Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 88991.8017 NBT (57.76%)
Ask: 65082.8822 NBT (42.24%)
It is broken down in the following manner:
Tier 1:
Bid: 34024.2328 NBT
Ask: 24997.8319 NBT
Tier 2:
Bid: 8340.3 NBT
Ask: 3689.355 NBT
Tier 3:
Bid: 37547.2367 NBT
Ask: 31380.0 NBT
Hi @dysconnect
The current total liquidity in the Nu network is:
Bid: 83569.4552 NBT (60.42%)
Ask: 54755.7846 NBT (39.58%)
It is broken down in the following manner:
Tier 1:
Bid: 32238.6912 NBT
Ask: 14670.7343 NBT
Tier 2:
Bid: 4685.84 NBT
Ask: 3689.355 NBT
Tier 3:
Bid: 37547.2367 NBT
Ask: 31380.0 NBT
There is less than a Bitcoin in sell side liquidity at Poloniex and current total, network wide sell liquidity is near the 40% threshold. If it would be helpful I would be happy to purchase BTC with NBT from anyone supporting the buy wall at Poloniex so their funds could be switched to the sell side. Just contact me by PM here or Bitmessage at BM-2cXS5ezep1jUqeu8CwC6M4aTmMSxcFEHNN
It doesn’t look like the sell wall has been restored at all on Poloniex. That is a problem because most of our volume takes place there. I’m still available to sell NBT to anyone who will bring it to Poloniex. I will sell it for 0.998 to any known community member who states they will put it on Poloniex.
I don’t have much liquidity in BTC or PPC. Would it be feasible that I hand you 2000 BKS as collateral to sell 10000 NBT on Poloniex, and then give you a BTC amount to take back the collateral?
I appreciate the offer and would take it, except that NuLagoon just offered to bring the liquidity to Poloniex, and that process is much simpler and doesn’t require collateral. Perhaps another time. Sorry for the change.
Hi @JordanLee
The current total liquidity in the Nu network is:
Bid: 88028.4007 NBT (63.02%)
Ask: 51659.3232 NBT (36.98%)
It is broken down in the following manner:
Tier 1:
Bid: 42105.883 NBT
Ask: 7940.5004 NBT
Tier 2:
Bid: 5512.3 NBT
Ask: 6866.4587 NBT
Tier 3:
Bid: 36213.4882 NBT
Ask: 29100.0 NBT
The 40% threshold has been crossed and we will balance by selling 17,000 NBT to NuLagoon, which will then bring some NBT to Poloniex. Thank you Henry.
It seems that a lot of NBTs have been brought to the sell wall recently.
How much overall?
Those proceeds will be used for buybacks mainly, in my understanding unless some dividends are also distributed.
What I found very exciting is that despite the replenishments, the sell wall is being consumed.continually.
That could mean that the demand for NuBits is growing substantially?
Am I mistaken?
17,000 NBT from tier 4 sell side was just exchanged for 53.32 BTC, which goes into tier 4 buy side liquidity and will contribute to share buybacks.
Hi @huafei
The current total liquidity in the Nu network is:
Bid: 71700.7984 NBT (52.64%)
Ask: 64498.5255 NBT (47.36%)
It is broken down in the following manner:
Tier 1:
Bid: 39148.791 NBT
Ask: 11201.4083 NBT
Tier 2:
Bid: 4330.25 NBT
Ask: 7444.7531 NBT
Tier 3:
Bid: 25579.6961 NBT
Ask: 38100.0 NBT
This process has shown the absolute vital role T3 plays in providing a place for T4 sell side to put funds to influence the peg. We need to work on further decentralizing T3 and the interaction between T3 and T4.
Are we expecting signers to be arranging deals with NuLagoon like this? Probably so.
This seems to be the third consecutive day where the sell wall on Poloniex is next to zero.
There were some spikes, but no trend shift visible here.
Hi @JordanLee
The current total liquidity in the Nu network is:
Bid: 81486.1846 NBT (53.26%)
Ask: 71522.4125 NBT (46.74%)
It is broken down in the following manner:
Tier 1:
Bid: 31150.3903 NBT
Ask: 24644.2914 NBT
Tier 2:
Bid: 7799.21 NBT
Ask: 6207.757 NBT
Tier 3:
Bid: 38171.3292 NBT
Ask: 32918.0 NBT
The network wide balance is only slightly short on the sell side. However, because the Poloniex walls are currently only about 22% sell side and because we have had consistent problems keeping a sell wall at Poloniex the last few days, I am going to use my discretion to trade NBT for about 15 BTC with a community member who says he will put it on the Poloniex sell wall.