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

[Nagalim]

Ok, sounds good. Just to clarify, if FLOT asks for the money back you’ll stop charging correct?

[zoro]

Ok, sounds good

What sounds good?
I still believe that it is very unfair for MoD to offer a free service once again. He is working so hard for NU!

[Nagalim]

This isnt free its 15 per day

Edit: i didnt read it carefully, y’all are right.

[zoro]

This isnt free its 15 per day

Please read the proposal more carefully

sorry if i seem to be impolite sometimes.

[masterOfDisaster]

Just to clarify, if FLOT asks for the money back you’ll stop charging correct?

Right. And for the first 45 days I won’t charge any fee at all.
It would be good to bring an “emergency solution” not even close to those 45 days…

it is very unfair for MoD to offer a free service once again

That’s exactly what I offered and what I will deliver it - if necessary for full 45 days.

This isnt free its 15 per day

Only after 2016-04-20 or when the gateway gets activated again after the operation has been ceased in between.

The first 45 days are free.
The next 30 days cost 15 NBT/day.
The 30 days after that cost 20 NBT/day.
etc.

[zoro]

If we make a motion to pay you a fee for these 45 days and then shut you down for good
(if this is what you want)
is acceptable by you?

[masterOfDisaster]

I don’t request a fee for this activation of the emergency solution.
And I don’t see why it’s better to not have it in the future.

The steep fee should provide an incentive to

• create redundant solutions
• use this emergency solution only when necessary

[masterOfDisaster]

NuBot order parameters of this dual side gateway have been updated:

“bookDisabletier2”: false,

“bookSellwall”: 1500.0,
“bookSellOffset”: 0.02
"bookSellInterval": 0.005,
“bookSellMaxVolumeCumulative” : 6000,
“bookSellType”: “exp”,
“bookSellSteepness”: “high”,

“bookBuywall”: 1500.0,
“bookBuyOffset”: 0.02,
“bookBuyInterval”: 0.005,
“bookBuyMaxVolumeCumulative” : 6000,
“bookBuyType”: “exp”,
“bookBuySteepness”: “high”

This was done to keep some distance between ALP on Poloniex:

[Passed] NuPool 8 ALPv2

Poloniex:Target: 15000 NBTTolerance: 0.015 (submitted liquidity will only be considered for reward if it lies within 1.5% of the peg price)

[zoro]

We don’t have a reply yet by woolly_sammoth. It could be an error!

[masterOfDisaster]

It can’t be very bad to keep some distance from mid price with this last resort.
@Cybnate’s PyBot will keep a tighter offset, because the PyBot runs within limits of the ALP server.

So there will be a “tiered” offset scheme, sorted by offset:
ALP -> @Cybnate’s PyBot -> your NuBot -> my NuBot

[Nagalim]

The pybot cybnate is running is off her personal server script. She can make the tolerance anything she wants. Shes not trying to get compensated via alp.

[zoro]

ALP -> @Cybnate’s PyBot -> your NuBot -> my NuBot

let me change it a little
Cybnate’s PyBot -> zoro NuBot -> ALP -> MoD NuBot

[Cybnate]

let me change it a littleCybnate’s PyBot -> zoro NuBot -> ALP -> MoD NuBot

I think we can change that back. See this thread.

[zoro]

And we also have to take the new Poloniex’s fee model into consideration.
https://poloniex.com/fees/

[masterOfDisaster]

Yes, we do.
At first glance it’s for the benefit of Nu, because Nu is with the liquidity provision scheme on the “maker” side (for which fees were reduced by 0.05%).
It’s good to make “takers” aware (by increasing the fee by 0.05%) that they need to pay for the “service” of others who provide liquidity.

