So providers are afraid to sell NBTs? Why is that?
It is possible that in the near future shareholders will be paid to perform such actions.
I can relate to thatā¦
So providers are afraid to sell NBTs? Why is that?
It is possible that in the near future shareholders will be paid to perform such actions.
I can relate to thatā¦
BTC price drop.
In total only less than 5,000 NBT on the NuBot accounts left - there could have been sold more NBT, but T2 spreads were not that attractive; at least the peg is okā¦
former sell side gateway:
05:28:51.532 [sendLiquidity] WARN - Liquidity info submitted:
tier=1 buy=1500.00000194 sell=0.0 identifier=1:NBTBTC:poloniex:0.3.2a_1453912818252_186495 response={"submitted":true}
tier=2 buy=16962.83 sell=0.0 identifier=2:NBTBTC:poloniex:0.3.2a_1453912818252_186495 response={"submitted":true} [c.n.n.t.SubmitLiquidityinfoTask:144]
former buy side gateway:
05:27:47.097 [sendLiquidity] WARN - Liquidity info submitted:
tier=1 buy=1000.0000013 sell=0.0 identifier=1:NBTBTC:poloniex:0.3.2a_1453913274686_e5bce8 response={"submitted":true}
tier=2 buy=15685.62 sell=4490.98230207 identifier=2:NBTBTC:poloniex:0.3.2a_1453913274686_e5bce8 response={"submitted":true} [c.n.n.t.SubmitLiquidityinfoTask:144]
BTC price declined.
Only approximately 3,000 NBT on the NuBots accounts left to support the peg at Polonex beyond the possible support of NuLagoon and ALP.
Fri Jan 29 05:07:15 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
"BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
"buy" : 15713.32,
"sell" : 1523.955
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
"BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
"buy" : 12647.41,
"sell" : 1499.0902
Which one to deposit,
BNCaRW9ZjSLeGkwCfMb48izHy2tXLAVR2i or
BETwD8nSjtj9ADSvej2na34xmsMYwPRymv
All necessary information is in the forum.
But sice you asked nicely
The first address will reach the former entry gateway.
The second address will receive donations to me as it will reach my custodial address of the former entry gateway.
The former exit gateway is dual side as well.
A deposit to BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw can be used to support the sell side as well.
If you plan to create a transaction to deposit funds there, keep in mind that there are currently a lot of funds (on buy side) and I have a withdrawal limit at Poloniex.
Iād feel uncomfortable to be away in February and have funds there.
I recommend to support zoro and Nagalim ramping up their operation at Poloniex.
Hereās the overview of deposit addresses from the FLOT thread. The deposit addresses can be found in the āgatewayā threads as well:
Status report of the NuBot liquidity at Poloniex:
Fri Jan 29 15:16:34 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
"BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
"buy" : 13880.56,
"sell" : 3829.8048
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
"BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
"buy" : 14493.48,
"sell" : 2.3433
Under which circumstances is FLOT to take action in the current state of affairs?
How much is intended to be at your dual-side NuBot?
I still have trouble understanding this by myself, which would be a problem in a situation where Iām available and see a need, but donāt know what to do.
I made a draft, which could have been improved over time.
It iwas based in parts on my interpretation of the liquidity scheme:
Both would need some rework (just imagine the impact of NuBots with Nu funds on it!), but I donāt know why I should do it.
So the best answer I can give you is: I donāt know.
The less diplomatic version is: try to involve others in discussions about that; Iām tired of it.
Thanks. Iāll revisit those!
You are welcome.
Iām happy to assist and join discussions as the need arises. But Iām currently not in the condition for a leading role.
I beg your pardon for that.
NuPool ALP at Poloniex with low sell side, buy side declining. Total funds on ALP at Poloniex way below targets:
https://alix.coinerella.com/charts/?select=48_hours_nupool_poloniex#
Screenshot from 2016-01-29, 18:02 UTC:
I donāt know about the status of NuLagoon at Poloniex.
I intend to skip the withdrawal of funds from the NuBot accounts today and check the liquidity situation again in the next days.
A majority of NBT or BTC FLOT members might request a withdrawal to their respective multisig address, of course, which I will follow.
But it made be more wise to rather deposit NBT than request a withdrawal of funds (and if, please BTCā¦).
This is just a suggestion. I wonāt start either process (withdrawal, deposit) on my own.
NuPool ALP at Poloniex, 2016-01-30, 13:15 UTC:
Poloniex liquidity situation:
masterOfDisaster NuBots detailed:
Sat Jan 30 13:18:16 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
"BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
"buy" : 13394.83,
"sell" : 4190.8853
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
"BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
"buy" : 12697.54,
"sell" : 1679.2886
Is it still not clear how much the NuBots smooth the liquidity operation at Poloniex?
How long since the last emergency deposit of FLOT?
But do you think you can afford to sustain such an operation at each exchange? I doubt it.
Do you think Nu is scalable, can accomplish the release of new products with the current liquidity provision scheme?
Donāt you think itās time to rework the liquidity provision scheme to make it more reliable and even cheaper?
You are aware that the NuBots are no regular part of the liquidity provision scheme, right?
They are meant for emergencies, but do a great job and are more reliable than ALP.
Would you feel comfortable having almost no ALP support and apparently no NuLagoon support at Poloniex if you couldnāt rely on the NuBots?
Start spending time on this, think about it, discuss it:
Sorry if youāve already explained this a gazillion times ā¦
BETwD8nSjtj9ADSvej2na34xmsMYwPRymv
and BETwD8nSjtj9ADSvej2na34xmsMYwPRymv
were initially custodial addresses used for deposits, but are now only used for broadcasting liquidity?
"BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
"buy" : 13394.83,
"sell" : 4190.8853
buy
is buy side (bid) liquidity in US NuBits at Poloniex?sell
is sell side (ask) liquidity in Bitcoin but displayed as US NuBits at Poloniex?If itās now dual-side, why is there two entries (sell and buy side gateway) with similar buy and sell numbers?
Did I get anything right?
BETwD8nSjtj9ADSvej2na34xmsMYwPRymv and BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP are the custodial addresses I use for broadcasting liquidity information.
The BTC on buy side get broadcast by NuBot in USD value. Itās the buy orders on Poloniex or the ask side, whatever you prefer.
This is about the NBT on sell side, or the bids, if you like.
I converted each of the gateways to a dual side NuBot. That provides (RaPi) redundancy, allows me to adjust configuration (which requires restart and takes some time until the orders are up again) without cancelling all orders at once and provides a more granular parametric order book. Have a look here in the config part.
Because I try to keep the NuBot accounts as balanced as possible by withdrawing from the account which has BTC or NBT in excess - whatever that isā¦
I donāt balance between the NuBot accounts, though. Itās just the trades and the withdrawals (and potentially the deposits, which werenāt required for some time), which balance the accounts.
Yeah, one of the custodial addresses that broadcasts liquidity information
Oh god.
Do you agree with this? Iām confused again.
Ahh! So theyāre doing the same thing, and I can just combine both buy and both sell numbers for the total?
You are confused because of the trading pair NBT/BTC (you sell or buy NBTā¦). Were it BTC/NBT, your explanation would have been right.
Correct.
Aha! Iāll have to think more about this to really see it, but thanks!
In Nu, specifically in NuBot and PyBot, āaskā always refers to nbt regardless of the pairing.
I continued and created a transaction in the FLOT NBT operations thread.
If you havenāt already, please look at @zoroās motion and decide whether to vote for it. I hope it passes soon and we can use their dual-side NuBot instead or as complement to masterOfDisasterās (he will be less available in February).