[Passed] NBT EXIT gateway on Poloniex provided by @masterOfDisaster

[masterOfDisaster]

Continuing the discussion from [Voting] NBT entry gateway on Poloniex provided by @masterOfDisaster:

[Passed] NBT entry gateway on Poloniex provided by @masterOfDisaster

##Intro
Dear community,

over the last weeks Nu was busy bringing NBT to market to satisfy an increased demand. Selling them from T4 or T6 to T1-3 to hold the peg was a tough mission, which was accomplished due to the help of so many.
Thank you for that!

Please read the rest of the reasoning in the linked topic, initial post, if you don’t know what to think of it.

Proposal RIPEMD160 hash: 96f0827d48ec3d76211c9ee86514aee96e00459d

=##=##=##=##=##=## Custodian Hash starts with this line ##=##=##=##=##=##=

Custodial Address: BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP
Amount Requested: 1 NBT

@masterOfDisaster - following “the operator” - will operate a NuBot on the exchange mentioned below. The liquidity is being broadcast using the custodial address to allow tracking the liquidity situation of the bot. If the gateway function is required Nu (FLOT, JordanLee) sends BTC to the exchange account deposit address. The BTC get sold and the earned NBT are not put into orders, but get transferred to a Nu address (T4 sell side) on a regular basis.
The process of selling BTC can be tracked with the getliquiditydetails RPC.

Disclaimer
The operator charges no fee for this NBT exit / BTC entry gateway, but offers no guarantee for anything - neither the availability of NuBot nor malfunctions of NuBot nor outages of the internet access nor the funds on the exchange. The operator promises to send all (remaining) BTC and traded NBT to Nu (FLOT, JordanLee) on a regular basis or burn the NBT. The operator won’t take any of the funds or trade them.

Operator: @masterOfDisaster
Type: NuBot
Exchange: poloniex.com
Pair: NBT/BTC
Mode: Buy side only
Spread After Fees: < 1%
Duration: 60 days
Operator Fee: 0 NBT
Total Grant: 1 NBT

=##=##=##=##=##=## Custodian Hash ends with this line ##=##=##=##=##=##=

Verify. Use everything between and including the <custodianhash></custodianhash> tags.

edit:

BTC address to fund account (this was the BTC entry (NBT exit) gateway / buy side, but is no longer; it’s now dual side!):
1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi

NBT address to fund account:
BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw

Remark:
as the FLOT has started its operation, addresses controlled by JordanLee or FSRT will no longer be used to withdraw funds from the gateway.
Any funds that are sent to this address will be converted to NBT by NuBot and the proceeds will be withdrawn to a FLOT T4 NBT address. BTC funds that are not yet converted might be withdrawn to a FLOT T4 BTC address.

Update:

Current Liquidity

Outlook: the gateways will very soon not be “always on”, but can be activated with short lead-time.

This will reduce the utility of the gateways as they can’t be used without manual activation (from me) after being funded by e.g. @JordanLee or @FSRT.As only the FLOT did fund them the last times, Nu might be able to live with that.If not, additional gateways need to be created.

Update2

The gateway was activated on 2016-03-05:

Current Liquidity

10,000 NBT was just sent to BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw. @masterOfDisaster, please send BTC proceeds to FLOT.

Current Liquidity

Roughly $3.5k have already been traded by my NuBot: nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2 "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : { "buy" : 3564.73, "sell" : 6459.8767

Beginning 2016-04-20 this the operating fee of the gateway is 15 NBT/day:

[Passed] motion to permit dual side NuBot on Poloniex

The operator charges no fee for this operation for the first 45 days of operation.
If the operation hasn’t been ceased by request of either NSR [holders] or FLOT after those 45 days passed, a fee of daily 15 NBT applies for the next 30 days, increasing 5 NBT per day each subsequent 30 days.
The fee will be taken from funds on the exchange account if sufficient funds are available or raised by grant.
If the operation is ceased by FLOT or NSR holder request and started again afterwards, this grace period won’t be applied again.

The fee of 15 NBT/day applies as well, if the gatetway operation is ceased before the 45 days passed and the gateway gets activtated again.

