As much as I appreciate your efforts to create value for your customers by staking with the deposited NSR (on the behalf of their owners and not your behalf), I want to share some thoughts.
First I thought I should call it concerns instead of thoughts, but I found out that this would be in conflict with my understanding of what NSR holders are and what they are responsible for.
By minting with deposited NSR you contribute to the block chain security. That is good.
I expect no votes to be configured in the current minting mode because of this:
Having no votes configured means voting against all motions, custodians and park rate interest rates (above 0%). This is bad, but each NSR holder (and that is true even for those who decide to hold their NSR at exchanges) must be aware of the risk that comes with granting some other entity control over the NSR and excoin not only is open about minting with NSR, but also tells the minting ratio.
Whoever keeps NSR at excoin and not only trades there, is informed!
I highly appreciate your efforts in looking into the feasibility of creating configuration options for customers to vote with the deposited NSR.
Once again I caught myself thinking that this is the wrong way to deal with NSR. They shouldn’t be kept at an exchange even if they can mint there with votes configured by the NSR owners. But then again, if too many NSR are kept at an exchange and that leads to problems (due to centralization and the implications for the Nu network if a majority of NSR were kept at excoin and the minting power of excoin would be undermined by ddos or something else), it’s for sure not the fault of the exchange that tries to create good service, but the fault of the NSR owners who messed that up!
So I came to the conclusion that in the end I appreciate your efforts very much to create an even more amazing exchange with features like “minting with configured votes” that seem to be unique!
