Current Liquidity

[woolly_sammoth]

poked. should be good now.

[masterOfDisaster]

Once more the ALP at Poloniex (sell side) was emtpy for close to six hours, having only quite thin orders before and after:

Still the peg is fine:

With almost all trade volume on Poloniex:

For those who might wonder how that’s possible

[Nubot Gateway] Poloniex @zoro (sell offset:0.25% , buy offset:5% ) - stand by

This is the thread in order to make available the details about the passive Nubot gateway in Poloniex and to report the status and other information. A level 3 account is created in Poloniex connected with my main account and secured by 2FA. The Poloniex addresses that FLOT may use to send funds are: BTC: 1FVEuU6FeUL7HyVq73gkBdVxN1AJGV7QVd NBT: BEDJCrAZA9P7cvUm2vvSgkmEebVtKhZZ5V

[zoro]

We are all convinced (don’t we?) that nubot gateways are the best solution now to keep the peg. But one nubot is not enough, it introduces the “single point of failure” principal. Let aside that it is very stressful for only one operator to be “responsible” for keeping the peg in Poloniex!

[crypto_coiner]

et aside that it is very stressful for only one operator to be “responsible” for keeping the peg in Poloniex!

Solution: more nubot gateways on reliable exchanges (let us do some PR) and polo?

[masterOfDisaster]

Let aside that it is very stressful for only one operator to be “responsible” for keeping the peg in Poloniex!

Be happy that BTC is not very volatile at the moment, that you have a reliable NuBot configuration, backup operators (Nagalim, me) in case they are needed, a well-funded operation and people who keep an eye on the market and fund your NuBot account if necessary
You do well! Go on!

[huafei]

with the term 8 of nupond , i want to run a nubot at bter for NBT/BTC.

but i don’t know with style we should use to. gateway for both buy and sell? or single buy and sell side ?

[Nagalim]

I think you should run a single sell side NuBot. That would mean Nu would give you NBT to put in NuBot and you would return BTC to T4 every so often.

[zoro]

By checking Alix today i see that sell wall in polo is very thin (compare with buy wall) but only in Polo!
This made me think that perhaps some altcoin traders in Polo are using sophisticated bots which use NBT
as the stable asset during an altcoin betting. Thus the unstable BTC is out of the equation and it is used only as a medium for the trade pairs.

[JordanLee]

Because the sell side as shown on Coinerella dropped below 35% I am activating a backup liquidity provider. I will convert 10,000 NBT to BTC at NuLagoon Tube momentarily using NBT address BT9AWq9r1i6…

Edit: BTC proceeds were 24.23705, which is eligible for the NSR buyback calculation.

[dysconnect]

NuLagoon itself is a bit short on buyside, although Tube T1 has excess. If NuLagoon indeed needs to be balanced, FLOT will be able to act quickly. For Polo, FLOT and T3 custodians will take care of the situation, but it’s a structural problem that ALP fails to regulate itself through Tube. The best action now is to perhaps ping @henry and send NBT to moD’s gateway.

[Cybnate]

It is clear that the reliance on ALPs for highly volatile pairs as NBT/BTC is too big given their inherit performance due to the nature of the provisioning. I think we need ALPs with funds locked for certain amounts of time to keep it decentralised and reducing the risk of Nu funds on the open market. I hope that it will become possible with BCex and/or ALPv2/v3? A model with the shorter the funds are locked the lesser the rewards should address the current issues.

In the mean time the NuBots/PyBots operated with Nu funds needs to be scaled up imo.

[mhps]

Fixed Cost pools would help and be responsive at that.

[JordanLee]

With less than 2 NuBits on the Poloniex sell side, I would like to send 10,000 NBT to a gateway immediately. What is the most appropriate gateway to send to at this point?

[Nagalim]

MoD’s

[JordanLee]

MoD’s

What address and how can I verify that? I thought I just saw a post on a gateway thread saying the MoD gateway was out of service until further notice.

[Nagalim]

BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw

FLOT US-NBT Operations (sell side)

As a reminder: my “for emergencies only” NuBot on Poloniex is still in active standby. I check it from time to time and did so a few minutes ago. It’s operational.

[masterOfDisaster]

I put one of the gateways in what I called "active standby, because I can (due to more travelling activities of my day job) not ensure a monitoring and operation on the previous level.

I checked the NuBot right now.
It’s operational.
I’m on the road, but will try to keep an eye on tx that need to be signed.

The deposit address is in the thread I linked above or here:

FLOT US-NBT Operations (sell side)

Relevant FLOT Operations Thread FLOT Bitcoin Operations (buy side) FLOT NuShare Operations (buy side) FLOT BlockShare Operations (buy side) FLOT Peercoin Operations (buy side) Tier 4 Fund Management Create multisig transaction with Cointoolkit (Daology article) Addresses masterOfDisaster (former) NBT EXIT gateway address (now dual side) BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw (use in emergencies only until further notice!) @masterOfDisaster (former) NBT entry gateway address (now dual side) …

[JordanLee]

10,000 NBT was just sent to BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw. @masterOfDisaster, please send BTC proceeds to FLOT.

[masterOfDisaster]

I will as soon as they are traded and I’m back to my PC (the latter can take until tomorrow).
Up to 6,000 are on order with parametric order book.

[dysconnect]

I updated the reference thread for easier access to gateway information.