Current Liquidity

Polo needs a $10k buy. @zoro can you take some btc to market? Will you sell your nbt for $1?

I will make the transaction with Jordan or FLOT?
I have some NBT ready :wink:

Well, we aren’t under 40% anymore (btc price is doing crazy things). We need a system for this, maybe FLOT can make a private message with @zoro and do at least a test transaction if not actually bring a couple thousand USD to market?

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buy side in polo is very thin. FLOT can PM me to arrange a transaction to fix that :wink:

2 Likes

@assistant liquidity

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

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%

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

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.

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?

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 :wink:

@assistant liquidity

@assistant liquidity

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
}
}
}

1 Like

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

Just means that NuLagoon didn’t balance liquidity.

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 :wink:

$ 0.983610 at polo

@JordanLee @henry

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

1 Like

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
}