- Exchange risk is lower on Bter, in my opinion.
- Both pools have a maximum size.
- I am offering a service that in my opinion is better than parking (18% annually and always in control of funds).
- Bter has a higher number of CNY trades than CCEDK has USD trades. This means the potential for trade volume on NBT/CNY for bter is higher than NBT/USD on CCEDK. As the hedging risk is similar (basically 0%), this means you stand to make more spread profit on my pool than Cybnate’s.
- Bter may put CNY up on the buy side. This will further increase the potential for spread profit.
- I don’t believe Cybnate’s high rates will last, and this reward follows a different philosophy whereby I increase the reward over time until my motions have trouble passing. I don’t think I’ll have as hard a time passing this motion in the future, especially if bter does get involved as a provider, so I should be able to increase the rates.
Alternatively,
I don’t think the question is why anyone would put money in this vrs @Cybnate 's pool, as the profitability for both is clear. The question in my mind is who would put money in a NBT/BTC pool when this pool has not reached target? The answer should only be people who think BTC is on the rise (aside from people who don’t trust bter). Anyone who doesn’t think BTC is about to shoot up should probably be putting their NBT in my pool for their own sake.
Basically, what @masterOfDisaster said.
Also, the reason I have such a small reward is because of all the other pools going on this month. If you don’t think my pool will fill, consider this a test run and I will increase my reward in a month to 3%/month. If you trust me not to run with the funds, the worst case scenario here is that we pay a tiny bit more than park rates for some extra exposure.
If you are not voting for this because you don’t trust me anymore, I can’t think of any reasonable way to convince you I won’t break contract to gain 150nbt, other than to point to the potential 20,000 nbt of liquidity.
