FLOT US-NBT Operations (sell side)


#203

I though there was already nmei’s gateway there. And NU Lagoon is missing too?


#204
https://discuss.nubits.com/t/reporting-single-sided-nbt-gateway-on-hitbtc/?source_topic_id=3118

nmei’s gateway won’t be operational for some time.


#205

I support @masterOfDisaster’s idea and HitBTC operations.

Signed 2 of 3-of-(5−1)

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

#206

Nitpicking this is rather 3-of-4 than 3-of-5 :wink:
…I won’t sign this tx!


#207

Signed 3 of 5. Verify

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

Controversial actions from FLOT
#208

Broadcast:

808d6095f47582c95e01d080360a5c81e080313dfced1b4fcfe81085ff8c0beb

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)?


#209

It is showing up here: https://blockexplorer.nu/transactions/808d6095f47582c95e01d080360a5c81e080313dfced1b4fcfe81085ff8c0beb


#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.


Controversial actions from FLOT
#212

#213

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


#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.


#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


#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.