We are facing an interesting conflict between centralized and decentralized approaches - not only in terms of liquidity provision, but in terms of governance as well.
Nu’s liquidity provision isn’t steered by shareholders at the moment.
It’s done by FLOT based on experience and discretion.
Almost all buy side is NuOwned. This is with a different risk than ALP, but remarkably reliable so far.
FLOT is more agile than any shareholder consensus could ever be.
Let’s hope that FLOT decides in the best interest of shareholders.
I say, FLOT is handling this emergency quite well so far.
@shareholders, if you don’t think so, please create corrective motions!
Otherwise be greatful for having FLOT.
You may want to show your gratitude eventually.