I’ll start NuBot and move the funds to the trading account after they have arrived.
edit: mmhh… some minutes later and still not recognized by blockexplorer.nu (although it isn’t stuck)?
Did something go wrong (I broadcast the tx via a Nu wallet)?
I want to thank the FLOT members whose vote of confidence (@dysconnect, @jooize, @ttutdxh!) brought the sell side gateway at hitBTC into operation:
This shall be another step into the future of Nu’s once more evolved liquidity provision scheme!
ALPv2 to support dual support operations will follow.
Stay tuned.
Implementing a skew to literally just pull the price feed down by 1.5%. It may be brash and unelegant, however there is a very specific economic reasoning and justification for this decision:
The skew will be done in utils.py and will include a new config parameter for the client. The coding has been done, I’m just hoping to maybe do a little extra bonus debugging in the same hardfork (technical debt and all that). Anyway, I’ll update the github later today and give a hardfork schedule (probably fairly short warning, but I’m trying to time it with my daily schedule).
What is the potential arbitrage channel due to the unsymetric offsets?
What is the potential arbitrage channel due to your skew? I don’t quite understand
Check the price on Bter and the price on OkCoin. They’re off by 1.5% constantly. This is because of the fees Bter uses. When you deposit BTC and withdraw CNY, you win 0.5%; when you go the other way you lose 1%. That is the 1.5% difference. The same thing exists for NBT/CNY, except it’s more abstract because there’s no actual market to arbitrage that with other than the NBT/BTC and BTC/CNY charts.
^
Please feel free to deposit to sell gateways on Bter. Remember that exchange risk is a big factor here, but a thousand or two on BTC sell side (with a 500 T1 order size, holding the rest in T2) would really hit the spot.
You can select e.g. a horse as mount, or you understand it as “select amount”
Does that guide help?
To create a tx, the OP of the corresponding FLOT thread (in this case: FLOT US-NBT Operations (sell side)) has a lot of information, e.g. the redeem script including a link to Cointoolkit.
Creating a tx on Cointoolkit on mobile phone is…
…no fun.
Then you need to create an additional output sending close to 150k (minus 0.02) to the FLOT address.
Have a look at one of the old tx linked in one of the threads.
It’s easier to understand it that way opposed to listening to my poor explanation attempts
I verified it, but copy and paste on the mobile phone is a pain. I urge the next signer to check the NBT addresses again, although I’m quite confident they are right.