CMC in times like that.

If that can be avoided then it will definitely be good to have high spreads. We’ll need to expand fiat pools, and shift NBT/BTC to off-exchange places where the volatility can’t be gamed so much.

The bigger picture will look like this:

Set Poloniex spreads to 2-5%. Or generally large spreads that can still sustain some amount of volume. Perhaps sell-side can be tighter but buy-side to be looser to adjust for ALP expectations.
Hopefully this sends more people to NuLagoon Tube (and potentially similar services), which have smaller spreads that can’t be gamed so easily.
Implement our own Shapeshift replacement for NuDroid that doesn’t rely on exchanges.
Have multiple NuSafe custodians on multiple exchanges, ready to supplement fiat pair ALPs.

masterOfDisaster · January 23, 2016, 5:25pm

The spread already is at least 2% (each side offset 1%), with parametric order book.

How does that fit into your bigger picture (which looks good!):

If you leave out the ALP part, it’s already a subset of it, right?

JordanLee · January 23, 2016, 5:49pm

With only 25% of liquidity on the buy side, I am activating as a back up to FLOT operations.

Didn’t @henry create some NuLagoon Tube pairs for FLOT? If so, couldn’t I send BTC to the BTC address and have NBT transferred to FLOT? Are the address pairs documented somewhere?

@zoro and other Poloniex liquidity providers: I can buy NBT for 1.005 with BTC. Just post here or PM me to arrange a trade.

zoro · January 23, 2016, 5:54pm

I sent you a pm to buy some BTC.
Although i am afraid that they will vanish even at ALP’s highest spread!

Nagalim · January 23, 2016, 6:13pm

I can buy 1000 NBT for $0.999 if anyone wants to sell me them.

JordanLee · January 23, 2016, 7:10pm

13 BTC was sent to @masterOfDisaster’s gateway twice for a total of 26 BTC. 12.9038 BTC was exchanged fro 5000 NBT. When all these transactions confirm, the Poloniex walls should be balanced.

As mentioned above, I would still like to get details on FLOT addresses set up on Tube, if anyone has the info.

masterOfDisaster · January 23, 2016, 7:25pm

You are aware that they aren’t gateways any more? They are supporting the peg even better.
There are currently 70 BTC buy side support at 1% offset, not being displayed by ALix, but being broadcast:

Sat Jan 23 19:25:33 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 16076.57,
            "sell" : 2103.8263
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 13423.95,
            "sell" : 6719.3857

If BTC drops, it’s rather for the sell side I fear.
If ALP pull the funds from the sell side like they did from the buy side, the NuBots will only have 10,000 NBT in total.
I hope the offset of 1% helps in that direction as well.

zoro · January 24, 2016, 10:04am

In order to make this liquidity visible we are going to need an ALix site showing T1+T2 from the various Nubots. In that way it would be easier for FLOT and operators to check the Nubots’ “secret” liquidity that T1 ALix cannot report.

masterOfDisaster · January 24, 2016, 11:59am

The NuBots did some trades. Resulting balances:

Sun Jan 24 11:57:18 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 13082.98,
            "sell" : 5127.7376
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 20070.39,
            "sell" : 10187.1611

The peg is still ok:

masterOfDisaster · January 24, 2016, 9:38pm

##Water level report

Poloniex ALP with above 0 funds, but low sell side

T1(.1) overall balanced, but low on Poloniex

NBT charts from CMC

BTCUSD from Bitfinex

Summary

Do you recognize how smooth liquidity provision has become?
The recent daily trading volume was still tens of thousands of USD daily, of which over 80% was on Poloniex.
The ALP was rarely zero, but some thousand USD value were still traded by the NuBots.

Now you might to glimpse how hard I had to fight to keep the peg - with almost no ALP support and a trading volume of up to $200,000 daily.
Back then we already had NuBots with market aware offsets, albeit in a manual way.

With CRFC to create T1.1 and NuBots on T1.2 and T2 the peg is safer than it is without it.
Market aware dynamic offsets might make that even more effective and at the same time cheaper.
It already works with static offset and some ALP (I haven’t touched the config of the NuBots for 2 days now).

Or do you remember the last emergency call to FLOT to deposit funds at the NuBot accounts?

Outlook

Please read and discuss this

Parts of it might be more controversial than others.
The part that deals with providing liquidity with a combination of ALP on T1.1 and NuBots on T1.2/T2 might be able to find consensus.