Thank you for posting the references.
Without much thought I’m inclined to perceive NuLagoon Tube as extra service for which an extra fee is required (I don’t see the capping apply here) if Nu wants to make use of it.
There’s no need for Nu to use it.
But the FLOT might consider it useful, as it provides Nu with a means to move funds from T4 to T3 (and not to T1/T2 like with the gateways!).
I welcome the offer to have a reduced fee for that.
I typed a bunch of stuff a couple of hours ago but somehow the draft was gone. Now I’m typing a bunch more but it will be less organized.
Balancing NuLagoon Tube is not our job, but balancing NuLagoon is. Even if we don’t support NuLagoon Tube, we still need to balance NuLagoon. NuLagoon has refused a manual trade with FLOT on the grounds that a purchase can be made on NuLagoon Tube instead, which of course at that time would have costed 0.6%.
There are are times that NuLagoon Tube needs to buy liquidity from Nu, and there are times where Nu wants to help rebalancing NuLagoon. These tend to coincide a lot.
On one hand, if NuLagoon Tube can thrive and even become a market maker, anything we sell you will be resold for a profit, and Nu has no reason to sell cheap liquidity. On the other hand, if NuLagoon is unhealthy it poses a risk to Nu, but that job is already paid for by your management fee. If trading on NuLagoon Tube is to become an integral part of balancing NuLagoon, I have to point out that your business model is already subsidized by Nu.
For example, any BTC sitting on your exchange is supported by liquidity interests. That’s a few thousand NBT invested per month. This is unless you use BTC out of your own pocket, where you get hit by volatility, or invest a lot more and become a generic exchange that accepts traders’ funds. There’s no reason for Nu to pay to refill that BTC.
I also need to point out that NuLagoon Tube has probably diverted funds from Poloniex. It certainly causes some trouble for FLOT and some T3 people, but both FLOT and shareholders would accept that because it’s good for Nu in the long term. I hope all parties can keep proceeding with good will.
I might personally begrudgingly accept that remaining 0.2% until B&C Exchange rolls out; it probably costs lower than $100 a month for a few more months, not even out of my own pocket. On that regard it’s not worth our time to argue for. However, it is a very important precedent to our power balance with parties such as B&C Exchange in the future. Even if we can do it now, we must not do it forever.
Exactly.
NuLagoon Pools (A,C,D) is a service for NuShareholders and be paid by NuShareholders.
NuLagoon Tube is a service for NBT/BTC traders and be paid by NBT/BTC traders.
That’s not completely true. The option of manual trading with FLOT is still open, only this option brings much cost and risk to us. Most of time, we can’t respond to the request in time.
Although Nu has some historial record of selling NBT at price below $1, we definitely second this, NBT should be sold exactly at $1, not $0.998 nor $1.002.
Very true. All of us should focus on how to work together to offer better Nu services to attract more NBT users.
Deposit to Poloniex sell side gateway required.
TX created and signed my masterOfDisaster.
010000008e06995602512b78849407bdbfc665c38bded629af3b1fa6395e15f68ccffc0a10cf5c1e7801000000f900483045022100e3352a5e96d5c8c269121896f4f7554ee0a78645c20d0b1151b8c81346a0a95c02206a9312ad6646e0b2c217bc9462559e1f438984331694a700708b71497f51b042014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffff720edee6987d98ab4cdb768258393730dbff817c3d997e7ce6adc5d28992641d01000000f8004730440220511d5e8efef9092ae23bfa17592eed76251b835a611b236a1c92e63ffdc3180e02204df9640a75d5502ecfb6801f9a93b415116ed6f35f5bfdbcabead4e67b53d30d014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffff0200e1f505000000001976a914c2b412403ce1ed0576eb2318b3ce027bb5a06b0a88acac07f6050000000017a914f35b24f264597d66ba8c366a5005824bb6a06138870000000042
Please verify before proceeding.
Ping @Dhume, @ttutdxh, @jooize, @woodstockmerkle
Verified and signed by masterOfDisaster + jooize.
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
Your link is HTTP by the way. @ttutdxh: Please make Cointoolkit force HTTPS for generated links.
Verified and signed and broadcast: b830d5710dec6325dd07ae544afac4fd1773872e4bb53978408853193565a3bf
Impressive!