2016-04-25
Decommissioning of the gateway has been initiated.

2016-04-26
The gateway is on unattended standby from now on.

[Cybnate]

Adding to my datafeed

[cryptog]

96f0827d48ec3d76211c9ee86514aee96e00459d verified.[quote=“masterOfDisaster, post:1, topic:3107”]
Custodial Address: BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP

Amount Requested: 1 NBT
[/quote]

voted

[masterOfDisaster]

The grant passed, I updated my NBT exit / BTC entry gateway to broadcast liquidity information using the custodial address BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP and now NuBot is running again:

nud getliquiditydetails B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 9
    "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
        "1:NBTBTC:poloniex:0.3.2a_1449088964364_c6087a" : {
            "buy" : 0.0,
            "sell" : 0.0
        },
        "2:NBTBTC:poloniex:0.3.2a_1449088964364_c6087a" : {
            "buy" : 0.26,
            "sell" : 0.0998
        }
    },

In case of emergency for the peg locally on Poloniex, this NuBot can be used to inject BTC on T1 at Poloniex.
The terms from the grant apply.

Relevant parameters of the config file are:

  "dualside": true,
[...]
  "submitliquidity": true,
  "nubitaddress": "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP",
[...]
  "bookDisabletier2": true,
[...]
  "bookSellwall": 0.0,
[...]
  "bookSellMaxVolumeCumulative" : 0,
[...]
  "bookBuywall": 1000.0,
  "bookBuyOffset": 0.005,
  "bookBuyInterval": 0.015,
  "bookBuyMaxVolumeCumulative" : 0,
  "bookBuyType": "exp",
  "bookBuySteepness": "low"
[...]

If somebody is planning to operate this kind of gateway on other exchanges (or Poloniex) I’m pleased to help with additional configuration parameters that I left out here.

[JordanLee]

With tier 1 buy side liquidity currently below 35%, I am activating as a backup tier 4 liquidity operator. I intend to use this gateway to inject 25 BTC into the Poloniex buy wall in about an hour.

[masterOfDisaster]

Round one

The 25 BTC have been traded to 10,200.26 NBT by the NBT exit gateway.
All NBT have been sent to FLOT address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js in
three transactions:

• Transaction 1
• Transaction 2
• Transaction 3

Converting the 25 BTC to NBT and sending the NBT to FLOT is complete.

[cryptog]

Awesome job.

By the way, how someone can verify that “BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js” is a FLOT address?

[cryptog]

By the way, I am wondering if there is a way to create this kind of gateway (EXIT or ENTRY) at a multi-sig (FLOT address for example) address?

The purpose is to foster further the decentralization of Nu’s liquidity.

The problem that I see is the bot. Someone would need to run the bot at this multi-sig address, which is possible I think but it entails the same type of risk as using a custodian’s single address (like @masterOfDisaster did) .

I am wondering if bce could help here…

[masterOfDisaster]

By the way, how someone can verify that “BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js” is a FLOT address?

For example by looking here:

FLOT US-NBT Operations (sell side)

Relevant FLOT Operations Thread FLOT Bitcoin Operations (buy side) FLOT NuShare Operations (buy side) FLOT BlockShare Operations (buy side) FLOT Peercoin Operations (buy side) Tier 4 Fund Management Create multisig transaction with Cointoolkit (Daology article) Addresses masterOfDisaster (former) NBT EXIT gateway address (now dual side) BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw (use in emergencies only until further notice!) @masterOfDisaster (former) NBT entry gateway address (now dual side) …

or here:

[Passed] First deposit to FLOT sell-side / NBT

According to the current FLOT charter (motion f99ddf406a32d39be7d614c13dc1ce63c96e4003), 150,000 NBT shall be requested for FLOT sell-side liquidity. Shareholders please vote for the following grant: BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js, 150000.00 NBT Thank you.

By the way, I am wondering if there is a way to create this kind of gateway (EXIT or ENTRY) at a multi-sig (FLOT address for example) address?

Not for now, the address belongs to the exchange account - it’s the deposit address.

I am wondering if bce could help here…

Yet it will help. B&C Exchange will alter that. At BCE deposit addresses are always multisig addresses.

