So you’re just saying we should make the FSRT a private escrow service? We do pay a fee to FSRT, that kind of business is not a free venture (just as B&C must pay its signers). I’d rather just wait for B&C.
I think you’ll find that any time Nu interacts with T1-3 directly we experience a loss. I’d much rather push back the threshold for direct interference by Nu rather than push it up. For example, we’re going to start selling NBT at 0.998 USD now from the FSRT.
My interpretation of these events is that we are having a hard time promoting T4 funds to T3. We need someone who will buy our counterparty risk, and no one feels comfortable stepping up. I see that as an issue with how that risk is being packaged and offered rather than an issue with the magnitude of risk: it’s really not much risk to hold a bunch of NBT when the peg is breaking upwards.