Maybe I should increase the bot offset to 0.025
My bot is the ideal playground as I expect it to be discontinued quite soon - no later than 2016-04-19

[masterOfDisaster]

15 BTC have been withdrawn to FLOT:

FLOT BTC Operations (buy side)

FLOT, expect 15 BTC from my Poloniex gateway account. Tx to 1M3khPfXJreaFVbHab5XFEngwhbRh5Nxyi

This was done by my discretion to balance the liquidity situation:

Current Liquidity

Liquidity; ALix T1 + gateways (poloniex dual side, numerous sell side): Gateway status at Poloniex (dual side), NuLagoon MLP at Poloniex and several sell side only exchanges Fri Apr 1 19:07:20 UTC 2016 status of mOD dual side NuBot at Poloniex: nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2 “BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP” : { “buy” : 21216.91, “sell” : 9527.2174 status of zoro dual side NuBot at Poloniex: nud getliquidityinfo B …

I recommend an appropriate deposit of NBT in turn. Maybe I can craft a tx later.
Would be good to deposit NBT to @zoro’s and my gateway in the same tx as he followed the recommendation to balance as well.

[masterOfDisaster]

The funds arrived and are used by NuBot to support the peg:

nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 15070.68,
            "sell" : 15727.2174

[masterOfDisaster]

I’ve received 5 BTC on Poloniex, which were automatically recognized by NuBot and included in the liquidity broadcast (without NuBot restart):

Mon Apr 11 10:04:25 UTC 2016
status of mOD dual side NuBot at Poloniex:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 15857.27,
            "sell" : 16850.2342

2,100 NBT have been withdrawn to BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js with tx ID a87a496d5bb7da4792937668c7b542ed69288854bc726e2562d0133df4dc5b7d (that withdrawal went through very fast - almost instantly! Poloniex seems to have reworked the withdrawal system and not only the web interface…).
Coinpayments link
http://blockexplorer.nu/ offline; I might update the link later

New liquidity status of the gateway:

Mon Apr 11 10:16:24 UTC 2016
status of mOD dual side NuBot at Poloniex:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 15857.27,
            "sell" : 14750.2242

[masterOfDisaster]

7,000 withdrawn to FLOT NBT address. Tx ID 03120193798906607c694ad4f1c1bb9565d0b151e0eedb75180c99e64666746d

blockexplorer.nu
coinpayments.net

Request for deposit of 16.5 BTC in exchange (based on an exchange rate of 424 NBT/BTC follows).

edit:
16.5 BTC credited by Poloniex and automatically put on order by NuBot.
Results:

Thu Apr 14 17:44:20 UTC 2016
status of mOD dual side NuBot at Poloniex:
nud getliquidityinfo B | grep BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP -A 2
        "BFGMPykfKxXZ1otrCZcsbnTwJjKHPP9dsP" : {
            "buy" : 15525.63,
            "sell" : 15463.6728

[masterOfDisaster]

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

FLOT BTC Operations (buy side)

5 of 5 necessary votes from FLOT members (@dysconnect, @cryptog, @masterOfDisaster, @mhps, @Dhume ) to cease operation,

I’ll withdraw the NBT and BTC to FLOT multisig soon and have the gateway unattended on standby afterwards.

The funds on the account exceed my daily withdrawal limit.
I’ve requested a withdrawal of all BTC funds and 10,000 NBT:

30.35 BTC to FLOT multisig address 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe; tx ID 019e9bf9e4bd93444192a3a31326af75c43c63719f589d81d4f61f9142ff0e67

10,000 NBT to FLOT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js; tx ID 5cf7ccc3f856a4ccf786c1ad1bb95fddd79131c66bf37194944f21486a7b5809

8,354 NBT wait for the reset of the withdrawal limit to be withdrawn.

The gateway operation ended on day 6 after the grace period was over.
Based on a daily fee of 15 NBT

[Passed] motion to permit dual side NuBot on Poloniex

a fee of daily 15 NBT applies

I’ll create a grant for 90 NBT.

I could have taken the fee from the account funds in compliance with the motion, but as I need a new liquidity broadcast address in a few weeks anyway (my current one is soon 6 months old), making a grant seems to be the clean way.