I’m not confused, you are leaving out the PyBot conveniently and change the discussion to SAF.
The PyBot gives me an unique perspective on the trades at 1.5% spread on Poloniex. I can tell you they are very, very low even when the volume was still at 10k/day. So the NuBots and Pybot are just sitting there almost idle which they are supposed to do by the way, but still keeping the peg.
That is the part I struggle with.
It is, but I don’t have the time to put up motions and have even more discussions.
Not sure why you are suddenly go down this alleyway as I didn’t raise costs as an issue. My focus is not in cost but in what it delivers. We need some volume and support a close peg for end users during low volatility periods. An ALP can provide that as LPs would typically withdraw during periods of high volatility leaving the gateways to defend the peg.
So I’m looking for low spreads (=<1%) to generate some volume and support end users and relatively small pools (<10k) as we have gateways defending alongside at the moment.
What is a small pool if not a low cost pool? If you pay x amount of money, you should expect to get y amount of liquidity. Your 10k estimate sounds like 20 NBT/day to me.
As for low spreads, on LiquidBits you are running a 1.1% spread on NBT/BTC, a 1.3% spread on NBT/EUR, and a 1.5% spread on NBT/USD. Why are you going on a crusade against NuPool when you could be leading by example?
Well your motion kind of forced me into that. I supported it because I thought it was good to set some standards about advertising spreads, but you also included high spreads into it which was already not great at the time which you can find back in the thread or related. You probably forgot about that discussion we had somewhere late last year. The only thing I could do is provide liquidity at lower spreads myself, which I regularly do.
My next proposal, if feasible to me, will indeed have a lower offset, probably more like 0.005 and will make a specific statement about overriding your motion. Time is working against me at the moment though as priority is with increasing demand of NuBits.
Be careful going down that low on spread, offset should not be lower than deviation. Your LPs might start trading with each other unintentionally during volatile times. That’s kinda where the minimums came from, practical lower limits.
So what do you want nupool to do? Your feed has effective veto over nupool operations.
My feed doesn’t have veto, that is a myth. There are motions and grants which has passed without my datafeed support.
Shareholders can add that grant manually easy or just subscribe to another feed temporarily. I guess it will pass anyway, it just takes longer. Besides I haven’t given it a definitive “no” yet, as I like to support the creators of ALPv2.
Changing park rates:
22d - 3.5% (changed from 3%)
1.5m - 7% (changed from 6%)
3m - 14% (changed from 12%)
Rationale park rates increase:
The standard is still increasing into the negative. We are not able to attract enough money to get parked looking at the new graph Backpacker is now providing to us. I believe some shares should be sold soon.
Changing park rates:
22d - 7% (changed from 3.5%)
1.5m - 12.5% (changed from 7%)
3m - 25% (changed from 14%)
6m - 7% (changed from 0%)
Rationale park rates increase:
The standard is still increasing further into the negative and NSR reserves should be sold. Therefore increasing the attractiveness of parking further. Added also a 6 month low rate to attract long term investors.