[cryptog]

Tks a lot for clarifying. I am sure other people too were interested in getting to know about that.

[masterOfDisaster]

Round two

Providing the gateway with funds:
25 BTC were sent from @JordanLee to the gateway and credited by Poloniex on 2015-12-27, 02:36 UTC.
20 BTC were sent from FLOT to the gateway and credited by Poloniex on 2015-12-27, 04:30 UTC.

The funds were automatically put in buy side orders by NuBot (size 1,000 USD, automatically replenished when consumed by more than 90% for over 15 minutes).

Status at 2015-12-27
31.1 BTC have been traded for 12,976 NBT

6,800 NBT have been withdrawn to FLOT NBT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js

6,176 NBT wait for the reset of the daily withdrawal limit to be withdrawn to the FLOT NBT address.
13.9 BTC wait on the exchange account to be converted to NBT.

---

Updated status at 2015-12-28
The remaining 13.9 BTC have been traded for NBT.
12,027 NBT were in the account, before the next withdrawal took place.

6,800 NBT have been withdrawn to FLOT NBT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4j

5,227 NBT wait for the reset of the daily withdrawal limit to be withdrawn to the FLOT NBT address.

---

Updated status at 2015-12-29
5,227 NBT have been withdrawn to FLOT NBT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4j

Round two complete.

Summary:
45 BTC have been traded for 18,827 NBT. The average price was 418.37 NBT/BTC

[masterOfDisaster]

Important update in the OP (more detailed information can be found here):

Outlook: the gateways will very soon not be “always on”, but can be activated with short lead-time.

This will reduce the utility of the gateways as they can’t be used without manual activation (from me) after being funded by e.g. @JordanLee or @FSRT.As only the FLOT did fund them the last times, Nu might be able to live with that.If not, additional gateways need to be created.

This gateway is now on standby.

[masterOfDisaster]

Round three

Providing the gateway with funds:
20 BTC were sent from FLOT to the gateway and credited by Poloniex on 2016-01-09 00:03:30 UTC.

The funds weren’t automatically put in buy side orders by NuBot, because the BTCUSD price didn’t move enough to trigger a wall shift
NuBot was manually restarted and places now orders (first 7 hours size 2,000 USD, recently increased to 3,000 USD, automatically replenished when consumed by more than 90% for over 15 minutes).

Status at 2016-01-09
no BTC have been traded so far

---

Status at 2016-01-10
0.724 BTC have been traded for 326 NBT; 19.276 BTC remaining

---

Status at 2016-01-11
19.982 BTC have been traded for 8,911 NBT; 0.018 BTC remaining

6,800 NBT have been withdrawn to FLOT NBT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4j

2,111 NBT wait for the reset of the daily withdrawal limit to be withdrawn to the FLOT NBT address.

---

Status at 2016-01-12
2,111 NBT have been put on order due to this event:

Current Liquidity

Exactly! I am out of NBT there! Lets do a deal FLOT. I have 15 BTC to sent you. edit: we will need also the emergency gateway edit2: price $ 1.17 in polo and in cmc. dire situation @JordanLee, @FSRT

and have been traded for 4.7 BTC.

The gateway is currently suspended.
Using the 2,111 to support the sell side needs to be discussed as it was a violation of the terms of the buy side gateway.
I did it in all conscience, but still think that requires consequences in one way or another.

I will get back to this topic later.

---

Status at 2016-01-16 (retroactive entry)
Situation dire, 4.7 BTC put on order, but due to the immense buy side lasted not long.
BTC price rollercoaster made it hard to keep the peg. The story is partially tracked beginning here: Current Liquidity

---

Status at 2016-01-17 (retroactive entry)

50 BTC were sent from FLOT to the gateway and credited by Poloniex on 2016-01-17 03:47:34 UTC.

Currency	Amount	Address	Date	Status
BTC	50.00000000	1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi	2016-01-17 03:47:34	COMPLETE

The total of 54.7 BTC were used to support the buy side.

