Liquidity Operations


#805

What you think Jooize, you gonna throw in the towel and just say fuckit? Nubits was a good project, time to move on…


#806

Not yet. There’s often some path forward if you manage to function in the surrounding negativity.


#807

Any update on this?


#808

2018–03–22

15,000,000 NSR

15000000-4083333.33
0.12500

10,916,666.67-836249.0383
0.02503730

10,080,417.6317-4691151.9000
0.09363539

5,389,265.7317
0.10778531

0.351458 BTC


#809

2018–03–23

0.5% of circulating NuShares: 0.005 * 3,083,850,000 = 15,419,250

15,419,250-1344330.5921
0.05366567

14,074,919.4079-3754705.90
0.15018

10,320,213.5079-1477302.1132
0.04423042

8,842,911.3947
0.26528734



#810

2018–03–24

0.5% of circulating NuShares: 0.005 * 3,116,700,000 = 15,583,500

15,583,500-10886272.7
0.36208

4,697,227.3
0.09394454


#811

2018–03–25

0.5% of circulating NuShares: 0.005 * 3,132,220,000 = 15,661,100

15,661,100-12602206.1
0.50408824

3,058,893.9-451490.9486
0.01351764

2,607,402.9514
0.07859258


#812

2018–03–26

0.5% of circulating NuShares: 0.005 * 3,132,270,000 = 15,661,350

15,661,350-4510680.38
0.13629

11,150,669.62-2313203.1968
0.06925731

8,837,466.4232
2645.9374 USNBT


#813

2018–03–27

0.5% of circulating NuShares: 0.005 * 3,124,001,886 = 15,620,009.43

15,620,009.43-7829200.2435
2344.0626 USNBT

7,790,809.1865
1555.0455 USNBT


#814

Buy wall of NuShares are decreasing gradually and it seems really impossible to get Nubits peg back by just selling NuShares. Any plans other than just keep on selling NuShares?


#815

I understand it seems hopeless, but we’ve backed almost the entire circulating supply via NuShare sales before. The buy walls for NuShares have in fact been increasing gradually and are higher than they’ve been for a long time.

We’re applying for listings on additional exchanges and pitching our liquidity model to investors.


#816

Given the scale of money flowing into Nu during the massive crypto bull market, the opportunity that presented, and the very difficult situation Nu is now in, is there any thought on tweaking the liquidity model, particularly in keeping far higher reserves to build up resilience during the good times?

Also, is there any serious thought going into seeking additional revenue and Nubits demand generating activities (e.g. lending) that would ensure continued demand during tougher times?


#817

Building off of this, I could easily propose tweaks to the model that would make for something far more stable.

  1. Increase reserve threshold to 100%.
  2. Increase the standard portion per day to 0.1%.
  3. Institute a maximum dilution of 0.5% per day.
  4. Make thorough and concrete bylaws for changing these numbers, including a minimum time of implementation such as a few months.
  5. Have an easily accessible resource to understand these numbers and report on any coming changes continuously with a timer.

Nu had done 3 already, I doubt it will ever do 1 even though it’s obvious it should, and the exact number for 2 and 3 is up for debate. 4 is mandatory in my opinion. 5 is referencing a much deeper problem of transparency in Nu, and cannot be the last step in the effort.


#818

2018–03–28

0.5% of circulating NuShares: 0.005 * 3,142,272,895 = 15,711,364.475

15,711,364.475-5370485.8728
0.16079235

10,340,878.6022
3096.0591 USNBT


#819

2018–03–29

0.5% of circulating NuShares: 0.005 * 3,158,041,868 = 15,790,209.34

15,790,209.34-2746756.5000
1096.5052 USNBT

13,043,452.84-2168065.6666
0.06491189

10,875,387.1734
0.32626161


#820

2018–03–30

0.5% of circulating NuShares: 0.005 * 3,162,991,062 = 15,814,955.31

15,814,955.31-6913486.6870
0.27598639

8,901,468.623
3553.4662 USNBT


#821

2018–03–31

0.5% of circulating NuShares: 0.005 * 3163891403.8430 = 15,819,457.019215

15,819,457.019215-1799999.92
0.08999999

14,019,457.099215-11463466.0000
5720.2695 USNBT

2,555,991.099215
0.10203516


#822

2018–04–01

0.5% of circulating NuShares: 0.005 * 3167021009.4326 = 15,835,105.047163

15,835,105.047163-1890175.9108
0.07545583

13,944,929.136363-10892180.9
0.43568723

3,052,748.236363
0.09139929


#823

@jooize

Can you explain these numbers a bit, beyond the first line?

If you are selling 15 million NSR per day then why is the circulating NSR not increasing by 15 million per day but instead at a much slower rate?


#824

Honestly, I don’t know. I’ve asked @woolly_sammoth to take a look at why the circulating supply isn’t increasing as I would expect. I know the amount of shares are sold and that we get the funds I list. Fortunately as the daily dilution is 0.5% of circulating supply, the numbers are not affected much, but it will be dealt with to operate correctly.

Numbers below the first calculation are:

<remaining_shares_to_sell> minus <amount_of_shares_sold>
<sales_proceeds>

sales_proceeds are in Bitcoin (BTC) unless stated otherwise.