Right now sell side is 65k and buy side is 107k. That means only 37.7% of the wall is on the sell side. Because this is beyond the 40% threshold, FSRT will begin selling NBT in the open market until the walls are balanced. A thread will be opened to conduct the sale shortly.
Hi @mhps
The current total liquidity in the Nu network is:
Bid: 96228.8082 NBT
Ask: 107751.5547 NBT
It is broken down in the following manner:
Tier 1:
Bid: 56296.7351 NBT
Ask: 55733.5731 NBT
Tier 2:
Bid: 6415.72 NBT
Ask: 5773.7073 NBT
Tier 3:
Bid: 26043.6 NBT
Ask: 40943.0 NBT
15 hours later … btc breaks out. Traders dump nbt. Wall balance restored. FSRT selling canceled , for now ?
We need a better way.
FSRT should always be available (24/7) helping custodians balancing walls in LPs 
What IS the difference between FSRT and LPs? Why not reinstate a bunch of shareholder-funded custodians which we ended who have 7/24 attention?
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Hi @JordanLee
The current total liquidity in the Nu network is:
Bid: 97915.628 NBT
Ask: 103370.5297 NBT
It is broken down in the following manner:
Tier 1:
Bid: 58060.531 NBT
Ask: 51852.4421 NBT
Tier 2:
Bid: 6881.72 NBT
Ask: 5273.7073 NBT
Tier 3:
Bid: 26043.6 NBT
Ask: 40943.0 NBT
With 51.3% of liquidity on the sell side it is time to stop injecting tier 4 sell side liquidity into the market. FSRT is very close, but was not quite ready to bring liquidity into the market due to a couple factors I believe will be explained soon (technicalities regarding safe handling of the considerable funds in their possession).
According, I brought 7479 NBT to market, which yielded 22.19 BTC, which now sits in tier 4 buy side liquidity, ready to contribute to share buyback.
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i think the differencies are:
- 1 NBT = 1 USD without spread and other exchanes’ factors
- no exchanges default risk
a manual non profit B&C exchange
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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.
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Very good question?
the BTC rally reminds me the period back in 2013 when it went above 1000$
if this happens also here, then NBT/BTC pairs will face a big challenge!
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Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 119809.2439 NBT
Ask: 84723.6339 NBT
It is broken down in the following manner:
Tier 1:
Bid: 62350.021 NBT
Ask: 36722.7129 NBT
Tier 2:
Bid: 10251.02 NBT
Ask: 3404.2414 NBT
Tier 3:
Bid: 42166.5727 NBT
Ask: 37478.0 NBT
Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 118511.3304 NBT
Ask: 72367.8047 NBT
It is broken down in the following manner:
Tier 1:
Bid: 61125.4037 NBT
Ask: 23329.9382 NBT
Tier 2:
Bid: 10178.79 NBT
Ask: 4657.7132 NBT
Tier 3:
Bid: 42166.5727 NBT
Ask: 37478.0 NBT
Hi @cryptog
The current total liquidity in the Nu network is:
Bid: 95287.7384 NBT
Ask: 88798.1254 NBT
It is broken down in the following manner:
Tier 1:
Bid: 41049.7249 NBT
Ask: 38404.7323 NBT
Tier 2:
Bid: 5622.55 NBT
Ask: 10842.6495 NBT
Tier 3:
Bid: 43208.25 NBT
Ask: 32963.0 NBT