bump.
changed from [Draft] to [Voting] and from “motion” to “grant”. More information in the last edit of the OP.
As soon as NuBot 0.3.2 is released and this grant as passed, I will fund hitBTC and start NuBot on hitBTC.
The funds for that are already under my control
the total grant is still 225, of which you are requesting 1 NBT now. But w/e.
You are right, but I didn’t want to confuse with contradicting numbers.
I have some belief that shareholders will continue to pay for the services they receive the way it was agreed - otherwise I wouldn’t offer full payment after the service 
So you would request the payment of 225 NBT once the service has been delivered?
You are probably right, but your grant details don’t make that clear. Technically there is no obligation resulting from this custodial grant. I think you should have mentioned it as part of you verifiable grant text. But hey, we all make mistakes from time to time. Even I do ([Passed] LiquidBits term 5 grant - Automatic Liquidity Pool (ALP)) so I will support your grant.
2 Likes
Yes.
This is my first attempt in this field.
But while I planned to remove contradicting numbers from the grant, the
Liquidity volume: 1,500 NBT together with the
Ask/ Bid Reward Rate: 0.5%/day and the 30 days operation can be used to calculate the 225 NBT.
The only way to really make sure, the money is paid, is by requesting a grant (and waiting for it to pass) before the operation starts.
That’s not the route I chose.
If I provide liquidity and don’t get compensated I’ll have to explain something to the guys who provide the funds, but I’ll survive that. Before I talked with them about earning money by providing liquidity, the coins were sitting idle in wallets.
I’d consider it a lessons learned session, but don’t expect to learn this lesson here and soon.
1 Like
42a734a54664547d04f4cb5c292f30730451a55d verified and
Custodial Address: BBZ4h88BwYCyE9q268LoArps6eodq9PDGH
Amount Requested: 1 NBT
voted
I was thinking of a fancy name.
So far every liquidity provider picked one.
@Nagalim had a nice idea:
Although I find it funny, it might send the wrong signal.
But it inspired me to think about something at least remotely funny, because I heard Sunny King.
I ended up with modPuddle.
Reading it is less funny than saying it
Oh noes!
You exposed me!
voted
This grant passed. Bot is prepared, hitBTC account funded and operation will start with this BTC price:
16:07:07.801 [priceTriggerTask] INFO - Price Updated. bitfinex:1 BTC = 246.44 USD [com.nubits.nubot.tasks.PriceMonitorTriggerTask:353]That means
- 750 NBT will be put on sell side
- 3.044 NBT will be put on ask side.
edit:
NuBot effectively started operation at
Mon Oct 12 16:16:20 UTC 2015 , 4 , 2 , 2 , 250.0,250.00000033,cf2081ac3fa0 : { SELL 250.0@0.004081} 5f70b5b4ac41 : { SELL 500.0@0.004142} d6e1fcf4ef57 : { BUY 250.0@0.004032} 629895e122ac : { BUY 498.986@0.003971}
Current status:
nud -unit=B getinfo
{
"version" : "v2.0.1-unk-beta",
"protocolversion" : 2000000,
"walletversion" : 1,
"walletunit" : "B",
"balance" : 1.0,
"newmint" : 0.0,
"stake" : 0.0,
"parked" : 0.0,
"blocks" : 567474,
[...]
nud getliquidityinfo B | grep "BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" -A 2
"BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" : {
"buy" : 750.05,
"sell" : 750.0
1 Like
The first 23 hours of - as far as I can see - flawless operation have passed.
Here’s a snapshot of the current situation:
Tue Oct 13 15:11:39 UTC 2015
[...]
nud -unit=B getinfo | grep "version" -A 8
"version" : "v2.0.1-unk-beta",
"protocolversion" : 2000000,
"walletversion" : 1,
"walletunit" : "B",
"balance" : 1.0,
"newmint" : 0.0,
"stake" : 0.0,
"parked" : 0.0,
"blocks" : 568854,
"moneysupply" : 4625113.6491,
"totalparked" : 2006.33,
[...]
nud getliquidityinfo B | grep "BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" -A 2
"BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" : {
"buy" : 0.11,
"sell" : 1511.937
[...]
