[Passed] {Grant Failed, Please Vote on The New Addr Again} The Nu Lagoon Custodian Fee Request of Feb 2016

henry · February 18, 2016, 11:17am

Dear Shareholders:

Happy Chinese New Year

With the support and help from the community, the Nu Lagoon Pools has successfully operated for another 4 weeks.

As reported in the http://nulagoon.com/data.html , the accumulated Custodian Fee is 1040.65 NBT for Pool A, 3719.35 NBT for Pool C and D till 18 Feb.

I would like to request shareholders to grant custodian fee to the pools.

BExP2RYt43WsPCHGFH8PuwntbC26J19xUz, 4760.00 NBT

Thank you in advance.

The Nu Lagoon manage team

Note: It is Nushareholders’ obligation to pass this grant according to prior shareholder motions : b5e709a59226b979e4cb59e6d3a3e06b506e3761 and ae07a18b22e20e38d6bf7559e320c1728d7a62dc

The best liquidity platform for Nubits & Bitcoin, NuLagoon Tube, is successfully running for two months. To porvide liquidity support for Nubits better, we will decrease transaction fee for liquidity operators to zero.

We just realized that the nubits was not successfully granted because the updated granted address is still an old one which was granted in Oct 2015.

https://blockexplorer.nu/address/BHAU3ZGUqFNfFpHbMK2Jjf4izL1XGrjGfY/1/newest

We don’t know why somehow when we try to generate a new address in our wallet, the wallet give us an old one. We will do some more research to see if could find the exact reason of the problem.

Share holders please revote on the following address once again. Really sorry for the unconvienience caused. Thank you.

BExP2RYt43WsPCHGFH8PuwntbC26J19xUz, 4760.00 NBT

zoro · February 18, 2016, 11:27am

Voted!
Henry,
i think the shareholders would want a weekly report of the operation.
I mean some info about the current total funds and how much were offered as liquidity
in your supported pools and the tube

zoro · February 20, 2016, 9:06am

@henry,
i added the grant in the voting list. So far it has zero votes!
Can you please reply to above request if you agree or have another proposal.
But for sure a report is needed, if it is a matter of workload or cost or something else please tell us so we can work something out
thanks

henry · February 20, 2016, 1:52pm

The basic info is reporting to NuClient almost realtime for NuBot and twice a day for NuLagoon Tube.

We would be happy to report more info in detail in a weekly basis. But that would need NuBot to provide some extra features, such as APIs which could be called by external script and output liquidityinfo in more details.

Thank you.

Nagalim · February 20, 2016, 2:28pm

How about a monthly summary when you submit your fee request?

henry · February 20, 2016, 3:03pm

Could you list what info you would like to include in this monthly summary?
We will evaluate if they are feasible to implement.
Thanks.

Nagalim · February 20, 2016, 3:27pm

Average estimated liquidity in each tier throughout the month, and the tube. So this would be 4 numbers, don’t have to be perfectly accurate.
Approximate average split amongst T1 between exchanges (what % polo and hitbtc, sums to 100%).
Something about rebalances. Like, frequency and magnitude moved from T3 down to T1. Basically, how much you deposited and withdrew from exchanges throughout the month, with what frequency. Again, you dont have to be perfectly accurate, just an idea.
Some monthly statement about NAV. Even just a link to the NAV charts would be fine here.
Get creative? Give some numbers to tell shareholders they spent their money wisely. Marketing is everything.

The idea is to give a single place that someone can go to check up on y’all, with all the info collected in one post. It seems to make sense to do that when you’re asking for payment.

Cybnate · February 21, 2016, 1:28am

Added to my datafeed. I noticed that this address has been used before an earlier grant over 6 months ago.
Can we safely assume that this works?

CoinGame · February 21, 2016, 1:45am

If a grant has passed on a previous address it won’t work aagain. If the previous grant did not pass it will work.

Cybnate · February 21, 2016, 2:43am

In that case:

@henry, could you please provide another address for us to vote.
The address you provided have been used before; [Passed] The Nu Lagoon Custodian Fee Request of Sep 2015 and was granted on 10-Sep-2015.

GLock · February 21, 2016, 5:44am

I think would be nice to give processing times for transactions to take place:

for NuLagoon Tube transactions
for NuLagoon Withdrawals

So people can plan ahead if they want to use your service, and the overall operation will look also much more professional.

henry · February 21, 2016, 12:48pm

Thank you for the kind reminder.

The Grant Address has been updated to:

BHAU3ZGUqFNfFpHbMK2Jjf4izL1XGrjGfY, 4760.00 NBT`

cryptog · February 22, 2016, 2:47pm

voted.

crypto_coiner · February 23, 2016, 11:17pm

Have added this to my voting feed

henry · February 28, 2016, 3:58am

We just realized that the nubits was not successfully granted because the updated granted address is still an old one which was granted in Oct 2015.

https://blockexplorer.nu/address/BHAU3ZGUqFNfFpHbMK2Jjf4izL1XGrjGfY/1/newest

We don’t know why somehow when we try to generate a new address in our wallet, the wallet give us an old one. We will do some more research to see if could find the exact reason of the problem.

Share holders please revote on the following address once again. Really sorry for the unconvienience caused. Thank you.

BExP2RYt43WsPCHGFH8PuwntbC26J19xUz, 4760.00 NBT

Cybnate · February 28, 2016, 5:52am

Will be interested to hear about what happened.

zoro · February 28, 2016, 9:47am

I am a user in nulaggon but i am forced to withdraw my vote until i find evidence that Nu lagoon is indeed supports Poloniex.
Sorry

henry · February 28, 2016, 10:51am

Nu lagoon is. Except for sometimes the running Nubot stops working, it has to be restarted. We will check the status of the running NuBot on Polo.

zoro · February 28, 2016, 12:21pm

I am really glad to hear that. Many times i am struggling to find the presence of nu lagoon in Poloniex.
Thus i have started this thead

in order to monitor LPs my self

henry · February 28, 2016, 3:22pm

We just figure out what was exactly happened:

We tried to upgrade to V2.1.1.
The upgrade failed, we deleted the data directory and tried roll back to V2.0.3.
We were in a hurry to send transactions from nulagoon wallet, so we restore the whole Nu data directory from a backup of 09/2015.
We realized the wallet file was restored too, and checked the balance was correct. (Because all the addresses which are different between wallets 09/2015 and 02/2016 have 0 balance)
We generated a new address and realized later that the wallet gave us an address which was new for wallet 09/2015 but old for wallet 02/2016.

Conclusion:
Nu wallet works fine. Please use caution to restore wallet file even it has correct balance.