FLOT BTC Operations (buy side)

[masterOfDisaster]

Could @masterOfDisaster and @zoro start lowering the spread meanwhile they get more BTC?

What about this:
we leave @zoro’s and my gateway where they are for now and I use the proceeds from the NSR sale to run an additional gateway at a tightened buyside offset and a very tight sellside offset (currently there are no NBT on that account, but a fistful from a testrun)?

[zoro]

I set buy offset at 3% with 750 in T1.1 and 2000 total T1 amount. Sell offset stays at 0.45%

SELL 2969.9619375 0.0022685
SELL 1530.0380625 0.00188667
SELL 1500 0.00188292
BUY 750 0.00181457
BUY 1250.00000196 0.00179584

edit: 0.3% --> 3%

[masterOfDisaster]

I set buy offset at 0.3%

Do you mean 0.3% or 3%?
0.3% would be quite tight.
I’d rather test that tightness withess less funds, e.g. with the BTC from the NSR sale…

[masterOfDisaster]

@zoro, would you mind increasing your NuBot buyside offset (to 3.5% or 4%) to leave some room to my additional NuBot, that now runs at 2% buyside offset?
The other one continues to run at 7.5% offset, but doesn’t broadcast liquidity at the moment.

[zoro]

3.5 it is

[jooize]

10 BTC to @zoro and 10 BTC to @masterOfDisaster

Signed 4 of 5-of-8

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[mhps]

signed and broadcasted 8d60b1ae05d0f76a6238393e08d3c8bedfd66da9bf9bde433e9a7e20c90fc630

[masterOfDisaster]

I’m still a big proponent of a parametric order book.
At the moment we only have Poloniex as the exchange where NBT trades happen.
SouthXchange has some trades as well, but that is something for a different topic.

At Poloniex there’s currently
@Cybnate’s PyBot (1.4% spread, offsets each 0.7%),
@zoro’s NuBot (sellside 0.45%, buyside 3.5%) and two of
my NuBots (sellside 0.7%, buyside 7.5%; sellside 0.45%, buyside 2%)
providing liquidity with Nu funds (NuOwned operations).

So we have a nice parmetric order book provided not only within each operation, but by different operations as well.
If ALP starts to work again on buyside, it will be even nicer.

I consider this a significant risk and thought about withdrawing all but 10 BTC from this gateway:

[Passed] NBT EXIT gateway on Poloniex provided by @masterOfDisaster

36.36 BTC are in this gateway.

I know, this is the one where recently 10 BTC were deposited.
This is my rationale:
An offset of 7.5% is too much for regular operations (it just isn’t perceived as liquidty) and too small to stop a desperate bank run.
So there are 36 BTC at Poloniex doing not the best what can be done with them.
I suggest withdrawing all but 10 BTC to FLOT and have those BTC on the order book with offsets starting at 90%.

This reduces the risk significiantly (by 26 BTC) and doesn’t hurt the liquidity provision perceptible.
I’d like to keep the NBT, though, because they are still offered at a tight sellside offset and might be needed, if there’s a sudden rise in demand for NBT.

I hope that @zoro’s NuBot can stay at 3.5% buyside offset without runnging out of BTC soon.

[mhps]

I agree.

[cryptog]

I agree too.

[Nagalim]

Top priorities for btc from nsr sales:

1. People selling at <$0.95 on exchange

2. NuLagoon BTC withdrawals. These constitute a loan against NuLagoon and should be settled to keep in good standing. We may consider putting a cap on this in the future.

Note that on-exchange nbt black swan events are more important to prevent than NuLagoon defaulting, but both are critical to Nu’s survival.

[masterOfDisaster]

I agree with that list of priorities, except for the priority I’d like to introduce:

'0. Stop a bank run by placing BTC orders at huuuuge offset

'0. is being under construction
I see no reason to believe 1. isn’t under control at the moment.
That means we should care about 2.

This in turn means, care for

[ANN] NuLagoon Tube's Offset to 5%, and NuLagoon's Commitment to NuBits's Liquidity

hello I’m trying to withdraw my investment from Nulagoon too and havent been able to do it… Already sent a PM to @henry I really dont know if I’m not sending the 0.0001 btc the appropiate way or what’s going on… I just know I need my 2 k usd for personal needs and I have been for a week trying to withdraw it… would appreciate some feedback. thanks

@henry, how can FLOT send BTC to NuLagoon without having them put to NuLagoon Tube?
Are withdrawals prioritized over trading on NuLagoon Tube?
Otherwise sending BTC to NuLagoon Tube wouldn’t help to get this issue resolved.

[Cybnate]

@Cybnate’s PyBot (1.4% spread, offsets each 0.7%),

As the motion to change the Pybot spread from 1.4% to 1.0% has obtained more than 50 votes in the last 100 blocks, I’ve now updated the spread of both the Poloniex and Bittrex Pybots to 1% and going forward subject to FLOT approved changes.

Please consider use of PyBot.

If ALP starts to work again on buyside, it will be even nicer.

Not very likely to kickstart itself, will need to get lower spreads in the market, which won’t be easy.
We might need to survive the weekend with NBT holder realising that their orders haven’t been executed and they can’t withdraw without paying a 5% ‘fine’.
As said in another thread we need to increase sales of NSR to obtain BTC, I accept that it means lowering NSR sell price in a similar way as the buybacks has been performed.

[masterOfDisaster]

4 BTC to NuLagoon (not Tube, but 1NfmHm5RVTjkER2n3zGuMbRkeotJmkBrLj) to allow processing withdrawal

Please have a look here and the next posts, before signing it:

[ANN] NuLagoon Tube's Offset to 5%, and NuLagoon's Commitment to NuBits's Liquidity

hello I’m trying to withdraw my investment from Nulagoon too and havent been able to do it… Already sent a PM to @henry I really dont know if I’m not sending the 0.0001 btc the appropiate way or what’s going on… I just know I need my 2 k usd for personal needs and I have been for a week trying to withdraw it… would appreciate some feedback. thanks

Is it ok, if @henry calculates the amount of NBT, that get transferred to FLOT NBT address at the time of the arrival of the BTC?
Or do we calculate it based on the time, when we broadcast the tx?

Signed 1 of 5/8

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

@cryptog, @Dhume, @dysconnect, @jooize, @mhps, @ttutdxh, @woodstockmerkle, please verify and sign.

[woodstockmerkle]

Signed 2 of 5-of-8

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

verify

[jooize]

It’s surprisingly frustrating to copy the link and transaction from Cointoolkit in Safari on iOS. I fail to copy the link. I’d like to make Cointoolkit present them preformatted in Markdown, but I probably won’t get to that anytime soon.

Signed 3 of 5-of-8

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

[mhps]

signed 4 of 5/8 verify

[henry]

We agree the price set on the time when boradcasting. Please check and post the price on here when boradcasting the tx

[masterOfDisaster]

Please wait before processing this:

signed 4 of 5/8 verify

Until that:

[ANN] NuLagoon Tube's Offset to 5%, and NuLagoon's Commitment to NuBits's Liquidity

Because kimmel asked if he can withdraw in NBT

(please have a look at the conversation around that post) could be clarified

[cryptog]

I think the tx can be completed now according to what @henry said.