Park Rate Voting

I knew it was the median but what median, but still think the round numbers and 1% difference between each active durations was a very coincidental outcome looking at the datafeeds and the votes.

Regarding median, given that the rates have been in broken numbers all the time from zero to where they were yesterday, I understand it is the median over the last 1000 blocks or something like that, so only when the voting doesn’t change over the last 1000 blocks and everyone votes real numbers this coincidence is remotely possible. Assuming no scripts been used by major shareholders which won’t be easy, I still think we could have won third division lotto :slight_smile:

Someone bought $2000 worth of nbt with USD at ccedk, maybe to park? This amount is newsworthy for nbt/usd.


Like to think your park rate bitcointalk thread did work.


I hope so. Just gave it a bump with latest rates.

We have got more than 60k parked nubits but for how many days?
Depending on that we should adjust the rates.

Looking at this:

I think it’s too early to start lowering park rates (knowing that it takes some time for them to come down).

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That is the big question. We don’t have a good tool to show us this on an ongoing bases, but it is actually crucial information whether to raise or lower the rates. Maybe something for Alix to pick up? @willy.

We’re working on it.

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We have now 80k parked.
What has been the impact of the buy side liquidity?

Sell side pressure (ask for BTC) was removed. Buy side (bid BTC) is stronger now.

10 days ago:

Current status:

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Parking rates have once again demonstrated effiency in increasing the buy side over the short term.

So lower them! Im down at 12.


Well the elephant in the room is that btc price trend is also becoming uncertain. We don’t exactly know how much of the reversal is caused by parking.

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I fear you’re right.
Fot that reason - and because I have no clue about how long the NBT are parked (plus the reserves are still low) I don’t adjust the park interest in my data feed now.


Will also keep my parking rates as is for now for the same reasons.

Id like to point out that lowering the rates by even 1% consistently accross the board would likely cause a lot more people to park out of fear that rates will drop in the near future.

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You got a point.
I take that into consideration.
Maybe a slow but steady decline of park interest (not speaking of the resulting rate, but the configured values) might lead to better results.

Playing games could be counterproductive in the long run. We should come up a way to determine park rates and just follow it.

I fully agree.
More than once I encountered problems trying to think of algorithms to automate or at least assist decision making.

Deriving park rates from the market situation will be no easy task.

Factors like BTC volatility (amplitude, frequency), ratio of NBT buy and sell side, absolute values of NBT buy and sell side, the velocity of the change of ratio and absolute values and likely some more can play a role for determining the park rate.

This will become even more complicated once more than just US-NBT are on the market.
Better start now with creating the algorithm(s) - only I don’t know how…

I think that reducing park rates too promptly and having park rates without continuity is very counterproductive especially if Nu is looking for new users, and I am talking about the average person here…

Thinking logically, who already owns or frequently trade cryptocurrencies is the first one who will park his/her NBT defeating the purpose of having park rates in place (we want to bring in new users - see buy pressure)

If the average Joe decides to buy some NBT and park them to earn some interest, it will take a while from the time he manages to organize his finances to get some money in the crypto world and buy some NBT. After having a positive experience (reliability of the system/ease of use etc…) we can sure count on having a new “customer” that can take in another “customer” and so on…

So cutting interest rates before the user we target has a chance to make a move is pointless.

I believe semi permanent park rates that beat or equate inflation levels in the pegged currency (at the moment USNBT) are one of the best instruments we have to attract non-speculators to use NBT.

Nu, should look, especially because of its pegged currency system, to increase adoption among the average person not just investors/speculators/crypto savvy etc… and park rates could be an excellent instrument at it.