Current Liquidity

[ttutdxh]

@assistant liquidity

[dysconnect]

About 13000 NBT worth of BTC will be needed to balance the liquidity. Will you be able to buy about 36 BTC?

[mhps]

I know polo is important. But is FLOT to react to individual exchange’s liquidity condition? https://alix.coinerella.com/walls/ shows that overall ask:bid is 54.69%: 45.31%

[zoro]

I think we should be proactive than to run the last minute.

[dysconnect]

It’s a tough call; Poloniex isn’t just important, but the only exchange that really matters, and USDT is always waiting to eat away our market share. The pairs in other exchanges don’t function most of the time.

If we have a mostly reliable tier 3 there would be fewer worries. A mostly automatic tier 3 pool is pretty much in reaching distance so it is important to get down and implement it.

[masterOfDisaster]

overall ask:bid is 54.69%: 45.31%

This is the T1 situation.
FLOT should not try to balance T1 sides with T4 funds.
T2 funds should be used to balance T1.
T3 funds should be used to balance T2.
And once there’s demand to fill T3 funds, it’s time to involve FLOT.

I haven’t updated my interpretation of the tiered liquidity model for a while and I think it’s more helpful if the community and NSR holders evolve that idea if they think it’s worthwhile.
Want to have a look at it?

Interpretation of the liquidity tiers, a waterfall model, triggers, metrics and actions

Continuing the discussion from Tier 4 Fund Management Discussion: The "Tier 4 Fund Management Discussion" would greatly benefit from an overview of the all liquidity tiers and an understanding how they interact with each other. The "Finalized evolution of liquidity operations" defined the different tiers, but lacks the feedback loops between the different tiers. The category "NuShares" might not be ideal, but I haven't found a better one. TL;DR The current Nu liquidity operation still is ra…

[zoro]

i agree with the tier flow but until we reach a concensus, T1 and T4 should interact to keep the peg, consider it as an “emergency measure”. clock is ticking

[huafei]

@assistant liquidity

[dysconnect]

@assistant liquidity

[huafei]

nud getliquidityinfo B
{
“total” : {
“buy” : 72687.4566,
“sell” : 58609.7511
},
“tier” : {
“1” : {
“buy” : 19774.2965,
“sell” : 17019.6604
},
“2” : {
“buy” : 9108.72,
“sell” : 2281.7266
},
“3” : {
“buy” : 40049.436,
“sell” : 31556.0
}
},
“custodian” : {
“B8BxkGL8kK6X9fBxbeEBHwaSTCLuvvHqAM” : {
“buy” : 2148.5341,
“sell” : 0.0
},
“BA9tumP4zyM1g2M8ZNieD2iAnMgdVPuQe3” : {
“buy” : 8112.5034,
“sell” : 6843.9751
},
“BAt6MK2WEy2xzZbERe858kyDPahB1vLcVY” : {
“buy” : 48.1447,
“sell” : 9468.7267
},
“BB5zg2yioLL86D4XvD3s2wpAGFqxWPxbCL” : {
“buy” : 1020.289,
“sell” : 0.0
},
“BBZ4h88BwYCyE9q268LoArps6eodq9PDGH” : {
“buy” : 3220.89,
“sell” : 1391.725
},
“BETwD8nSjtj9ADSvej2na34xmsMYwPRymv” : {
“buy” : 0.26,
“sell” : 0.0998
},
“BEU9G1YCwCtaVa3mMPvX4NcqKngbA2jJ7C” : {
“buy” : 538.0363,
“sell” : 4344.5375
},
“BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP” : {
“buy” : 0.26,
“sell” : 0.0998
},
“BHQJN5NnDimvTC9Md6a3Lc8sNkHGiizTMo” : {
“buy” : 0.0,
“sell” : 0.0
},
“BPLdB3cUa6RupfbDL1Xuh7QDAmbtoXyFNh” : {
“buy” : 7061.7931,
“sell” : 0.0
},
“BRyTGZz1pjgjRZDiVmuogZ7awPkdaXCVNd” : {
“buy” : 0.0,
“sell” : 0.0
},
“BTRnV9uLSPVJw4jn1JMV2Ki2cfFqPYip9o” : {
“buy” : 50536.746,
“sell” : 36560.5872
}
}
}

[zoro]

alix.coinerella.com
shows the opposite!
what to trust?

[dysconnect]

Just means that NuLagoon didn’t balance liquidity.

[zoro]

well, my BTC wall in polo has reached the 2.4 BTC.
I have a lot of NBT for exchange to balance the buy wall

[huafei]

$ 0.983610 at polo

@JordanLee @henry

[Nagalim]

The FLOT can do this now. Somebody forge a txn with henry or zoro and the multisig account.

[masterOfDisaster]

No need to panic.

BTC/USD rate according to Bitfinex results in a USD/BTC rate of 0.00266439:

Poloniex NBT/BTC pair orders:

The best sell orders are at 0.00266306 and the buy orders at 0.00263556.
Sell side is at $0.9995
Buy side is at $0.9891.

With increased BTC volatility, the NBT/BTC orders will sometimes lag behind the changed BTC/USD price. And depending on the price feeds that are used, there will be some difference added to it.
But if you sell side prices below $1, you know that the wall shift is upcoming.
The spread between $0.9995 and $0.9891 is ok (roughly 1%).
There several were seconds between the screenshots I took. This adds some uncertainty as well.

The overall buy and sell sides are not very imbalanced - it’s just the walls on Poloniex that are quite imbalanced:

{
"total" : {
"buy" : 73542.1449,
"sell" : 59820.813
},
"tier" : {
"1" : {
"buy" : 20701.8288,
"sell" : 18230.7223
},
"2" : {
"buy" : 9041.81,
"sell" : 2281.7266
},
"3" : {
"buy" : 40049.436,
"sell" : 31556.0
}

[Nagalim]

The 15min average on alix is 37% in that image. As an FLOT member, do you @masterOfDisaster not think we need a rebalance txn now? You have the authority to say as much.

[dysconnect]

Currently Tier 3 is mostlytheoretical so I hope some FLOT members can help trading with Tier 1/2 LPs.

[masterOfDisaster]

I sit between two chairs as such.
Sufficient orders in buy and sell sides at all exchanges that are officially supported by Nu (by paying for liquidity operations there) are important and would like to balance them over and over to keep them balanced.

The screenshot shows T1 that is really on the order books.
getliquidityinfo showed

"total" : {
"buy" : 73542.1449,
"sell" : 59820.813
},
"tier" : {
"1" : {
"buy" : 20701.8288,
"sell" : 18230.7223
}

One Poloniex side is low, while on other exchanges the situation is vice versa.

The decentralized design of the FLOT will make the FLOT always slow in balancing walls, especially in times of rapid BTC/USD rate changes maybe too slow.
Nu needs fixed compensation rather sooner than later (ideally with the opportunity to temporarily increase compensation for a low side) as well as a supporting T3.

This is nothing the FLOT or @JordanLee should be concerned with.
But until we have fixed compensation and a working T3 scheme, the FLOT needs to try to balance this.

[Nagalim]

so you do agree that a txn needs to be made today? i would suggest that we need to move $10k to buy side.

This is not ideal, but it will give FLOT practice and shareholders confidence that they can act responsibly in time of need. Also, the FLOT needs to get together to sign the NSRbuyback Txn today anyway, so it’s actually kind of convenient to do both at the same time.