FLOT US-NBT Operations (sell side)

[masterOfDisaster]

Both tx are already signed by two members.
One should be signed by a third.

[ttutdxh]

I will sign it as soon as sell side starts to drop. For now I see it static/growing.

[masterOfDisaster]

Your feedback is highly appreciated.
Please ensure to select the right tx in the first step (20k to my gateway) and keep the other tx (65k to multiple gateways) for step 2.

[dysconnect]

There’s close to 40k on the sell side albeit at rather high spreads. I’m not sure 20k is a good amount, but I appreciate the effort. I’ll sign the initial 20k as soon as the ~5k on sell side is consumed or there’s considerable sell-side volume on the Tube.

[masterOfDisaster]

at rather high spreads.

This is a price feed issue.
I use bitfinex at the moment.

The relevant order parameters of NuBot are currently:

“bookSellwall”: 2000.0,
“bookSellOffset”: 0.01,
“bookSellInterval”: 0.002,
“bookSellMaxVolumeCumulative” : 6000,
“bookSellType”: “lin”,
“bookSellSteepness”: “low”,

“bookBuywall”: 500.0,
“bookBuyOffset”: 0.075,
“bookBuyInterval”: 0.01,
“bookBuyMaxVolumeCumulative” : 3000,
“bookBuyType”: “lin”,
“bookBuySteepness”: “low”

I’m aware that "bookBuyOffset": 0.075, looks horribly high. This is the next layer of defence, should @zoro’s BTC get drained, even at 5% offset.

@zoro, do you still use bitfinex as main price feed? Would be good to have the same config…
My data feeds are:

  "mainfeed":"bitfinex",
  "backupfeeds": ["bitstamp", "bitcoinaverage"],

[zoro]

I use the same feeds but rather different configuration. I will not change it since i am selling NBT and getting
some BTC back

[masterOfDisaster]

I already sold all but 161 NBT at 1% offset…
But maybe NuBot cancelled orders too slowly during a swing - who knows…
Would you mind sharing your config related to orders?

[woodstockmerkle]

Signed 3 of 3-of-5

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

Broadcast. Txid: 6d9f5cf065b1308e2c8efa3a9d02d3a4b77666e3101654009b988e4bde05b16f in block 898244

[masterOfDisaster]

Thank you!
Now we have a solid and redundant buffer in case a big BTC dump comes.
And if BTC is dumped so hard that the ALP, NuLagoon Tube and gateway NBT get drained, there’s another tx to deposit 65k NBT to gateways couching!
Any other preparations that might make sense?

[masterOfDisaster]

I’d like to transfer 5,000 NBT from my NuBot account, that provides a demarcation line at 7.5% buyside offset, to my recently started up NuBot, which tries to improve the liquidity situation by offering a tighter spread.

The NuBot account, from which I intend to transfer the NBT, currently holds 18160 NBT and 26.3 BTC. I don’t want to add more funds to Poloniex at the moment and would rather move from one account to the other.

@dysconnect, @ttutdxh, @jooize, @woodstockmerkle, ok or not ok?

[jooize]

I want you to do it. Thank you.

[dysconnect]

I concur. Thank you.

[masterOfDisaster]

transfer 5,000 NBT from my NuBot account […] to my recently started up NuBot, which tries to improve the liquidity situation by offering a tighter spread.

Done. tx ID 14e49fc5ec7ed2f875260889f207038adf47c0325f6d2debfe5e3488d305b66a

http://blockexplorer.nu/transactions/14e49fc5ec7ed2f875260889f207038adf47c0325f6d2debfe5e3488d305b66a

http://nuexplorer.ddns.net/transactions/14e49fc5ec7ed2f875260889f207038adf47c0325f6d2debfe5e3488d305b66a

[zoro]

I have sent 21000 NBT to FLOT multisig address from the poloniex gateway.

Txid: c0555ff4158879b6cb9bda7d35dcf167102d0164119bdfe4b7a06a9ed4576369

I have another 20180.47096635 in sell side.

[nmei]

FLOT - what do you think about pulling the majority of Nu funds?
The goal would be to get an estimate of the free Nu on polo…because if there is ~12K now, some of us thinking of doing the buy back could put walls up at the current price…

[cryptog]

FLOT - what do you think about pulling the majority of Nu funds?

For adding the FLOT funds to a global fund that aims at buying back nubits?

[nmei]

We have a choice - leave NBT on the market and force downward pressure for everyone that wants to get out.
Or pull NBT - have open market establish price - and wait for the swing.

Ultimately I’d like to see Nu burn a lot of NBT.

[mhps]

We have a choice - leave NBT on the market and force downward pressure for everyone that wants to get out.

i don’t think there is much pressure from the wall. the spot prices is way below the sell price that there more than 10k nbt for sale buy traders below Nu price.

Ultimately I’d like to see Nu burn a lot of NBT.

there isn;t much difference between burn them and have them is FLOT’s multisig address. in the buybackcalculator the outstanding nubits doesn’t have those nbt in FLOT’s hand counted.

[jooize]

Send all remaining US NuBits to @Phoenix

Supply, Reserves, and Equilibrium

As Chief of Liquidity Operations, I am requesting that all of the above funds be transferred to liquidity operations address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a, an address I have the key to. They are all shareholders funds earmarked for liquidity operations. @jooize, I would like you to send 100,000 US-NBT there as well.

Amount: 303355.4886 US-NBT
Address: BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
Fee: 2 US-NBT

Post was almost 30 KB, causing performance issues. To avoid freezing anyone’s browser I put the transaction on Hastebin. High fee because transaction was 5 KB and my signature added 2 KB.

Signed 1 of 3-of-5

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

Transaction at Pastebin

@dysconnect, @ttutdxh, @woodstockmerkle, @masterOfDisaster

Edit: Re-uploaded transaction to Pastebin.

[jooize]

Burn all remaining US NuBits

Amount: 0.01 US-NBT
Address: BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js
Fee: 303,357.4786 US-NBT

Signed 1 of 3-of-5 (Transaction at Pastebin)

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

@dysconnect, @ttutdxh, @woodstockmerkle, @masterOfDisaster