Current Liquidity

[Nagalim]

You should be an official T3 seller. You could make deals to sell or buy nbt off-exchange using your own funds. If you run out of buy or sell side T4 can just deal with you directly.

[zoro]

You may say that i am, somehow

[Nagalim]

Yah, but everything’s better with a contract. If we specify your duties, rules, and rewards we may be able to get a template such that others can also easily fill this role.

[zoro]

well, there is nothing exceptional. Just a little trust that the “walls” will actually be put in exchanges. And of course managing the ALP bots.

[Nagalim]

ok, but for instance getting word out that you are available for such a service. Or actually paying you with nbt as a custodian so that you can tighten up your spreads more. You know, stuff like that. We can make you more than what you are.

[zoro]

We can make you more than what you are.

i hope not! If i see this as a work-job, i may loose interest!
That’s how i am

[Nagalim]

Yah, of course, we don’t necessarily even need to mention you in the motion though. We could just create the infrastructure. Like ALPs. It would be interesting to get you a custodial grant address and simply have it submit everything in your NBT and BTC hot wallets as sell and buy side T3 liquidity, respectively.

[huafei]

@assistant liquidity

[assistant]

Hi @huafei

The current total liquidity in the Nu network is:

Bid: 57470.2866 NBT (45.21%)
Ask: 69644.0478 NBT (54.79%)

It is broken down in the following manner:

Tier 1:
    Bid: 12943.0147 NBT
    Ask: 21743.783 NBT

Tier 2:
    Bid: 3009.75 NBT
    Ask: 10276.9007 NBT

Tier 3:
    Bid: 36955.287 NBT
    Ask: 29871.0 NBT

[JordanLee]

Coinerella currently shows network wide tier 1 buy side is low at just 39% of the total. Can any liquidity provider (@henry, @zoro?) help bring some BTC to Poloniex from tier 4?

[henry]

bring some BTC to Poloniex from tier 4

NuLagoon can buy 40 BTC from Tier 4 now.

[JordanLee]

11964 NBT were purchased and placed in FSRT address BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi with 37.65 BTC from tier 4 funds. Liquidity is nearly balanced with 47% of tier 1 liquidity on the buy side.

[zoro]

i just woke up!
glad to see some balance. if more btc are needed, please let me know.

[cryptog]

Poloniex BTC/NBT 14218.3909 (ask) 21126.9306 (bid)
according to alix walls.

[zoro]

walls are now the opposite than a few hours ago!

[Nagalim]

Are we ready to talk about a 35% threshold, or are we still having fun watching fsrt buy one day and sell the next?

[masterOfDisaster]

A little bit of inspiration:

[Draft] FLOT and T4+6 - masterOfDisaster edition

BTC will be used to purchase NBT when the buy side funds falls below a 4 hour average of 35% of total liquidity in tiers 1, 2 and 3 for NBT. The amount of purchased NBT is calculated to restore the buy side to 45%.
[…]
If sell side liquidity in tiers 1, 2 and 3 for NBT drops below a 4 hour average of 35% of total liquidity, the FLOT shall sell NBT in the open market until the sell side is restored to at least 45% of total liquidity.

[Withdrawn] FLOT and T4+6

BTC will be used to purchase currency when a specific currency’s buy side funds falls below 35% of total liquidity in tiers 1, 2 and 3 for that currency until the buy side is restored to 40%.

[mhps]

falls below a 4 hour average of 35% of total liquidity in tiers 1, 2 and 3 for NBT. The amount of purchased NBT is calculated to restore the buy side to 45%.

This is fine with me. Even a wider band is OK.
(Didn’t you mean sell side when NBT is needed to be purchased and put into the wall?)

[masterOfDisaster]

Pinging @FSRT and @JordanLee (soon this will be replaced by FLOT )

I just want to confirm that my NuBots on Poloniex (one sell side only, one buy side only) are operational - in case the current BTC volatility requires NBT or BTC being injected into Poloniex T1 directly, because other means of adjusting the sides are not efficient enough.

I’ve tested their proper operation by providing the bots with small amounts of NBT and BTC:

12:14:19.590 [priceTriggerTask] INFO  - SELL- OrderBook : ----- SELL-side order book :
1.006,0.00280504,2.04669262
SELL wall volume : 2.04669262
SELL tier2 volume = 0.0 NBT
Total SELL volume = 2.04669262 NBT
Best price :0.00280504 (1.0059995456$)
SELL balance left = 0.0 NBT-----  [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]
[...]
12:21:04.003 [priceTriggerTask] INFO  - BUY- OrderBook : ----- BUY-side order book :
0.993998,0.00275483,2.3995828952
BUY wall volume : 2.3995828952
BUY tier2 volume = 0.0 NBT
Total BUY volume = 2.3995828952 NBT
Best price :0.00275483 (0.9939977606000001$)
BUY balance left = 4.799999953064571E-9 NBT-----  [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]

[Nagalim]

@JordanLee @FSRT big sells on poloniex