Current Liquidity

[masterOfDisaster]

It looks like NuLagoon “imbalanced” NuLagoon Tube to balance the overall network buy and sell side.
It was not done by trading at the Tube according to the reported trading volume at ALix:

https://alix.coinerella.com/volume/gui_index.php

which shows only $3,000 volume.

@henry, can you confirm?

[Nagalim]

You can see the txn here:
http://nulagoon.com/

It doesn’t show up on alix cause that’s always a day behind.

[huafei]

@assistant liquidity

[Nagalim]

Assisstant bot is dead. Try this:
https://alix.coinerella.com/panel/

[zoro]

@henry , @muchogusto
your nubots probably need a manual restart since i see a large amount at sell side at large offset!
I am performing a daily restart or even twice a day in my gateway nubot

[Dhume]

Sell side has been below 40% all day, is Alix tripping up or are the Nubots malfunctioning?

[Nagalim]

Nubots malfunctioning. Check the polo order books

@willy

[mhps]

alix wall is showing buy side 65% overall, and polo having 6k on each side. What is the real liquidity situation? Should we sell nbt now?

[Nagalim]

NuLagoon just announced this:

Poloniex: 11014 NBT + 0.0 BTC

@henry why is this not showing up on ALix?

[henry]

why is this not showing up on ALix?

let me check

[cryptog]

What s happening?
Nulagoon has 0.77 nbt on the sell side?!
Is that real?

[masterOfDisaster]

BTC price made a jump and traders emptied all orders, that wee placed at a tight spread.
NuLagoon can’t even balance the operation at Poloniex:

nud getliquiditydetails B | grep BTRnV9uLSPVJw4jn1JMV2Ki2cfFqPYip9o -A 1000 | grep poloniex -A 2 | tail -n 1  | awk -F':' ... and some more stuff
        "1:NBTBTC:poloniex:0.3.2a_1464322560378_083b7a" : {
            "buy" : 0.0,
            "sell" : 6014.1664
--
        "2:NBTBTC:poloniex:0.3.2a_1464322560378_083b7a" : {
            "buy" : 1.06,
            "sell" : 0.0

unless there are BTC funds beyond those used for NuLagoon Tube:

That’s the prime reason for a parametric order book even - or especially at - USNBT/BTC!
If you have orders at an increased spread, they live longer, support the peg and reduce the risk of a total peg failure.
When will people start to realize that?
Maybe they should try to keep the peg with gateways at Poloniex during a BTC rollercoaster. They will come to the only economically sane conclusion:
if you don’t provide incentives to slow trading under certain circumstances, you’ll end up with empty sides and NO peg support at all.

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

Good to see that there are over $9,000 on the buy side to support the peg on your gateway alone. I don’t know about @Cybnate’s, but there might be some more. Just imagine Nu had to rely on operations at a very tight spread that can get emptied in the blink of an eye if BTC starts to go haywire.An increased offset is not after the fancy of the traders. They refrain from trading.That way the NuBots can support the peg longer than T1.1.As long as they have funds, the exchange rate can’t get beyond their spread.The quality of the peg is of course perceived as worse than with funds on T1.1, but better have orders at an increased spread than no orders at all!It’s still working, because it’s economically sound.

[crypto_coiner]

slow trading under certain circumstances

What is slow trading?

[masterOfDisaster]

The opposite of high frequency trading.
Maybe I should call it low frequency trading.
As the volume plays a role as well, maybe “low frequency low volume trading” is what I should’ve said.

[JordanLee]

I only have 26 shareholder BTC, and I am going to put that up on Tube in the coming minutes (probably in two transactions). We need additional action from FLOT or @Dhume to balance both Poloniex and Tube as soon as possible.

Edit: 26.04 BTC has been traded with Tube. I don’t have any NuShare holder assets except USNBT at this point.

[JordanLee]

I would like to suggest we fully deploy the NuSafe funds from @Dhume, perhaps 20k to Poloniex and 10k to Tube. I would also suggest FLOT place 20 BTC at Tube and place 30 BTC under my control by sending it to 15nBBDbbjVVBjt1XoEcCBhpuKKYmeTCXx8, my paired NuLagoon Tube address. This way I can provide faster balancing than FLOT can, as I did an hour ago.

If reserves get any lower than they are right now I think FLOT should place NuShares for immediate sale on Poloniex and on the forum.

Thoughts on this course of action?

[masterOfDisaster]

26.04 BTC has been traded with Tube

Thank you for stepping in.

I would like to suggest we fully deploy the NuSafe funds from @Dhume

Why so?

Thoughts on this course of action?

Sure. Have this tx I created 3 hours ago processed:

FLOT BTC Operations (buy side)

The liquidity situation got derailed by BTC’s price jump. The buy side is almost empty (except for e.g. @zoro’s NuBot gateway at Poloniex): [image] status of the ALP last 15 minutes: bid total 7807 USD, bid side ratio 6% ask total 116152 USD, ask side ratio 93% I propose trading 65 BTC at NuLagoon Tube to balance the situation. That leaves a remainder of 15 BTC that might be useful to fund gateways if need be. 65 BTC ($30,732) to NuLagoon Tube and 4.23 BTC ($2000) to Cybnate’s Bittrex Py…

[cryptog]

Sounds good to me.

[Nagalim]

Sure. There’s already a txn out for the tube and cybnates gateway. Deploying NuSafe and sending some btc to you would be alright too.

Sucks btc went up instead of down while we held the safe, but that’s life.

[Nagalim]

NuShares for immediate sale

We’ll be placing something like $3k nsr this coming week. I think we should not panic and let this go through as planned.