Funds almost there:
Currency Amount Address Date Status
NBT 10000.00000000 BNCaRW9ZjSLeGkwCfMb48izHy2tXLAVR2i 2016-01-15 14:54:53 PENDING (9 of 10 confirmations)indeed! faster than the Tube!
010000004f6c995604f210569a888880f83132bff60007870d3cdab6f4db6234abed58270edc10649c00000000fd400100473044022004298d2d72ca5475d5acb00e2fe98411db001b7b47149cdc7e0885ff223691d00220600f171ec1807f5b01f1fb39021b74598734ff631440a7d90924007acc2c6a96014730440220379ac8950a88ccca3d3413d73bc90b7142753e4761536194133c2818c1bdfff3022016c19e95c8c9ceccb526d42ece2b69dfff51678845930c1feeb194d6ef90440e014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffffbd3ca2f6db2324ff7869cd6f110c93a45b839aa143bcee7f87d798512ba148a501000000fd40010047304402204f245870810f54e2553da768d3506fe8ea1082a24b4e0944b6fd9a07c6d676c7022065a2749ea5e9c3fd4a31a96cd9191871c3333eaa6f858664fa622cfeac07c80c0147304402200ffdd5cd4c67ad015d3ad6486d7b0bc6f0e0ba111f13d563e0fb51417452f61602201ceb82a4617580e5cee4965eca9df66df272d831ed048b11b82b4b2a43cc6d60014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffff38be840ec09f77c0a8067117ecaf2460dab7819170f7fbd5a415d2d229004d2901000000fd400100473044022047f28b64d6ff5a475a1032cfc48baa1fff4ff3596172ae25b9481d3ccc70bea7022074b4103b0d33934d70b64f7a9c93253e02863a312b15a8dff0c45ad67a69772901473044022014b6f2e721316ae5d62bb53a416b204e3af0dd3d32dabc287badbf06f38c134e022018c23931cef0f6be357d380fc61f3a8bb2c3c9cac57e1459f5f92db513651512014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffffbfa36535195388407839b54b2e877317fdc4fa4a54ae07dd2563ec0d71d530b801000000fd4101004730440220104e6af7832b31535d2feb8aa86e0a3aefac4cbe41ada6a6ff59b08432e3570a022021cb3e4d017c1adb540435cd3e5474294b872f304111dd7e7202e316a0e3023401483045022100c81d08838e31ab0f1eb22eed65f2a891e2a30a34fccc5a986d01742b6b3037b302206471863b53c62b276d68b29aadecbc6a42d1cbfa16d362e0a5b9ca4d4cc0523c014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffff0200c2eb0b000000001976a914c2b412403ce1ed0576eb2318b3ce027bb5a06b0a88ac4099f0530000000017a914f35b24f264597d66ba8c366a5005824bb6a06138870000000042
Signed 2 of 3-of-5 – 20k to the (ab)used gateway
@joozie I moved this here
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We will need to check the block explorer.
This address really belongs to the sell side gateway. That is no abuse, but intended use 
Regarding abuse: I started the buy side gateway once more in “sell side mode” as there are still approximately 2,000 NBT to have a buffer until the 20,000 NBT arrive.
edit: I got feedback from nud (took some time).
tx ID seems to be 5a2ef01f6a6d3585953822a5c16a11163a7b3d90026ac04174b8b835a8da4bac (which can’t be seen yet).
edit2:
buy side gateway in abuse mode up to buffer until the 20,000 arrive at the sell side gateway:
22:55:21.038 [Strategy Secondary Task] INFO - SELL- OrderBook : ----- SELL-side order book :
1.005999,0.00268919,2006.60946727
SELL wall volume : 2006.60946727
SELL tier2 volume = 0.0 NBT
Total SELL volume = 2006.60946727 NBT
Best price :0.00268919 (1.0059990871$)
SELL balance left = 0.0 NBT----- [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]
22:55:21.045 [Strategy Secondary Task] INFO - Trying to place 1 orders... [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:228]
22:55:22.095 [Strategy Secondary Task] INFO - SELL wall order updated. ID : 1157125778 size: 2006.60946727 [com.nubits.nubot.trading.TradeUtils:231]
22:55:22.228 [Strategy Secondary Task] WARN - **SELL** orders re-initialized on **poloniex** : 1/1 placed successfully
total amount placed : 2006.60946727
Tier1 order size : 2006.60946727
Tier2 cumulative order size : 0.0 (0 orders)
[c.n.n.s.S.StrategySecondaryPegUtils:246]The tx size is above 1 kB. Shouldn’t that require 0.02 NBT fee?
