Current volume

[cryptog]

This has been touched upon in the past but it looks too cumbersome.

[Sentinelrv]

I see this listed in the NuBot Development Roadmap. Wasn’t this what they were talking about before here?

• 0.5.1 :

◦Futures markets integration

[cryptog]

◦Futures markets integration

Interesting. I have not noticed it until now. Not sure if it deals with something similar as what is talked about here. I was talking about this post.

But in the roadmap, what I think is going to contribute directly to the reduction of bitcoin’s volatility exposure is

• Parametric liquidity distribution models (configurable)

• Market-aware liquidity distribution models ( adaptive )
  because those features would limit the amount of NuBits that traders would have access to for protecting themselves from volatility, in my understanding.

[nmei]

Ok perhaps I’m missing something, but why could BCE not integrate fiat pairs…
If we can develop the USD ecurrency integration:

Enable easy selling/buying Nubits with e-currency USD

Here I try to make a centralized and coherent post to stimulate discussion on how to make it easy to sell and buy Nubits with e-currencies. Hopefully we can draw up a strategy, formulate a plan, and come up with proposals for relevant motions or custodian votes. tldr; here is a summary It's important for Nu to make selling/buying Nubits by e-currencies issued by payment processors and gateways. There are three ways to accomplish it: * official installation of Nubits to the processors wit…

There should be a way to hook this into BCE for those who are willing to be market makers for fiat.
I know all of this is nebulous code right now. But it should be possible? Not immediately, but eventually…

[mhps]

There should be a way to hook this into BCE

There must be a way to store fiat currency in multisig addresses so signers can control the release of the fund, in order for BCE to work.

The signers, like in any escrow, has to keep the fiat fund before releasing, not just the payment token (e.g. Perfect Money e-Voucher numbers), to prevent double spending.

I guess using APIs of fiat e-wallets (e.g. Perfect Money ) it could be done.

Interesting thougts.

[JordanLee]

B&C Exchange could be used to trade with funds held off supported blockchains, such as bank wires or cash. It would just utilize the escrow features mentioned in the design paper that are expected to be developed after the initial functional release.

[desrever]

I think some type of automated hedging built into NuBot would help with the volatility risk too. Not sure if that’s possible though. Maybe @desrever would know

What do you mean by “automated hedging” ?

I see this listed in the NuBot Development Roadmap.

Futures markets integration

Wasn’t this what they were talking about before here?

Yes, the link you provided is correctly pointed

[Sentinelrv]

What do you mean by “automated hedging” ?

I’m not a trader, so this isn’t really my area, but what Pennybreaker said in that thread seemed to make sense to me. Rather than expecting people to hedge with these futures contracts themselves, couldn’t we automate it so that liquidity providers don’t even need to worry about it? They would break even as Pennybreaker suggested, but they would still collect the full interest from the pool. Nobody seems to be doing this though, maybe because it seems too complicated. Here is what Pennybreaker said about making it easier by automating it…

“If this could be scripted or incorporated into NuBot so that contracts could be added and subtracted (through Okcoin api) as soon as custodian BTC holdings changed, we could effectively stop or drastically reduce the losses taken by exposure to NBT/BTC pairs. This would not require any special trading knowledge or market prediction. It would simply require that the bot know how much BTC is held and how much risk the leveraged account could take to avoid margin calls.”

Would this be possible to do so that liquidity providers are no longer exposed to volatility? Maybe it could be made optional for those who still wanted to take the risk.

[crypto_coiner]

B&C Exchange could be used to trade with funds held off supported blockchains, such as bank wires or cash.

That suggests BCEx can integrate fiat, bank account and manh other money services in itself thanks to the escrow.

[cryptog]

How long do you see Nu’s liquidity being dependent on NBT/BTC over the coming months and years?
In other words, what is your view on the part of liquidity provided by NBT/BTC over the total liquidity (cryptos pairs and FIAT pairs)
Right now, liquidity depends on bitcoin FIAT exchanges that price BTC against the dollar, which enables Nu to price NBT against the dollar, but do you expect that we would see NBT FIAT exchanges (Ex: Coinbase sells NuBits) soon or not?

[desrever]

Perfect, I just wanted to make sure we were talking about the same thing. Terminology can be ambiguous, we should find better vocabulary : Bot operators should “hedge” as in protect themselves from BTC drops , because traders uses NuBits as a “hedge” to exit Bitcoin when they fear drops.

[Sentinelrv]

Is this what futures market integration means on the NuBot roadmap? Still not clear on that. Just wondering whether something like this was already planned.

[desrever]

Yes, that is down along the roadmap

[tomjoad]

Up to $84,938 in trading volume for the past 24 hours, with eight different exchanges showing NBT volume.

[cryptog]

9th 95,858 usd

[cryptog]

$ 103,014

[tomjoad]

NuBits (OfficialNuBits)

[cryptog]

$ 109,631

[cryptog]

111,089

[cryptog]

$ 113,057