Last year at about this time the wall got very imbalanced (buy side 18%). Jordan urged
This time things are much better. The FLOT is doing Jordan's balancing job. Park rates are offered by the shareholders.
However a thing different is that there have been less than 3000 nbt parked. I am a little surprised.
Is that because people are speculating there will be a higher rate?
No one knows for sure.
or the rates are too low?
On bitfinex people are lending hundreds of BTC at 3% pa. So if Nu offers 5% it should be already very attractive. I suspect outside of the community not many know about high park rates and people in the community know about the 50-80% pa LP reward rates.
Action recommended: advertize high, limited-offer, park rates outside the community.
or the non-zero durations are too long and people don't like the opportunity cost?
We should offer non-zero rates to the shorter periods in volatile times. Since there are rates of 12.8%pa@3mo, there is no reason not to provide rates for all shorter periods at the same premium according to base-2.
Action recommended: set attractive short term rates
32% @ 11 day
16% @ 23day
8% @ 1.5 mo
4% @ 3mo
0% @ 6mo
provided that the shorter periods are adjusted often (like once a week).