[Passed] LiquidBits term 3 Trusted Network Liquidity Pool

[cryptog]

different perspective of trustless I’ve learned.

I think you are totally right.

[Cybnate]

Thinking about it, Trusted Network Liquidity Pool might be even better than Network Trusted Liquidity Pool, but we are getting into semantics here.

[Nagalim]

We need to define a term for nulagoon too. Network Trusted Liquidity Pool instead of tllp, Operator Trusted Liquidity Pool for NuLagoon?

[willy]

Good discussion, I have no objections so far.

Trusted Network Liquidity Pool might be even better

yesss. TNLP sounds fine.

Operator Trusted Liquidity Pool for NuLagoon?

Also very good!

[nmei]

When will this roll out again?
I see the new pair on the raw feed, but it appears the new targets and compensation has not been implemented.

[willy]

Cybnate told me she will restart the sever tomorrow

[nmei]

Thanks

[Cybnate]

The LiquidBits server has just been reset to reflect the new setting as per custodial grant in the OP.

Please take notice of the new NBT/BTC pair on CCEDK which is now open for business.

Thanks for your consideration.

[mhps]

The effective daily interest rate is like 0.15% per day due to server (or software, depending how you look at it) problems.

[Cybnate]

I can confirm that and I’m working with CCEDK developer and @ronny to resolve this connection problem which suddenly occurred late last month and seems to have worsened.

[mhps]

I am disappointed to see liquidity of the low risk and foundamental NBT/USD pair dropping.

[nmei]

Dropping?

[mhps]

Efficiency has come back to nearly 100%. Rejection rates goes down.

[ttutdxh]

What is the current status on CCEDK NBT/EUR?
I don’t see any sell side liquidity right now.

[nmei]

I was the only one selling NBT on that pair. And they all got bought. Now I’m left with EUR in an overfull buy.

@ronny
CCEDK has been amazingly accommodating with NBT. And their market maker offer is a great deal.
So this is a formal request to see if CCEDK could review lowering their instant buy spreads just a little. Right now the EUR/BTC instant buy price is 3% off from Kraken. That hurts. Because my options are a wire transfer (~1.5 to 2% hit) and then wait to get funds back to market. Or the 3% instant buy hit and have the funds back to market quickly. If the instant buy was 2% it’d be an easy choice.

[ronny]

@nmei do I understand it the way that a 2% instant buy rate would be ok for generally keeping the market afloat with equal buy and sell wall?

Thanks for for the compliment by the way. We try our best to make it interesting to trade on CCEDK.

[nmei]

@ronny Yes, a 2% instant buy rate would enable me to keep up both a buy and sell wall.

[ronny]

I am all for trying things at least once, so I will do that right away. done, hope that helps
and I have changed the trade commission to be 0,0001%, I need something for the trades to show on CMC, and hope thats ok. With a charge like this I dont feel you shoul feel it much, but let me know if it is not ok, then we talk about it and find a solution.

[nmei]

Now that is awesome service!

[masterOfDisaster]

Impressive!
Thank you for keeping up your good service!
I know that some things went bad, but I honor your will to continue a service that is as outstanding as possible