Current Liquidity

[henry]

I am afraid we have to clarify that NuLagoon uses Nu client’s liquidity info as official informations to make decisions, and NuLagoon have to manage its funds according to the rules which has been published and approved by Nushareholders. We will only buy more NBT from Tier4 when total sell is less than total buy.

[Nagalim]

I still have 9000 nbt, it is only not on the wall when my bot does stupid things.

[FSRT]

An additional 5.9 BTC was received for 1991 NBT. The trade was agreed to nearly a day ago, but just finalized.

The last trade we initiated was with Nagalim around 20 hours ago.

Because the walls are balanced, we are not selling NBT at this time.

The lowest price at which NBT was actually sold was $0.990.

[willy]

Order book liquidity is nearly 50:50 right now. Great job everyone!

[FSRT]

According to Coinerella 15 minute figures, network wide sell side is less than 38%. Poloniex sell side is only 17% of that market. Therefore, we are seeking to sell NuBits to someone who will make them available at Poloniex. @henry can NuLagoon assist at a price of $0.994?

[FSRT]

1626 NBT have been sold for 5 BTC. Because liquidity hasn’t yet balanced after crossing our threshold for sales 15 hours ago, we are still selling for $0.994.

[ttutdxh]

@assistant liquidity

[ttutdxh]

@assistant wakeup

{
   "time":1448042015,
   "blocks":623125,
   "total_buy":61460.1116,
   "total_sell":67639.2696,
   "tier1":{  
                    "buy":17150.686,
                    "sell":19816.4498
        },
   "tier2":{  
                    "buy":3015.46,
                    "sell":10197.4557
        },
   "tier3":{  
                    "buy":36700.9661,
                    "sell":29873
        }
}

[willy]

1626 NBT have been sold for 5 BTC.

Wow… how big is the next buyback going to be??!
I’m eager to find out.

[masterOfDisaster]

Would be easy to guess if the T4 BTC address were known…

[FSRT]

2500 NBT was sold for 7.6148 BTC. With the sell side at 47%, we will stop NBT sales now.

[huafei]

@assistant liquidity

[assistant]

Hi @huafei

The current total liquidity in the Nu network is:

Bid: 57362.4726 NBT (44.21%)
Ask: 72396.0646 NBT (55.79%)

It is broken down in the following manner:

Tier 1:
    Bid: 14653.1564 NBT
    Ask: 24564.9648 NBT

Tier 2:
    Bid: 2908.69 NBT
    Ask: 10205.7357 NBT

Tier 3:
    Bid: 36997.9194 NBT
    Ask: 29873.0 NBT

[zoro]

perhaps we will need to do the opposite with FSRT/FLOT?
to sell them NBT for BTC?
BTER has a really unbalanced sell/buy wall!

[Nagalim]

I have sent the rest of the btc from the $10k fsrt sent me. I still have like $3 remaining in the polo account, but I started with 2 nbt of my own money, so whatever. I now have level 3 verification on polo, but would kindly ask to be excluded from nubit sales for a little while, hopefully until a motion with a proper contract comes out.

[Nagalim]

BTER has a really unbalanced sell/buy wall!

I know I’m trivializing an important issue, but I’m not that concerned with this. I’m paying 10 nbt/day on buy side support, which has about 2500 nbt. This gives a 0.4%/day rate. Yes this is higher than a lot of other pools. However, when you think about how unbalanced some of the other pools get, The bter pools seem to ride the 0.2%-0.4% rate for the more difficult sides of the peg. I am not all that surprised by those rates, especially on bter where we know it’s hard to get LPs to deposit.

Do people think there is an actual asymmetry on bter btc/nbt that isn’t there on other pools? Meaning, are people more comfortable depositing nbt than btc? If that’s the case, I can try out asymmetric pool rewards like 15 nbt/day buy and 5 nbt/day sell.

[Cybnate]

I’m paying 10 nbt/day on buy side support, which has about 2500 nbt. This gives a 0.4%/day rate.

I had my concerns about this from the start. Fixed cost is expensive on less popular exchanges. Still not sure whether it is the best way to go and think it is a step back from the Dutch auction method. But we have been here before…

Do people think there is an actual asymmetry on bter btc/nbt that isn’t there on other pools? Meaning, are people more comfortable depositing nbt than btc? If that’s the case, I can try out asymmetric pool rewards like 15 nbt/day buy and 5 nbt/day sell.

Worth trying, interested to see the results in such an experiment on another exchange. I have an asymmetric setup for LiquidBits on the NBT/BTC pair on CCEDK. This assumed that the risk holding BTC is higher than holding NBT. However in times of scarce NBT this had a temporary adverse effect.

[masterOfDisaster]

Still not sure whether it is the best way to go and think it is a step back from the Dutch auction method.

Fixed cost helps finding out what compensation rate liquidity providers require for operating on an exchange. If this is considered too expensive, the NSR holders can decide to decommission the liquidity operation on such an exchange.

With increasing NBT adoption at exchanges I think it will become more and more important to distinguish between

• exchanges that have officially supported liquidity operations, compensated by Nu and
• exchanges which have a more or less close peg by arbitrage

[Nagalim]

Fixed cost is expensive

Say that to my 0.1%/day sell side.

[Nagalim]

OK now some bid side support on bter would be nice.