https://alix.coinerella.com/walls/
this paints a much more detailed picture. Is this accurate @willy?
A post was split to a new topic: Immediate response required from shareholders - Low sell side liquidity
I think NBT/BTC liquidity balance is a responsive market sentiment indicator on whether BTC price is to go up (ask low) or go down (bid low). Maybe we should promote the ask side percentage as the Nubit Fear Indicator in the wider community.
Nu liquidity intervention will spoil the fun, unless the calculation factors it out somehow.
Poloniex often has near zero sell side which is a risk to the peg. Nothing would be fun anymore if the peg breaks. Besides we also want to attract more volume there, riding on the tides. @assistant liquidity
Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 140502.0145 NBT (66.43%)
Ask: 71015.0195 NBT (33.57%)
It is broken down in the following manner:
Tier 1:
Bid: 87449.6992 NBT
Ask: 24843.1582 NBT
Tier 2:
Bid: 2369.53 NBT
Ask: 10617.319 NBT
Tier 3:
Bid: 45193.554 NBT
Ask: 29094.0 NBT
I guess Tier 3 all belongs to NuLagoon so perhaps 20k NBT can be sold to NuLagoon tier 1 in exchange for tier 3 BTC.
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Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 112510.79 NBT (60.11%)
Ask: 74658.3266 NBT (39.89%)
It is broken down in the following manner:
Tier 1:
Bid: 59422.1964 NBT
Ask: 24416.4953 NBT
Tier 2:
Bid: 2379.51 NBT
Ask: 14687.289 NBT
Tier 3:
Bid: 45193.554 NBT
Ask: 29094.0 NBT
@henry @JordanLee balancing NuLagoon T3 using T4 is a very efficient process given our current tools.
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We are actively managing fund according to the rules now.
“total” : {
“buy” : 122668.8792,
“sell” : 78877.5996
},
“tier” : {
“1” : {
“buy” : 69262.9009,
“sell” : 32896.3856
},
“2” : {
“buy” : 2380.41,
“sell” : 12372.2877
},
“3” : {
“buy” : 45514.6633,
“sell” : 27145.0
}
As you can see, we are keeping Tier 3 buy/sell ratio to Network buy/sell ratio. We are also actively balancing funds on exchanges which change quickly because of the high trading volume recently. We are not the only LP has Tier2 fund. so we can’t control Tier2 fund ratio.
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Thanks for doing your part. Who else has Tier 2?
Not sure about it. When we stop our NuBots, we see numbers in Tier2 is not zero.
Is there a way to tell what addresses are broadcasting T2 liquidity? @willy (sry but I’m not sure who would know about this). As far as I know, no one should be broadcasting T2+3 but NuLagoon.
My NuBot on hitBTC is (potentially) broadcasting tier 2 liquidity information as well, but no tier 3.
If you want to look at tier 2 info yourself, try this:
[nud] getliquiditydetails B
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Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 90127.6448 NBT (52.73%)
Ask: 80785.318 NBT (47.27%)
It is broken down in the following manner:
Tier 1:
Bid: 38050.3328 NBT
Ask: 37568.7953 NBT
Tier 2:
Bid: 3417.0 NBT
Ask: 8529.5997 NBT
Tier 3:
Bid: 45514.6633 NBT
Ask: 27145.0 NBT
i think that ALP servers that manage tier1 amounts will report the excess amounts as tier2? or not?
At the moment:
T2: all NuBots if enabled
T3: NuLagoon only
As accurate as data gathered every minute can be. Order books and bitcoin price are swinging fast at the moment, but I’m using the same price feed rules pybot uses with 1.5% tolerance from the dollar.
If the wall is there, it will appear eventually on the site. Trading frequency is not that high (yet.)
in case of BTC/NBT pair i have the feeling that buy wall is far more important than the sell one.
BTC speculators will be able to find other means (coins? fiat?) to “secure” their portfolio
if NBT liquidity isn’t available
thus the peg will be fine.
but in this case, NBT’s reputation is the one that gets hurt!
am i wrong?
You’re right that the buy wall is more important. The issue is that a tader that wants to sell their BTC right now and can’t find an NBT sell wall will use one of our competitors instead. Generally speaking, the peg breaking in either direction is bad for business.
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