When I made that statement liquidity was around 7,000. So most of that liquidity has already come back online. @KTm also has some buy side liquidity currently on CCEDK, but is having trouble withdrawing funds presently. @ronny I hope you can give us an update on those pending withdrawals.
Presently the park rate protocol doesn’t effectively support voting for a single park duration. When the 3 month duration is the only duration with park rates, it should gradually scale down to 0% for the 1.5 and 6 month durations. Right now it doesn’t do that. Instead, the only duration a park rate will be granted for is exactly 131072 blocks. Until this is fixed, you should never vote for park rates for just a single duration. You need to vote for at least two adjacent durations, otherwise it is effectively a vote for 0%.
I would remind shareholders that tier 4 is extremely unbalanced. I have around 35,000 NBT buy side and more than 500,000 NBT sell side. Park rates have worked out just as designed. Briefly offering 5% rates for up to 3 monthswas associated with a thickening of the buy wall by 20 or 30k NBT and was associated with more than 30,000 NBT being parked.
So, we have about 75,000 verifiable NBT value for buy side support and payments to contractors. That’s highly unbalanced.