nud getliquiditydetails B | grep "BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" -A 17
"BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" : {
"1:NBTBTC:hitbtc:0.3.2_1444582453882_5ce12a" : {
"buy" : 0.0,
"sell" : 0.0
},
"1:NBTBTC:hitbtc:0.3.2_1444665981291_6022eb" : {
"buy" : 0.0,
"sell" : 250.0
},
"2:NBTBTC:hitbtc:0.3.2_1444582453882_5ce12a" : {
"buy" : 0.0,
"sell" : 0.0
},
"2:NBTBTC:hitbtc:0.3.2_1444665981291_6022eb" : {
"buy" : 0.11,
"sell" : 1261.937
}
},
Liquidity status status of modPuddle
Wed Oct 14 17:36:09 UTC 2015
nud -unit=B getinfo | grep version -A 8
"version" : "v2.0.1-unk-beta",
"protocolversion" : 2000000,
"walletversion" : 1,
"walletunit" : "B",
"balance" : 1.0,
"newmint" : 0.0,
"stake" : 0.0,
"parked" : 0.0,
"blocks" : 570389,
"moneysupply" : 4625112.9069,
"totalparked" : 2006.33,
nud getliquidityinfo B | grep BBZ4h88BwYCyE9q268LoArps6eodq9PDGH -A 2
"BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" : {
"buy" : 0.11,
"sell" : 1511.937Balancing the funds initiated##
As the buy side is below 45% of total funds, balancing happens
Price:
17:49:55.528 INFO - Price Updated. blockchain:1 BTC = 254.5 USD - [c.n.n.t.PriceMonitorTriggerTask:353]
750 NBT equivalent in BTC will be put into buy side.
Based on 254.5 NBT/BTC that equals to 2.947 BTC.
As the hitBTC sell side is much bigger than the hitBTC buy side, inter exchange balancing will be done (instead of trading the NBT into NuLagoon’s buy side).
Poloniex has at the time of balancing a significantly higher ask volume and will be used for the balancing.
Ask order target 35737.96 NBT filled of maximum 20000 NBT ( 178.69% )
Bid order target 14659.23 NBT filled of maximum 20000 NBT ( 73.3% )Liquidity status status of modPuddle after balancing##
Wed Oct 14 18:10:09 UTC 2015
nud -unit=B getinfo | grep version -A 8
"version" : "v2.0.1-unk-beta",
"protocolversion" : 2000000,
"walletversion" : 1,
"walletunit" : "B",
"balance" : 1.0,
"newmint" : 0.0,
"stake" : 0.0,
"parked" : 0.0,
"blocks" : 570433,
"moneysupply" : 4625112.8869,
"totalparked" : 2006.33,
nud getliquidityinfo B | grep BBZ4h88BwYCyE9q268LoArps6eodq9PDGH -A 2
"BBZ4h88BwYCyE9q268LoArps6eodq9PDGH" : {
"buy" : 751.69,
"sell" : 750.0You made money 
1 Like
Between exchanging and transferring the BTC the price went up
But in fact we lost money.
The 3.044 BTC from the start are now only 2.947 BTC. The 3.044 BTC would be worth 774.698 NBT at the rate of 254.5 NBT/BTC.
23 NBT in the red on the second day.
The transfer fees are tiny, but the 0.2% fee at poloniex was paid from my own pocket, which is another 1.5 NBT.
I’m not too excited about the current balance, but about the NuBot operation in general
But fortunately I get a share of the (future) reward for the liquidity operation and the two other guys bear the risks 
Minus 1.5 NBT for me.
Minus 23 NBT for the fund owners.
Operating a liquidity pool is obviously the more reliable business^^
Shareholders don’t account in BTC, they account in NBT. If we account for the 1.5 NBT fee loss, you broke even. When the price starts going down or remains stable we’ll see how much you really lose. Who’s to say the fund owners wouldn’t have sold in this time and lost out on that 23 NBT? In my opinion, funds can only be lost or gained in the moment of rebalance, and only from the perspective of NBT worth. The result will be that when BTC goes down you’ll have to account for some hard losses.
1 Like
It’s day two, BTC is in the last days more volatile than before, there are some more days to go.
The final balance will be after day 30 and not earlier.