I can’t find the tx id on blockexplorer…
It’s there:
http://blockexplorer.nu/transactions/5a2ef01f6a6d3585953822a5c16a11163a7b3d90026ac04174b8b835a8da4bac
Redacted some content that would lead to confusion.
update: the funds on the (ab)used buy side gateway are gone. We need a deposit to the sell side gateway soon…
update2:
Just in case it might be required (if the buy side should run dry) I started the buy side gateway in normal (buy side gateway) mode as I’ll be away, like I said…
Can’t let the two gateways run simultaneously - they consume too much RAM together with nud. Sorry.
1k sell, 8k buy on polo.
Sell side on Polonies is safe for now:
23:19:50.007 [priceTriggerTask] WARN - Putting a cap on SELL liquidity available. [Total Balance : 17000 NBT ; capped @ 6000.0 NBT] [c.n.n.t.L.LiquidityDistributionModel:85]
23:19:50.012 [priceTriggerTask] INFO - SELL- OrderBook : ----- SELL-side order book :
1.005998,0.00265631,3000.0
SELL wall volume : 3000.0
SELL tier2 volume = 0.0 NBT
Total SELL volume = 3000.0 NBT
Best price :0.00265631 (1.0059977232$)
SELL balance left = 14000.0 NBT----- [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]
23:19:50.017 [priceTriggerTask] INFO - Trying to place 1 orders... [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:228]
23:19:51.028 [priceTriggerTask] INFO - SELL wall order updated. ID : 1157483420 size: 3000.0 [com.nubits.nubot.trading.TradeUtils:231]
23:19:52.196 [priceTriggerTask] WARN - **SELL** orders re-initialized on **poloniex** : 1/1 placed successfully
total amount placed : 3000.0
Tier1 order size : 3000.0
Tier2 cumulative order size : 0.0 (0 orders)
[c.n.n.s.S.StrategySecondaryPegUtils:246]We have 0 nbt on sales in Polo. We need to send 10k nbt to the sell side of polo.
The sell side has funds. 20,000 were deposited. 3,000 are on order at a time:
I’m more concerned about the buy side. The buy side gateway can’t run simultaneously due to lack of RAM and I have no time to move it to another device…
Let’s hope that the buy side survives for some hours…
You can check the liquidity with
nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2
"BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
"buy" : 23579.79,
"sell" : 10963.0Remember that the buy side funds on the sell side gateway won’t be put on order! It’s a gateway. You can just check whether there are still sell side funds left (9,000 of the 20,000 that were deposited have already been traded)!
See you later - hopefully with an intact peg!
Just as a reminder I’m not a member of the NBT group.
Done. That might unnecessarily have pinged dysconnect, but was for the greater good
Maybe these threads dealing with FLOT liquidity operations (NBT, BTC, NSR related etc.) should have an OP in wiki mode.
Can some admin do that, please?
Says in unison with self: the greater good.
Can specific people be granted access only? Might not matter, but I’m curious and it might be useful for other situations.
Former sell-side gateway:
"BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : {
"buy" : 13430.43,
"sell" : 4183.0751
},
Former buy-side gateway:
"BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
"buy" : 12722.58,
"sell" : 1679.2886
},
Buy: 13430+12722=26152 USD (in Bitcoin)
Sell: 4183+1679=5862 US-NBT
Total: 26152+5862=32014 USD
I suggest we refill with 15,000 12,000 US-NBT split across both dual-side gateways.
BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw is the address to refill former NBT EXIT (sell side) gateway dual-side NuBot. Broadcasts liquidity as BETwD8nSjtj9ADSvej2na34xmsMYwPRymv.
BNCaRW9ZjSLeGkwCfMb48izHy2tXLAVR2i is the address to refill the former NBT entry (buy side) gateway dual-side NuBot. Broadcasts liquidity as BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP.
4183+5000=9183
1679+7000=8679
Agree, verify and sign.
Fee is 0.03 US-NBT because the transaction is already almost 2 kilobyte.
@masterOfDisaster: How did I do?