[Nubot Gateway] Poloniex @zoro (sell offset:0.25% , buy offset:5% ) - stand by

[zoro]

All is good.

“BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo” : {
“buy” : 5324.775,
“sell” : 4999.8147

[zoro]

9 BTC are traded so far.
Deposit of 10 BTC by FLOT to nubot’s buywall.

BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
“buy” : 5550.105,
“sell” : 8530.9513

[zoro]

5000NBT have been sent back to FLOT.

BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
“buy” : 1248.3625,
“sell” : 7941.1504

[zoro]

Deposit of 13 BTC by FLOT.

BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
“buy” : 7600.495,
“sell” : 6441.1504

[masterOfDisaster]

@zoro, please have an eye on the Poloniex situation.
The ALP buy side is quite thin (between only $2k and $4k for more than 12 hours) and the BTC price might be moving upwards creating more pressure on the buy side.
The reported liquidity of your NuBot is balanced, but the buy side has only a few $k:

nud getliquidityinfo B | grep BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo -A 2
        "BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
            "buy" : 7712.995,
            "sell" : 6441.1504

I can’t keep a close eye on it where I am and I’m not sure whether the other FLOT members who hold BTC keys do.

So I beg you to keep an eye on it.

Without NuLagoon being active on Poloniex (the T1 buy side orders reported here
https://alix.coinerella.com/walls/?4h are ALP only; no MLP buy side support from NuLagoon) the funds on your NuBot are an important defence layer for the peg on Poloniex.

[zoro]

I have some API connection issues and i have to keep restarting the bot today to avoid hanging orders.
I monitor especially the buy side closely.
I am also providing some ALP funds there as a first layer of defence
But ALP has the same connection issues! These days are hell
We need another nubot!
please vote for it:

[Passed] Passive Liquidity Source on Poloniex: @Nagalim

Reference: Proposal RIPEMD160 hash: 92263daf3b89a605f9302ad212d12799c0c7bcee =##=##=##=##=##=## Custodian Hash starts with this line ##=##=##=##=##=##= Custodial Address: BN3XDdiNQw858WWpPEZ3kVr5WsgwYjMRy3 Amount Requested: 1 NBT Intro @Nagalim - below called "the operator" - will run a NuBot on Poloniex. The liquidity is being broadcast using a custodial address to allow tracking the liquidity situation of the bot. The operator promises to send all withdrawn funds to a FLOT multisig…

[huafei]

news from polo

We are under heavy loads at this time. We are addressing the issue and working on resolving this as soon as possible. Thank you for your understanding and apologies for the inconvenience.Posted by InfiniteJest at 2016-02-12 11:57:21

[masterOfDisaster]

ALP volume almost zero according to
https://alix.coinerella.com/charts/?select=48_hours_nupool_poloniex#

What about your NuBot, @zoro?
The broadcast liquidity doesn’t make sense:

nud getliquidityinfo B | grep BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo -A 2
        "BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
            "buy" : 57.505,
            "sell" : 0.0

[zoro]

Now they start working again. But Polo is very unstable.
Funds are safe, i hope.

[BTC] Bitcoin 16.25497896
On orders: 3.88167000
BTC value: 20.13664896

[NBT] NuBits 4941.15044905
On orders: 1500.00000000
BTC value: 16.88347914

we are fine

[zoro]

Poloniex seems to have solved the issues today.

[BTC] Bitcoin 12.52134310
On orders: 3.81117000
BTC value: 16.33251310

[NBT] NuBits 6438.15044906
On orders: 1500.00000000
BTC value: 20.35889507

[zoro]

[BTC] Bitcoin 12.62208310
On orders: 3.71043000
BTC value: 16.33251310

[NBT] NuBits 6438.15044906
On orders: 1500.00000000
BTC value: 19.79115855

[zoro]

Perhaps some more BTCs are needed in buy side.

[BTC] Bitcoin 3.40522364
On orders: 3.68928000
BTC value: 7.09450364

[NBT] NuBits 10156.19944907
On orders: 1500.00000000
BTC value: 28.93173609

[masterOfDisaster]

Buy side is still low on your gateway:

nud getliquidityinfo B | grep BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo -A 2
        "BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
            "buy" : 2831.63,
            "sell" : 11656.1994

and ALP support on Poloniex buy side is low as well.
Not the best condition in case BTCUSD starts to rise.

[zoro]

4000 NBT have been sent back to FLOT
10 BTC have been received by FLOT

[BTC] Bitcoin 13.44747864
On orders: 3.64702500
BTC value: 17.09450364

[NBT] NuBits 6156.18944907
On orders: 1500.00000000
BTC value: 18.77626869

[zoro]

[BTC] Bitcoin 11.69517441
On orders: 3.52885500
BTC value: 15.22402941

[NBT] NuBits 6932.36501214
On orders: 1500.00000000
BTC value: 20.06683631

[zoro]

[BTC] Bitcoin 11.68354941
On orders: 3.54048000
BTC value: 15.22402941

[NBT] NuBits 6932.36501214
On orders: 1500.00000000
BTC value: 20.11355161

[zoro]

[BTC] Bitcoin 11.67352941
On orders: 3.55050000
BTC value: 15.22402941

[NBT] NuBits 6932.36501214
On orders: 1500.00000000
BTC value: 20.14289624

[zoro]

[BTC] Bitcoin 7.08703690
On orders: 3.36510000
BTC value: 10.45213690

[NBT] NuBits 9037.74667405
On orders: 1500.00000000
BTC value: 23.81952258

[zoro]

5000 NBT have been sent back to FLOT.
10 BTC are expected at buy side.

BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
“buy” : 14.4238,
“sell” : 10128.6432

[masterOfDisaster]

I encourage you to keep some more funds on your NuBot account.
I don’t know how the other FLOT members see that, but I’d rather have some more buffer in this last line of peg defence at Poloniex.

The motion on which this operation is based on doesn’t deal with thresholds at which you withdraw funds.

I recommend to try having approximately $10,000 on buy side and sell side at average, but leave it up to the FLOT to decide what they consider wise.

Remark: when I ran the previous NuBot operation at Poloniex there were up to $50,000 in total for an extended time in the accounts on which I ran the two NuBots. While that was quite high and due to the very bad experience with ALP, I consider in total below $20,000 insufficient.
Waiting until the FLOT requests withdrawal might be an option. I think a “forum consensus” could be sufficient for that.
Comments are welcome.