NuBot was changed from gateway mode to dual side mode to create a buffer layer until T3 custodians and fixed cost reward scheme could improve liquidity provision.
This is noticed as another violation of the terms, but a motion to legitimate dual side NuBot operations on Poloniex has been created.

---

Status at 2016-01-18
11,915 NBT on sell side (2,000 on order book)
24.2 BTC ($9,317) on buy side ($2,000 on order book)

---

Status at 2016-01-19
11,915 NBT on sell side (2,000 on order book)
24.2 BTC ($9,317) on buy side ($2,000 on order book)

---

Status at 2016-01-20
14,868 NBT on sell side (6,000 on order book; parametric order book working again!)
1.9 BTC on buy side ($779 on order book)

5,000 have been withdrawn to FLOT NBT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js

---

Status at 2016-01-21

12.620 NBT on sell side
9.6 BTC on buy side ($3,984 at the time of writing)

---

Status at 2016-01-22
10 BTC were sent from FLOT to the gateway and credited by Poloniex on 2016-01-22 00:37 UTC.

Currency	Amount	Address	Date	Status
BTC	10.00000000	1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi	2016-01-22 00:37:20	COMPLETE

10,600 NBT on sell side
24.5 BTC on buy side ($9,751 at the time of writing)

[masterOfDisaster]

NuBot is still running in dual side mode. The offset has been adjusted to (0.009, 0.009) to reduce the risk originating from NBT being used to hedge BTCUSD volatility.

Former buy side gateway, now dual side NuBot:

