Tks for clarifying.
I am wondering about how much KTms has.
Currently there are around 75,000 NBT worth of buy side liquidity in tiers 3 and 4, to be added to the 39,000 NBT worth of buy side liquidity in tier 1 and 2. This presumes jmiller is the only LPC with tier 3 funds right now. LPCs please let us know if that presumption is wrong.
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I currently have 80,000 NBT worth of tier 4 buy side liquidity. @KTm sell side liquidity is still shown as 47,000, but I believe this is an error. @KTm, can you confirm and do you know why your sell side liquidity is not displaying correctly? If your aren’t running NuBot right now then it is a problem in the Nu client. If this is the case, @erasmospunk can you identify the flaw in the client causing this?
So, at the moment the client should be displaying 53,000 buy side and 50,000 sell side, I believe. However, when jmiller resumes operations at BTER then that will put a large amount of funds on the sell side and only a few thousand on the buy side, because almost all the buy side funds are frozen due to the hack. So soon we will have lower buy walls than sell walls.
I agree that this is an error. A few minutes ago I was trialing the new version of NuBot (0.1.5c) on the NBT/EUR market on CCEDK, but with submitLiquidity=false set as a configuration.
At this time I have no other bots running on any markets. Furthermore, my original grant address is older than 6 months (which I understand to be beyond the designed “life expectancy” for when it should stop being able to be used to report liquidity info to the network).
Update:
I manually updated my liquidity information and it should now be showing “0 / 0”. I will be bringing ~23k NBT worth of EUR in buy-side liquidity on the market today or tomorrow, but until that happens, the new values are correct.
//Kiara
There are now roughly 72k NBT parked.
The current rates are:
- 11.4 days: 3%
- 22.8 days:7.5%
- 1.5 months:8%
- 3 months: 9%
I feel it is time to reduce the rates. What do you think?
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~12,000 NBT value of tier 4 buy side support value in tier 4 was just brought to tier 1 leaving a little less than 70,000 in tier 4 buy side support and payment of contributors. Though they are usually paid in NuBits, they usually sell right away, which means they are functionally paid out of buy side liquidity. I would like to see more there. There are three ways this can be accomplished:
- Raise park rates
- Sell and distribute additional NSR
- New demand for NuBits. This may occur as people purchase NBT to participate in liquidity operations or as trading volume picks back up to what it was before our recent exchange closures and defaults.
I will be posting in the NSR auction thread shortly regarding possibility #2.
Edit: I would also like to move tier 4 liquidity to multisig addresses soon, although it isn’t my top priority right now.
Before considering 2-, I would like to know how much of the raised money - 193,819 NBT -
- has been used to support the peg (I suppose 12k NBT)
- has been transferred to contributors as payment already.
- has or will be burned
- is staying or will be staying in Tier 4
There are currently 54528.2098 NBT parked.
152k NBT on the sell side and 73k NBT on the buy side.
Should we increase significantly the parking rates?
I am voting for 5% currently but shareholders are voting for 2.5% in general.
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With the buy wall at 11,000 and the sell wall at 61,000 I’m quite surprised to see rates being dropped over the last 24 hours. It is clear to me the costs and risks of lowering rates are at least 100 times greater than the risks and costs of raising rates right now. I can’t see why there is any controversy in the matter.
I have around 50,000 in funds besides NuBits, and that is just enough to meet my obligations to contributors over the next month. So I won’t be offering any of that for liquidity.
The NuLagoon has some buy side liquidity that does not display in the client, but my guess is that it isn’t very much. @KTm may also have some, but again I don’t think it is much.
When the percent of buy side liquidity drops below some threshold, which could be argued to be between 25% and 40%, shareholders should always vote for higher rates, in the absence of any clear indication that the liquidity figures are wrong.
If rates remain being offered for any significant period of time, it is a sign that NSR should be sold and NuBits burned.
Edit: right now, rates are only being offered for 3 months. A protocol flaw that is on our roadmap to fix makes it so that when rates are offered for a single duration rates will only be offered for that exact block duration. So right now, our rates are 2.5% for 131072 blocks, but 0% for all other block durations. The parking UI doesn’t allow for a precise block duration selection, so shareholders should never vote for a single duration. You must vote for at least two adjacent durations to offer interest rates that are functionally above 0%.
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Is there a data feed or can you or someone suggest a set of rates?
Thanks. I didn’t realize park rates are also set in data feed.
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buy side at 10.8k. Decreasing.
Please increase your parking rates.
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I multiplied all my rates by 10. Currently we should rather start from a too large rate and decrease them then the other way around I think.
I have increased my votes rates as well.
Hi @cryptog
The current park rates in the Nu network are:
32768 blocks: 0.000810% APR
65536 blocks: 0.001670% APR
131072 blocks: 0.008722% APR
Even if park rates have been raised to 1.3% for 10 and 20 days, 2.3% for 1.5m and 4.5% for 3m, it seems the totally parked quantity has not increased yet, over the last 24 days.
I feel shareholders should vote for higher short term rates in order to incentivize nubits holders to park immediately.
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I think that park rates should reach at least a range of 8 - 10 % for the 3months period to start to see more parked NBT
We saw that happening not long ago.
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