Current Liquidity

[assistant]

Hi @huafei

The current total liquidity in the Nu network is:

Bid: 42512.6008 NBT (42.47%)
Ask: 57594.3045 NBT (57.53%)

It is broken down in the following manner:

Tier 1:
    Bid: 11727.749 NBT
    Ask: 11059.15 NBT

Tier 2:
    Bid: 6845.87 NBT
    Ask: 10397.1545 NBT

Tier 3:
    Bid: 23937.4818 NBT
    Ask: 36138.0 NBT

[JordanLee]

Coinerella shows 15 minute buy support is only 34% right now. As a result, I will be transferring 25 BTC to @masterOfDisaster’s gateway within the hour.

Edit: this transfer of 25 BTC has 4 confirmations

[henry]

we should trade with NuLagoon when @henry’s here.

The service of NuLagoon Tube is available now, will it be useful in liquidity balancing for Tier4 managers?

[dysconnect]

FLOT would have to trade first, which is an extension of credit, though admittedly it isn’t any worse than other tier 3 alternatives.

FLOT will also require a refund of fees and spread. Then there’s the issue that one can currently only trade up to about 3000 NBT, which isn’t a good use of the signing overhead; I prefer something like 7000 NBT minimum, or basically 5% of total liquidity, at least for FLOT.

If special treatment can be made for the above considerations that would be nice.

[henry]

FLOT will also require a refund of fees and spread.

In order to make the service of the Tube sustainable, we will have to have resonable revenues by collecting Tube TX fees.

But, we are confident that it will be less costly for Nu shareholders to do liquidity operations through the Tube than tradictional exchange(poloniex)'s gateways

We just inject some fund into the Tube, now 10000 NBT availlabe on its sell side.

ps: The refund fee of NuLagoon Tube is lowed from 1 NBT or 0.01 BTC to 0.1 NBT or 0.001 BTC

[masterOfDisaster]

Edit: this transfer of 25 BTC has 4 confirmations

I wasn’t available to attend the deposit of the BTC.
Two deposits were registered by Poloniex:

Currency Amount Address Date Status BTC 20.00000000 1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi 2015-12-27 04:30:49 COMPLETE BTC 25.00000000 1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi 2015-12-27 02:36:00 COMPLETE

The gateway didn’t need manual intervention, just work like intended and started creating orders.

08:23:19.562 [Strategy Secondary Task] WARN  - Replenishing BUY wall. Since its size has been < 100.0 NBT for more than 15.0 minutes. [c.n.n.s.S.StrategySecondaryPegUtils:597]
08:23:19.565 [Strategy Secondary Task] INFO  - initOrders BUY [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:177]
08:23:20.395 [Strategy Secondary Task] INFO  - BUY- OrderBook : ----- BUY-side order book :
0.994001,0.0023923,1000.0
BUY wall volume : 1000.0
BUY tier2 volume = 0.0 NBT
Total BUY volume = 1000.0 NBT
Best price :0.0023923 (0.99400065$)
BUY balance left = 11741.23956159 NBT-----  [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]
08:23:20.398 [Strategy Secondary Task] INFO  - Trying to place 1 orders... [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:228]
08:23:20.698 [Strategy Secondary Task] INFO  - BUY wall order updated. ID : 990421649 size: 1000.0 [com.nubits.nubot.trading.TradeUtils:231]
08:23:20.704 [Strategy Secondary Task] WARN  - **BUY** orders re-initialized on  **poloniex** :  1/1 placed successfully
total amount placed : 1000.0
Tier1 order size : 1000.0
Tier2 cumulative order size : 0.0 (0 orders)
 [c.n.n.s.S.StrategySecondaryPegUtils:246]

Close to 7,000 NBT have already been traded.
28.2 BTC are left from the 2 deposits.
Checking the gateway logs I realized that the buy order gets consumed within minutes, but takes some time to get replenished.

The experience for traders would be better if the order size were bigger than 1,000 USD equivalent.
The drawback of increasing the order size would be increased risk in case the internet access of NuBot or NuBot itself had a malfunction that would leave orders at wrong rates.

