Ok, have been reading for quite a long time, although I wouldnt like to deep too much into the numbers… the most Liquid asset out there is Dollar.
Nubits has done quite a nice job, but can’t beat USD liquidity, and it shouldnt try because it will die trying it… trying to keep tight spreads is like saying USNBT can have more liquidity than USD and…sorry to say but I doubt that.
USNBT only can survive if it gives a decentralized liquidity at a reasonable rate.
Tether out there or uphold out there work with 100% liquid reserves, but they’re centralized, the can froze users funds.
So the only reason to use USNBT instead of USD or its alternatives in centralized methods is because this NICHE Market is willing to pay some more spread, but what they get is a DECENTRALIZED STABLE CURRENCY.
That is what USNBT aims to be.
Try to keep tight spreads will kill NBT
Try to compete with USD spread will kill NBT
When Bitcoin goes UP, NBT can’t stay pegged because otherwise would be used as a substitute of USD by traders…although someone may discuss it; it shouldnt be its main usecase… most of trading is in centralized exchanges and NBT shouldnt be competing against USD, it’s a suicide TASK.
For not making this post even more longer, trying to make investors win some money with not so tight spreads should be a priority for NUBIT.
Possibly NBT will loose VOLUME by increasing spreads when Bitcoin moves too much, but this will allow REAL USE CASES FOR DECENTRALIZED USD LIQUIDITY TO DEVELOP and at the same time, make NBT worth it by rewarding investors. Its a difficult balance to achieve.
I’m talking conceptually, because I’m lost in the details on how exactly the operations work but I have been following the project for quite a while and I think I get its basis
By the way I’m shareholder too for quite long time ago, and I have always found too difficult, too time investing to vote and to fully understand how the whole thing works… in fact I think just a few people here fully gets how all this workflow work and this is and will be limitating for this project…so 1st thing for scalating this may be making the whole think understandable and easy for strangers… add liquidity and get rewarded for adding it…sure… but simple numbers and clear marketing is needed :S