Current Liquidity

henry · January 30, 2016, 11:18pm

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

dysconnect · January 31, 2016, 8:17pm

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 · January 31, 2016, 8:25pm

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

dysconnect · January 31, 2016, 8:36pm

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 · January 31, 2016, 8:49pm

Id love to hear your concerns when you have time.

crypto_coiner · February 1, 2016, 3:00am

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

Nagalim · February 1, 2016, 3:25am

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

crypto_coiner · February 1, 2016, 3:27am

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

Nagalim · February 1, 2016, 3:42am

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 · February 1, 2016, 5:26am

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 · February 1, 2016, 6:32am

Ouch !

masterOfDisaster · February 1, 2016, 6:35am

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 · February 2, 2016, 4:31am

@assistant liquidity

masterOfDisaster · February 2, 2016, 5:29am

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
        }

zoro · February 2, 2016, 7:53am

MoD is assistant?

Cybnate · February 2, 2016, 8:40am

@masterOfDisaster liquidity

let’s see

masterOfDisaster · February 2, 2016, 9:10am

nud getliquidityinfo B | head -n 18
{
    "total" : {
        "buy" : 83660.4996,
        "sell" : 99317.724
    },
    "tier" : {
        "1" : {
            "buy" : 40646.8208,
            "sell" : 36143.015
        },
        "2" : {
            "buy" : 20780.77,
            "sell" : 21409.759
        },
        "3" : {
            "buy" : 22231.4088,
            "sell" : 41764.95
        }
...
Tue Feb  2 09:08:31 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 8447.66,
            "sell" : 16075.8356
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 11661.39,
            "sell" : 7652.7734

Normally the real assistant beats me to it in terms of speed.
But I’m slightly more reliable
@assistant liquidity

masterOfDisaster · February 6, 2016, 4:41am

And there goes the ALP sell side at Poloniex:

But no worries - the NuBots still have NBT left:

Sat Feb  6 04:38:52 UTC 2016
status of (former) sell side gateway:
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
        "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
            "buy" : 5196.18,
            "sell" : 6435.2065
status of (former) buy side gateway:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 8665.69,
            "sell" : 3631.5769

The orders of the NuBots are a little bit more expensive than the ALP orders, but that’s by design:

dysconnect · February 6, 2016, 9:13am

Building new logistics is already an important one, but another large part of it is risk aversion. For instance, it can be done either with or without collateral; too small an amount might not worth my time to handle, a large amount requires collateral. With collateral, I do not like the lost opportunity cost except with possibly BKS, which might not need to be liquidated in a few months.

The collateral also has to be smaller than 100% because of cold / hot wallet risk - handling liquid NBT or BTC is risker than keeping illiquid funds in cold storage. Even without collateral, losing funds will cost me the trust and reputation that earned me the uncollateralized custodianship to begin with, which we can assume is usually larger than the amount of the custodial grant. All in all, to me there is a gap between the potential risks and incentives, and I have not yet found an appropriate compensation level to adjust for that. There’s also the fact that I’m not properly anonymous, so the risks are higher.

JordanLee · February 11, 2016, 10:10pm

With only 31% of liquidity being on the buy side according to Coinerella, I am activating as a backup liquidity provider. I will use NuLagoon Tube to exchange exactly 32 BTC for approxiately 12,000 NBT.