I don’t intend to adjust the order size as I think the 1,000 USD value per order is a viable compromise between risk and peg protection - unless I get convinced to adjust the order size or instructed by a motion to do it.

Update
Status at the Poloniex gateway:
6,176 NBT left to be withdrawn (6,800 NBT have been withdrawn to BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js)
13.9 BTC left to be traded

Poloniex doesn’t calculate 1 NBT = 1 USD.
After withdrawing 6,800 NBT only 38 USD of my daily withdrawal limit are left.

[cryptog]

Polo sell side liquidity is zero.

[Nagalim]

So we overbought. Can @masterOfDisaster send from exit to entry?

[FSRT]

15,000 NBT has just been sent to @masterOfDisaster’s Poloniex gateway because network wide sell side liquidity had dropped to 35% and Poloniex sell side liquidity was less than 200 NBT.

@masterOfDisaster please send BTC proceeds to FLOT.

[dysconnect]

Just a note, those who wish to get some NBT right now can use NuLagoon tube.

[masterOfDisaster]

@masterOfDisaster please send BTC proceeds to FLOT.

That’s the standard procedure for deposits to my Poloniex gateways - whatever gets deposited to the gateways and converted (or not), gets transferred to a FLOT address;)

[cryptog]

Poloniex BTC/NBT
1438.1709 sell
19636.135 buy.

Polo needs 15k NBT additional to the sell side. @FSRT ? @masterOfDisaster ?

[dysconnect]

It appears that @masterofdisaster is placing 1000 NBT every time out of his 15k.

@assistant liquidity

[willy]

It appears that @masterofdisaster is placing 1000 NBT every time out of his 15k.

Parametric order books. NuBot places numerous orders. One with 1000 NBT with the lowest spread and reports this liquidity as T1.
The rest is placed as T2.OnOrders with a larger spread. NuBot submits this liquidity as T2. ALix also doesn’t consider it T1, because it’s > 1.5% away from our 1 USD peg.

It’s a tricky situation. If you see 1000 NBT figures somewhere on ALix, be sure to check the exchange order book for T2.OnOrders.

[cryptog]

ALix also doesn’t consider it T1

Would it be possible to also display T2 in Alix?

[dysconnect]

It appears that he’s trying something different this time, in order to reduce arbitrage risk due to a faulty or slow NuBot. Personally I think 1000 NBT is a bit too small, not large enough for people to want to send funds into Poloniex for a quick trade.

[Passed] NBT entry gateway on Poloniex provided by @masterOfDisaster

Round four 15,000 NBT credited at 2015-12-27 21:28: Currency Amount Address Date Status NBT 15000.00000000 BNCaRW9ZjSLeGkwCfMb48izHy2tXLAVR2i 2015-12-27 21:28:08 COMPLETE No NBT have been traded so far. 1,000 NBT on orders. Status at 2015-12-28 15,000 NBT have been traded for 35.3 BTC. Withdrawing the BTC needs to wait until the NBT from the “NBT exit gateway” have been withdrawn as both gateways share the withdrawal limit. Status at 2015-12-29 4 BTC have been withdrawn to 3QDWJ2yq…

[willy]

It’s hard to tell what’s T2 from a LP and what’s an order lurking for a profit by a third party.
Just looking at order books, you won’t see the difference.

I’m playing with a liquidity info verifier at the moment.
The idea is to verify the liquidity information on T1 and T2 with every block.

@dysconnect, mh. maybe.
Hope moD enlightens us

[masterOfDisaster]

It appears that he’s trying something different this time, in order to reduce arbitrage risk due to a faulty or slow NuBot.

Indeed I effectively disabled the parametric order book. But that’s the case since I started the NuBot gateways.
Single orders sized 1,000 USD value are placed (same for both gateways) close to the feed price.

It would be easy to remove that limit or enable parametric order book functions.
But that would pose some risks (which you already identified) I wouldn’t want to take on behalf of Nu.

[willy]

Single orders sized 1,000 USD value are placed (same for both gateways) close to the feed price.

Is the rest of the 14k submitted as T2 liq (on exchange)?

[masterOfDisaster]

It is. You can check the broadcast liquidity of the custodian address.