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:
@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
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.
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.
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.
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.