Current Liquidity

[masterOfDisaster]

BETwD8nSjtj9ADSvej2na34xmsMYwPRymv and BETwD8nSjtj9ADSvej2na34xmsMYwPRymv were initially custodial addresses

BETwD8nSjtj9ADSvej2na34xmsMYwPRymv and BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP are the custodial addresses I use for broadcasting liquidity information.

buy is buy side (bid) liquidity in US NuBits at Poloniex?

The BTC on buy side get broadcast by NuBot in USD value. It’s the buy orders on Poloniex or the ask side, whatever you prefer.

sell is sell side (ask) liquidity in Bitcoin but displayed as US NuBits at Poloniex?

This is about the NBT on sell side, or the bids, if you like.

If it’s now dual-side, why is there two entries (sell and buy side gateway)

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.

with similar buy and sell numbers?

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 is…
I don’t balance between the NuBot accounts, though. It’s just the trades and the withdrawals (and potentially the deposits, which weren’t required for some time), which balance the accounts.

Did I get anything right?

Yeah, one of the custodial addresses that broadcasts liquidity information

[jooize]

Oh god.

Terms for glossary / dictionary on NuBits.com

Sell (Ask) side On an exchange order book, the sell side is comprised of all orders that offer to sell the item being exchanged. Conversely, the buy (bid) side is comprised of all orders offering to buy the exchanged item.

Do you agree with this? I’m confused again.

I converted each of the gateways to a dual side NuBot. That provides (RaPi) redundancy

Ahh! So they’re doing the same thing, and I can just combine both buy and both sell numbers for the total?

[masterOfDisaster]

Do you agree with this? I’m confused again.

You are confused because of the trading pair NBT/BTC (you sell or buy NBT…). Were it BTC/NBT, your explanation would have been right.

Ahh! So they’re doing the same thing, and I can just combine both buy and both sell numbers for the total?

Correct.

[jooize]

You are confused because of the trading pair NBT/BTC (you sell or buy NBT…). Were it BTC/NBT, your explanation would have been right.

Aha! I’ll have to think more about this to really see it, but thanks!

[Nagalim]

In Nu, specifically in NuBot and PyBot, ‘ask’ always refers to nbt regardless of the pairing.

[jooize]

I continued and created a transaction in the FLOT NBT operations thread.

If you haven’t already, please look at @zoro’s 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 masterOfDisaster’s (he will be less available in February).

[henry]

@henry can you confirm that NuLagoon broadcasts liquidity using BTRnV9uLSPVJw4jn1JMV2Ki2cfFqPYip9o?

We just fixed a problem on running NuBot. The liquidity should be correctly broadcasted now. Thank you for the reminder.

[dysconnect]

I tried ALP + NuLagoon Tube balancing for some time. Balancing via NuLagoon usually eats away 2-3 days of ALP income on the amount balanced, and is still not convenient enough.

The ALP software a bit flaky and I added some try: except: shutdown(True) to make it somewhat stable. The errors are mostly due to mismatch between Poloniex API and how the scripts handle errors; there’s an apparent bug that the script hangs after a “need to update BTC price” error.

Overall I think the next pool to get a custodian grant and renew pool terms should consider increasing the tolerance on BTC/NBT pairs and experiment a mild reduction of rewards.

[Nagalim]

So make a T3 custodial grant and balance off yourself (ultimately T4) for 0.1% loss + network fees.

[dysconnect]

I have my own concerns in taking your approach, and I have always been more inclined to market-making where high spread ALP can be a starting point, so it’s more rewarding to experiment in that direction. Also time has been very scarce lately that I can’t invest too much in adapting to new logistics.

[Nagalim]

Id love to hear your concerns when you have time.

[crypto_coiner]

NuBits (NBT)$ 1.02 (0.82 %)
These figures do not look too good…

[Nagalim]

Nbt/cny reports $1.03 because of how cmc reprts cny. You can’t always trust cmc. Our walls are fine.

[crypto_coiner]

Please somebody run a peershare based cmc DAC “controlled” by Nu so that it does look good, marketing wise

[Nagalim]

ALIX should tell you everything you need to know. We cant force people off of cmc, we just have to let people come to their own conclusions about the algorithns used.

[masterOfDisaster]

It’s not only CNY, the peg at the BTC pair at Poloniex is impaired as well.
The sell side support by the NuBots at Poloniex is degraded. Customers bought into orders, that were not in the first line of the parametric order book.
For days there’s been only a few thousand USD value on the sell side in the NuBot accounts.

Current status of the NuBot accounts at Poloniex:

Mon Feb  1 05:24:39 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 14797.29,
            "sell" : 2642.1802
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 13939.7,
            "sell" : 300.8696

[crypto_coiner]

It’s not only CNY, the peg at the BTC pair at Poloniex is impaired as well.The sell side support by the NuBots at Poloniex is degraded

Ouch !

[masterOfDisaster]

The good news is that the support by ALP clients on Poloniex increased over the last 12 hours.
Yet I think it’s more comfortable to have another line of defense for the peg there.
NBT have been sent by FLOT to the NuBot accounts.
Soon^TM they will be available.

Update:
after I realized that the transaction to deposit funds to the NuBot accounts hasn’t been broadcast, I did that and now the funds are available:

Mon Feb  1 08:08:33 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 14870.66,
            "sell" : 9642.1802
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 13993.4,
            "sell" : 5300.8696

2^nd line of peg (by NuBots) support back in the green again.

Update2:
it was good not to withdraw BTC from the buy side; as it seems there was some decline of NBT demand that couldn’t be buffered sufficiently by the ALP participants:

Mon Feb  1 14:00:26 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 8506.81,
            "sell" : 16075.8356
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 11736.16,
            "sell" : 7652.7734

Result for the peg on Poloniex: in good shape; status according to CMC

[huafei]

@assistant liquidity

[masterOfDisaster]

nud getliquidityinfo B | head -n 18
{
    "total" : {
        "buy" : 88034.7269,
        "sell" : 105462.6746
    },
    "tier" : {
        "1" : {
            "buy" : 45786.0181,
            "sell" : 41531.6259
        },
        "2" : {
            "buy" : 20015.8,
            "sell" : 22166.0987
        },
        "3" : {
            "buy" : 22231.4088,
            "sell" : 41764.95
        }