I like the method of operating of Nu Lagoon because it is very easy and most money is keeping safe off exchange. Having monies in control of single pseudonymous person makes me nervous still.
I promise to enter 25,000 NBT in a multi signature Nu Lagoon Pool B if it is made with any of these following as second and third signers:
@henry how much can you pay second and third signers? I know from private messages that @henry wants to make Pool B. The problem stopping it is no good signing people volunteering.
Let’s take liquidity pools to the next level in size and safeness!
I believe a multisignature Nu Lagoon would be safer than NuPool because most funds are keeping off exchange. It would also be easier non-technical people like me.
I can perfectly understand this. Honestly I would ideally want to see a sum like this in an independent LPC operation, but again the technical requirements are a barrier.
While I don’t know if I as another pool operator would be the ideal candidate to perform this task, I just would like to understand to responsibility for now: The signers are basically “only” required to be available at the time when @henry attempts to make a movement from tier 3 to tier 2. It is then in the obligation of the signers to verify that the corresponding transaction satisfies the rules and to provide or deny their signature accordingly. Is this correct?
I am honored to be in the list of your potential trustees.
I would be willing to become a signer if necessary, after reviewing the conditions for doing so.
We are planing to write a response to this thread. however, don’t got time to do so yet.
In short, we never give up the goal of setting up pool B, but building infrastructures and managing pool A manually already consumed most of our time now. We expect the situation will improved a lot when we develop and deploy our pool management system and the website of nulagoon.com
The network would see great benefit from someone moving forward with providing a multisig pool. It looks like @tomjoad, @cryptog, @mhps and @creon all have interest in signing. We need both TLLP and this type of pool for liquidity. This type of pool keeps most funds safe off exchange, and so it can offer much cheaper liquidity. So, TTLP will provide the bulk of immediately available tier 1 liquidity while pools like a multisig NuLagoon can provide deep tier 3 liquidity for a much lower price.
@henry are you in a position to move forward with multisig support soon?
Regardless of @henry’s answer, there is quite of benefit in decentralizing liquidity by duplicating this type of pool.
Thank @JordanLee for outlining the position of NuLagoon in the future of Nu liquidity operation. We will carefully exam and consider the suggestions, and will put more effort on the direction of multisig pool from now on.
Because the main purpose of the creation and operation of the Nu Lagoon is to contribute to Nubits’ success, we have no doubt to clarify here that we are happy to see that someone duplicate the design of the way Nu Lagoon operated.