22:00:10.315 [pool-1-thread-1] WARN  - Initiating price subscription. Streamer will push a notification when price changes more than 0.2%. Initial price to track: 380.35 USD [c.n.n.s.Subscriber:181]
22:00:10.346 [pool-1-thread-1] INFO  - Computing USD prices with sellOffset:0.009$ and buyOffset:0.009  : buy @ 1.0102999999999998 buy @ 0.99 [com.nubits.nubot.streamclient.Subscriber:426]
22:00:10.357 [pool-1-thread-1] INFO  - Actual prices from bitfinex (using 1 BTC = 380.35 USD) : sell @ 0.00265624 BTC; buy @ 0.00260287 BTC [com.nubits.nubot.streamclient.Subscriber:436]
22:00:10.363 [pool-1-thread-1] INFO  - setBuyPricePEG : 0.00260287 [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegTask:228]
22:00:10.369 [pool-1-thread-1] INFO  - set setSellPricePEG : 0.00265624 [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegTask:219]
22:00:10.375 [pool-1-thread-1] INFO  - Started BotTask Strategy Secondary Task [com.nubits.nubot.tasks.BotTask:57]
22:00:10.385 [Strategy Secondary Task] WARN  - Initializing strategy [c.n.n.s.S.StrategySecondaryPegTask:137]
22:00:10.392 [Strategy Secondary Task] INFO  - setting up ordermanager [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegTask:138]
22:00:10.396 [pool-1-thread-1] WARN  - Subscribing to websocket push updates from streamer @ tcp://stream.tradingbot.nu:5561 [c.n.n.s.Subscriber:103]
22:00:10.463 [Strategy Secondary Task] INFO  - Sell-Wall size :  : 0.0 NBT [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:538]
22:00:10.481 [Strategy Secondary Task] INFO  - Buy-Wall size :  : 0.0 NBT [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:543]
22:00:11.939 [sendLiquidity] WARN  - Liquidity is not being sent : orders are not yet initialized [c.n.n.t.SubmitLiquidityinfoTask:147]
22:00:16.075 [Strategy Secondary Task] INFO  - initOrders SELL [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:177]
22:00:16.975 [Strategy Secondary Task] WARN  - Putting a cap on SELL liquidity available. [Total Balance  : 11917.16421074 NBT ; capped @  4000.0 NBT] [c.n.n.t.L.LiquidityDistributionModel:85]
22:00:16.988 [Strategy Secondary Task] INFO  - SELL- OrderBook : ----- SELL-side order book :
1.01,0.00265545,2000.0
SELL wall volume : 2000.0
SELL tier2 volume = 0.0 NBT
Total SELL volume = 2000.0 NBT
Best price :0.00265545 (1.0100004075000002$)
SELL balance left = 9917.16421074 NBT-----  [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]
22:00:16.996 [Strategy Secondary Task] INFO  - Trying to place 1 orders... [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:228]
22:00:17.471 [Strategy Secondary Task] INFO  - SELL wall order updated. ID : 1200341519 size: 2000.0 [com.nubits.nubot.trading.TradeUtils:231]
22:00:17.505 [Strategy Secondary Task] WARN  - **SELL** orders re-initialized on  **poloniex** :  1/1 placed successfully
total amount placed : 2000.0
Tier1 order size : 2000.0
Tier2 cumulative order size : 0.0 (0 orders)
 [c.n.n.s.S.StrategySecondaryPegUtils:246]
22:00:26.355 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
22:00:56.354 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
22:01:26.359 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
22:01:29.181 [Strategy Secondary Task] INFO  - Order placed = OrderToPlace{type=SELL, pair=nbtbtc, size=2000.0, price=0.00265545} [com.nubits.nubot.models.MultipleOrdersResponse:88]
22:01:29.186 [Strategy Secondary Task] INFO  - Order ID = 1200341519
 [com.nubits.nubot.models.MultipleOrdersResponse:89]
22:01:29.193 [Strategy Secondary Task] INFO  - initOrders BUY [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:177]
22:01:35.106 [Strategy Secondary Task] WARN  - Putting a cap on BUY liquidity available. [Total Balance  : 24.20721903 BTC ; capped @  10.51662942 BTC] [c.n.n.t.L.LiquidityDistributionModel:85]
22:01:35.113 [Strategy Secondary Task] INFO  - BUY- OrderBook : ----- BUY-side order book :
0.990002,0.00260287,2000.0
BUY wall volume : 2000.0
BUY tier2 volume = 0.0 NBT
Total BUY volume = 2000.0 NBT
Best price :0.00260287 (0.9900016045000001$)
BUY balance left = 7207.21575806 NBT-----  [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:227]
22:01:35.117 [Strategy Secondary Task] INFO  - Trying to place 1 orders... [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:228]
22:01:35.428 [Strategy Secondary Task] INFO  - BUY wall order updated. ID : 1200350510 size: 2000.0 [com.nubits.nubot.trading.TradeUtils:231]
22:01:35.439 [Strategy Secondary Task] WARN  - **BUY** orders re-initialized on  **poloniex** :  1/1 placed successfully
total amount placed : 2000.0
Tier1 order size : 2000.0
Tier2 cumulative order size : 0.0 (0 orders)
 [c.n.n.s.S.StrategySecondaryPegUtils:246]
22:01:56.354 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
22:02:21.901 [sendLiquidity] WARN  - Liquidity is not being sent : orders are not yet initialized [c.n.n.t.SubmitLiquidityinfoTask:147]

[masterOfDisaster]

Status at 2016-01-21 00:50 UTC

Parametric order book could be enabled again recently.

Current settings:

“bookDisabletier2”: false,

“bookSellwall”: 1000.0,
“bookSellOffset”: 0.01,
“bookSellInterval”: 0.002,
“bookSellMaxVolumeCumulative” : 4000,
“bookSellType”: “exp”,
“bookSellSteepness”: “high”,

“bookBuywall”: 1000.0,
“bookBuyOffset”: 0.01,
“bookBuyInterval”: 0.002,
“bookBuyMaxVolumeCumulative” : 4000,
“bookBuyType”: “exp”,
“bookBuySteepness”: “high”

Resulting in e.g. this set of orders (at a price level of ~$420 per BTC):

I will let the dual side NuBot run with these settings for a while.
I feel like I’ve reached a point where not much room for improvement is left.

Overview of balances:
9.6 BTC
12,620 NBT

If the balance stays like this, I’ll schedule a deposit of BTC with FLOT while withdrawing NBT instead of offering cheap NBT on the market to balance.
The remaining BTC should provide sufficient buffer to do this without urgency - in difference to the last deposits to the gateway accounts.

