I think Nu should fund and design an automated market-maker to bring liquidity into NSR markets. The ‘how exactly’ is still up in the air and there might be more than one implementation to test. Something similar has been proposed in this forum before, in various threads and I think it’s about time we move this proposal forward.
I have a specific proposal, i.e. bring liquidity to a NSR/NBT pair since we have control of both the buyside and the sellside.
I am also excited to open this discussion by making use of the alpha preview of a new service that will help DAOs like ours to bring forward the decisional process : Daology ( a round of applause for @Ben and @CoinGame that are getting out of stealth mode with this ) .
You can reach the updated text of this proposal at https://daology.org/u/desrever-nu/proposals/4a6a73c4d5f9d4a68752bbb1d41f823860888d26
This thread should be used to gather input and discuss the ideas, while the draft will stay on daology.org and being updated as we go.
I need inputs from the Nu community to modify and perfection this draft.
What do you think? How can we move it forward? What’s the first step? Other ways to fund buy and sell side liquidity than the ones I proposed? What are the risks?
I propose we start finding a couple of devs for the software, make a pilot grant of NBT and try using some future round NSR proceeds from buybacks (so that we don’t inflate supply).
This can be a win-win for Nu.