i just made a large NBT withdraw and it was processed in seconds!
(yes, i was afraid)
Hey nmei,
I’ve been thoroughly monitoring exchange order books for the past weeks to check, whether ALix walls is working correctly.
As you might have discovered on the page already, Cryptsy NBT/USD shows 0 values most of the time.
This is due to my decision to only include orders with a 1.5% tolerance (from 1 NBT) into ALix walls.
Now to my question:
When I open https://www.cryptsy.com/markets/view/NBT_USD I almost always see an order around ~2 k NBT either on the bid or the ask side. At the time of writing said order is on the bid side at a price of 0.9842 NBT, which would be a 1.58% deviation from our 1 USD = 1 NBT goal.
This 2 k order also seems to get compensated by your pool (see: http://raw.coinerella.com/nubits/) at 0.18% per day.
Can you, or someone else (cough cough @nagalim @woolly_sammoth ) explain to me, why your pool is compensating an order with a deviation of 1.58%? That, in comparison, seems quite far away from the one dollar peg.
Thanks in advance.
Willy
I’m guessing he still has his tolerance set to 3%.
As per the terms of the last motion the tolerance for USD is at 3%.
I try to balance my portion weekly, but it is expensive to do so.
Cryptsy is easily 2% over common BTC market. And then the .5% withdraw fee.
It is either high payout and low spread, or low payout and high spread.
Again, if someone has a better solution. Please let me know. I don’t want to overcharge shareholders. But I think we should maintain a pool on cryptsy.
Okay. So everything is behaving how it’s supposed to.
I’ve manually set the ALix tolerance for that pair to 0.16, so the 2k order I was talking about earlier is finally showing up.