For reasons given here, Nubits adoption by internet payment processors, payment exchanges, and currency conversion gateways (PEGs) is highly desireable to Nu.
Regardless whether/when the motion passes, this post is to propose improvement of the Nu Exchange Integration guide so that and PEG who is interested in integrating Nubits can learn about being an LPC and obtaining NBT liquidity.
I could change the guide page directly as suggestions but posting here makes it easier to discuss. So here are two points to add -
5. Optional: become a Liquidity Providing Custodian
As described in the White Paper, if you plan to put your fund into reserves to buy or sell Nubits for your business, you could be approved to become a Liquidity Providing Custodian (LPC) and receive LPC fees from the Nushare holders. An LPC is required to set a tight buy/sell spread (typically 0.2%) between buy and sell prices, and will report liquidity (it’s automatic) to NuNet.
To become an LPC you need to submit a custodial grant proposal. A template can be found here. It can be helpful to read past proposals in the Motions area of the discussion board.
If you are not an LPC you are free to set any buy/sell prices of Nubits.
6. Optional: Buying Nubits from Nu
If your business operation needs to have Nubits in large quantities you can either buy them from the market or, if the buy order exceeds existing sell wall liquidity on the market, you can buy from the First Strategic Reserve Team.
Now there is a question for @JordanLee , the FSRT manager: Does the buyer in “6” above have to be, according to the reserve proposal, an LPC, who according to “5” has to set a tight spread? What if a big player comes over to buy 3 million NBT but wants to set the prices according to market rates?