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

[masterOfDisaster]

the only question is frequency

I think other questions are the degree of asymmetry, the period of time this asymmetry persists and the trend (does the asymmetry increase or might it bounce back).

As we don’t have agreed thresholds, we are bound to our discretion.
Would you say in the current situation a withdrawal of 10,000 NBT from @zoro’s gateway account at Poloniex to FLOT NBT makes sense (I do)?
After FLOT agreed and zoro withdrew the funds, FLOT should deposit BTC to zoro’s account.

[Nagalim]

some infrastructure

Can’t FLOT members run a bot, like NuBot, that signs for them in certain extreme circumstances? If the bot is open source and all FLOT members understand exactly what code they are running on their computer using their security protocols, can’t they trust their own automated signatures?

My concern is the creation of a barrier between an automated signing and a manual signing. It opens us up to a lot of balance sheet attacks and polarizing politics.

[jooize]

status of mOD dual side NuBot at Poloniex:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
"BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
“buy” : 21158.89,
“sell” : 9527.2174

Should your bot be balanced as well?

---

Because the other liquidity operations apparently have at times proven unreliable, I think these bots should be kept balanced to some degree independently of the rest of the situation.

I’m in favor. 2 of 3 votes.

[masterOfDisaster]

Should your bot be balanced as well?

My bot is buy side heavy and after balancing zoro’s bot, it will be buy side heavy as well.
This bot imbalance is necessary to (partially) balance the rest of the network:

[dysconnect]

Because of FLOT inactivity I thought you’d assume I vote yes. Anyway yes. 3 out of 3

[masterOfDisaster]

@zoro, can you please provide us with the tx ID of the withdrawal once you’ve initiated it? That makes tracking it easier.
Thank you!

[zoro]

ok, as soon as i get back home

[zoro]

10000 NBT (+ 0.01 fee) sent to FLOT
complete:
216478fbdeaef603792dbfeda056229d349cc475898cbcbee6df71720c567fae

[zoro]

[BTC] Bitcoin 0.17447977
On orders: 8.76533428
BTC value: 8.93981405

[NBT] NuBits 6287.96428903
On orders: 6000.00000000
BTC value: 29.30384571

[zoro]

24 BTC have been received.

[BTC] Bitcoin 20.01782208
On orders: 12.38312404
BTC value: 32.40094612

[NBT] NuBits 6515.20460805
On orders: 6000.00000000
BTC value: 29.18846079

[dysconnect]

Signing requires a broadcasting medium. Which can be Bitmessage or Github if we’re desperate, or a centralized webserver, or everyone having their own server. It’s technically easy but not resource-friendly enough for FLOT. In the long term the infrastructure should ideally be distributed so we may be looking at something like dapps, or natively built into Nu, which may be feasible if we merge some parts of BCE in the future.

[zoro]

[BTC] Bitcoin 19.74010230
On orders: 12.50670792
BTC value: 32.24681022

[NBT] NuBits 6584.13496031
On orders: 6000.00000000
BTC value: 29.49872244

[zoro]

I see some movement in sell wall today. Sell spread is at 1% although buy is at 1.4%.
I propose to put sell spread also at 1.4%.
Please advise

edit: i have set the sell spread at 1.4%.
Current nubot liquidity:
BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
“buy” : 18534.98,
“sell” : 7325.0627

[masterOfDisaster]

My Poloniex NuBot still is at 0.02 (1,500 USD; 0.025 for the next order) - the very last line of peg defense at Poloniex…

[Nagalim]

One too many decimal points. You’re at 2% and 2.5%. Your point stands though.

[masterOfDisaster]

Yeah right, writing on mobile phone makes copy&paste not as convenient as c&p on a regular computer.
And writing values manually is error prone.
We need more automation!
I’ll adjust it…

[zoro]

[BTC] Bitcoin 32.41619780
On orders: 12.93795355
BTC value: 45.35415135

[NBT] NuBits 1110.76104736
On orders: 6000.00000000
BTC value: 17.14760026

[zoro]

[BTC] Bitcoin 31.75039132
On orders: 12.76611532
BTC value: 44.51650664

[NBT] NuBits 1462.82015200
On orders: 6000.00000000
BTC value: 17.94345551

[zoro]

[BTC] Bitcoin 31.72460669
On orders: 12.79189995
BTC value: 44.51650664

[NBT] NuBits 1462.82015200
On orders: 6000.00000000
BTC value: 17.70061534

[masterOfDisaster]

What do you think about withdrawing, say 14.5 BTC to FLOT and receiving 6,000 NBT in turn?

The liquidity situation seems to allow (or even demand) a balancing:

Current Liquidity

Liquidity; ALix T1 + gateways (poloniex dual side, numerous sell side): Gateway status at Poloniex (dual side), NuLagoon MLP at Poloniex and several sell side only exchanges Fri Apr 1 19:07:20 UTC 2016 status of mOD dual side NuBot at Poloniex: nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2 “BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP” : { “buy” : 21216.91, “sell” : 9527.2174 status of zoro dual side NuBot at Poloniex: nud getliquidityinfo B | gre…

I’ll initiate a balancing of my account later.