FLOT US-NBT Operations (sell side)

Liquidity
#210

Thank you!
Looks like I fat fingered the protocol when manually creating the link. The “s” was missing…

#211

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.

3 Likes
Controversial actions from FLOT
#212
1 Like
#213

Im hardforking the cny datafeed. If you deposit now it will be used to arbitrage against the cny buy side.

1 Like
#214

Can you spell out how ?

#215

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).

#216

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

#217

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.

2 Likes
#218

my sell side Nubot at Bter.com is passed.and the nubot is setting up

please consider to balance the account to deposit address

BD6anJNUEvWuPEL7YWdid8dD3rar9C69Je

1 Like
#219

^
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.

#220

Consider adding your entry in the OP.

Select a mount and use the cointoolkit link in the OP to create a signable tx and paste it for FLOT members to sign.

Be careful to select a proper transaction fee and put the change, if there is any, to the original address.

#221

What does this mean and can i do it with mobile? Cointoolkit confuses me, if you walk me through it maybe i’ll finally figure it out.

Edit: ohhh, amount. Ok, so the txn fee spot is greyed out and says like 150k. I want something more like 0.02

#222

You can select e.g. a horse as mount, or you understand it as “select amount” :stuck_out_tongue:

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.

#223

Oh, do i have to make the change address myself? Yuck.

#224

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 :wink:

edit - bump:

#225

Yah, that’s the change address.

Everybody check this before signing plz. It gave me a ‘very’ high fee warning, which i thought dramatic. Anyway:

https://ttutdxh-nubits.github.io/cointoolkit/?mode=nubits&verify=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

#226

##1) 2,000 US-NBT to Bter sell side gateway by huafei; signed 1 of 3/5

01000000f41dfd5601eb0b8cff8510e8cf4f1bedfc3d3180e0815c0a3680d0015ec98275f495608d8001000000f8004730440220492aa83b91089e974aa9a0cd10391558ac9dba24c813953c8061ff62aba8fd650220175c159a1ae75ce8f8c70bacec2575402f9a63a61a59f77a68a2d20c11d975e4014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffff02002d3101000000001976a9145ed8be272ee94003a69f2efe25f0e0cedba12b6e88ac9872b5030000000017a914f35b24f264597d66ba8c366a5005824bb6a06138870000000042

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.

2) Activate masterOfDisaster’s sell-side gateway at Bter with 1,000 US-NBT; signed 1 of 3/4

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

Please look at this post before you consider signing the latter one!

2 Likes
#227

These 2 txns use different inputs (mine’s the 8k input, MoD uses the 1.6k input) and can both be signed and broadcast.

#228

OK. I should say decide an amount.

  1. Right click and open new tab/page on the cointoolkit link. Don’t directly left click on these links because the forum sometimes truncate long URLs, I think.

  2. Click on the “input” tab and select the smallest input that can pay the tx.

  3. Click on the “output” tab. Put “pay to” address in the address window, and the amount in amount window.

  4. press the “+” to create a new address line, and put the “from” address (look for the "Retrieved unspent inputs from address " message window. the address is currently BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js) to the address window so that changes will go back to the “from” address, or the change will all become the fee! Copy the current fee amout (e.g. 613.3936) from the fee window and subtract the fee you want to pay (it is 0.01 nbt per 1kb. So let’s say you choose the fee to be the usual 0.02), and put it in the amount (in this example 613.3736). Now you will see the fee becomes 0.02

  5. press “Generate”. Close the warning window on high fee. Now you see the sign’able raw tx in the text box. You can either post it in the forum, which wouldn’t look nice, or you copy the tx and click on the “verify” link at the top of the page, paste the tx to the big box and press “verify”. Examine your tx, and copy the “Shareable verification link” in the forum like verify

#229

@jooize, thank you for tidying up the OP!
Was there a specific reason to remove the link to Cointoolkit, which included the redeem script?