[masterOfDisaster]

As the thread doesn’t get bumped when I edit an embedded post, here’s the current status of the associated exchange account:

Status at 2016-01-21

12.620 NBT on sell side
9.6 BTC on buy side ($3,984 at the time of writing)

This makes a total of
28,257 NBT on sell side
29 BTC on buy side ($12,035) at the time of writing

I’m going to initiate a (this time non emerency!) deposit of BTC (to both “gateway” accounts) if the BTC funds are depleted any further, while I continue withdrawing NBT (depending on the balance from one account or both) after the reset of the withdrawal limit

OP has been updated with

NBT address to fund account:
BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw

[masterOfDisaster]

This gateway is on active standby without being closely monitored

The respective exchange account was cleared to FLOT.
The gateway continues to be available by the terms of this motion:

[Passed] motion to permit dual side NuBot on Poloniex

Continuing the discussion from Current Liquidity: TL;DR Have a custodian run a dual side NuBot on Poloniex with Nu funds to create a buffer and support the peg. This is a band-aid solution until e.g. T3 custodians and fixed cost compensation have eased the liquidity situation and improved the reliability of the peg. Poloniex as the exchange with biggest NBT trading volume is very important for customers evaluating the peg. /TL;DR Assessment / Reasoning This motion draft is trying to solve…

The exchange deposit addresses (NBT, BTC) remain the same.

BTC address to fund account […]: 1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi

NBT address to fund account: BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw

Close monitoring of the operation can’t be provided until further notice.

It’s recommended to use it in emergencies only, e.g. at Bitcoin price roller-coaster with failed ALP and trouble with the NuBot operation of @zoro which as aresult poses a severe danger for the peg (at Poloniex, which is at the moment the most important exchange for NBT).

NuBot order parameters of this dual side gateway:

“bookDisabletier2”: false,

“bookSellwall”: 1500.0,
“bookSellOffset”: 0.01,
“bookSellInterval”: 0.002,
“bookSellMaxVolumeCumulative” : 6000,
“bookSellType”: “exp”,
“bookSellSteepness”: “high”,

“bookBuywall”: 1500.0,
“bookBuyOffset”: 0.01,
“bookBuyInterval”: 0.002,
“bookBuyMaxVolumeCumulative” : 6000,
“bookBuyType”: “exp”,
“bookBuySteepness”: “high”

Remark: deposited funds will be used for dual side trading. Withdrawing funds will only be possible once I’m back from my next trip.

As long as the USD value of the buy side reported by NuBot keeps changing with a moving BTC price, one can assume the NuBot is still running properly and available for emergencies.
Let’s hope that the $3.2894 BTC don’t get traded soon to NBT:

nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 3.2894,
            "sell" : 3.0

[cryptog]

Perhaps we can think about a way to choose a gateway manager who will be in charge of adjusting the parameters upon requests from the shareholders.

[masterOfDisaster]

The gateway was activated on 2016-03-05:

Current Liquidity

10,000 NBT was just sent to BJUQAhZxXfiiTbG6eeG11L3fcZ25bf2Bmw. @masterOfDisaster, please send BTC proceeds to FLOT.

Current Liquidity

Roughly $3.5k have already been traded by my NuBot: nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2 "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : { "buy" : 3564.73, "sell" : 6459.8767

Beginning 2016-04-20 this the operating fee of the gateway is 15 NBT/day:

[Passed] motion to permit dual side NuBot on Poloniex

The operator charges no fee for this operation for the first 45 days of operation.
If the operation hasn’t been ceased by request of either NSR [holders] or FLOT after those 45 days passed, a fee of daily 15 NBT applies for the next 30 days, increasing 5 NBT per day each subsequent 30 days.
The fee will be taken from funds on the exchange account if sufficient funds are available or raised by grant.
If the operation is ceased by FLOT or NSR holder request and started again afterwards, this grace period won’t be applied again.

The fee of 15 NBT/day applies as well, if the gatetway operation is ceased before the 45 days passed and the gateway gets activtated again.

[zoro]

This proposal seems a bit awkward now that there are more nubots available in Poloniex.
Moreover, it is very bad that you are offering a free service and then a very expensive one.
I guess we have to cancel this operation ASAP in order for you to make a “proper” grant with
the “correct” fee both for you and NU