NSR auctioned: 1 million Expected auction proceeds to be burned: 2000 NBT Highest price: 0.002 per NSR Lowest price: 0.002 per NSR Total NSR bid for: 3 million
If you bid 0.002 or more, you will be contacted to arrange settlement, which must be completed no later than Monday UTC.
Buy side liquidity is 39420 and sell side liquidity is 39688. Because the buy side is smaller than the sell side, an additional auction will be held next week. According to the rules specified in the motion to make the auction size adjustable, 667,000 NSR will be auctioned with bids due next Friday UTC.
I understand that, but if an auction is not held I am open to the charge of violating a shareholder motion, and I wouldn’t want anyone to say I didn’t play by the rules. Perhaps this next week will be the last auction for an extended period. 667,000 additional NuShares per week works out to an annualized rate of dilution of only 4.08%. It is very modest.
The timing of taking the data from liquidity info bot appeared to be a temporary anomaly and certainly didn’t reflect the trend. It becomes clear that indicators like this needs averages over a period (e.g. a day) instead of just one sample. Or even better trending data.
Agree damage is minimal though, relatively cheap lesson learnt I would say.
I don’t think that word means what you think it means.
It’s pretty hard to interpret the motion to make sizes adjustable to read “if interest rates are zero for all durations and 50% or more liquidity is on the buy walls during the 6 seconds per week I care to look, NSR auctions will cease immediately.”
The way I read it, it says if interest is zero and 50% or more is on buy walls, the auction ceases. Interest rates are zero, there’s 50% or more on buy walls, the auction should cease.
I will even accept that you did not have time to cease the auctions this week and will let it slide. If you continue the auction next week, you have violated a shareholder voted motion in my mind by selling from reserve outside of mandated action. Again, only in my mind, so if that doesn’t hold weight to you, you are free to ignore it.
Over 10 btc sold aggressively on poloniex (the auction was ~8). It seemed like they were simultaneously pushing down poloniex and bter (sell orders with little spread, so not the normal arbitrage). That means they’re market aware, pointing to someone who knew about the auction. Then they placed a bunch of ~80k nsr orders totalling another 10 btc. Best guess I can say is one person won both auctions and sold at once, but that seems like a dumb financial choice, as most of this happened at slightly below the auction price.
I think a recent forum update has made some changes to the discourse api that the assistant plugs into. I’m seeing errors that I’ve not see before.
I’ll take a look at this later and get it working again. Sorry for the inconvenience.
NSR auctioned: 667,000 Expected auction proceeds to be burned: 1333 NBT Highest price: 0.002 per NSR Lowest price: 0.002 per NSR Total NSR bid for: 1.67 million
If you bid 0.002, you will be contacted to arrange settlement, which must be completed no later than Monday UTC.
Buy side liquidity is 38058 and sell side liquidity is 36978. Because the buy side is larger than the sell side and park rates are zero, no further auctions are planned. They will only be resumed in the event that park rates and liquidity meet the conditions specified in the passed motion above.
