[Passed] NuPond Term 11

[Cybnate]

just cause it’s 100% APR?

You tricked me with it, so it is the perception what counts here.

at the current minute I’ve only got $1,600 on the books and am therefore offering something like 180% APR

Or is it more than perception?

I suppose we need a better model to compare the costs. It is not transparent for outsiders as I even have a hard time to compare this It requires complex spreadsheets and most data is missing anyway. This is not going anywhere.
I rest my case, I support this but for different reasons.

[cryptog]

what is the target liquidity?

[Nagalim]

FC doesnt have a target and never has. I really dont think anyone understands the crfc target anyway.

[masterOfDisaster]

My understanding is that the CRFC target only tries to state how much liquidity the compensation should buy.
If the compensation can’t achieve that, you either need to adjust the compensatiin or the expectation.

[Nagalim]

It’s better seen as a lower limit in my opinion. If we dont get at least this much, we’ll start holding back funding. In that way, you can see that decreasing target increases LP, not the other way around.

[huafei]

@Nagalim can you have a check for this?

2016/05/16-15:51:47 ERROR: submit: socket error (111)
2016/05/16-15:51:48 ERROR: submit: socket error (111)
2016/05/16-15:51:49 ERROR: submit: socket error (111)
2016/05/16-15:51:49 ERROR: submit: socket error (111)
2016/05/16-15:51:50 ERROR: submit: socket error (111)

[Nagalim]

Got it, thanks for reporting. ‘Index out of range’.

[huafei]

@Nagalim

NuPond all target is 0 at CNY and BTC pool

Exchanges bter
Monthly interest rates 0.0006000000000000001%
Max ask rate 0.00002 % per day
Max bid rate 0.00002 % per day
Current ask rate 0.00002 % per day
Current bid rate 0.00002 % per day
Ask order target 0 NBT filled of maximum 1000000 NBT ( 0% )
Bid order target 0 NBT filled of maximum 1000000 NBT ( 0% )

[Nagalim]

NuPond operations are down until further notice. I cannot resolve Bter and the log is dropping errors. I’ll do a payout and look into it more later, hopefully after we hear word from Bter.

Bter.com Exchange (btercom)

[nmei]

Bter is up now.

[Nagalim]

Restarted, paid out both pools

[huafei]

for the BTC deposit and withdraw fee as 0.5% but NBT as 1% ,
how can we fix the order of NBT/BTC?

[Nagalim]

Id like to hear others weigh in on this issue, if we can draw some economists from the woodworks.

[Nagalim]

BF46YvCKsppCC8eDD55FKeaWQa6nbK7BUx | 806 NBT

[cryptog]

looks reasonable.

[cryptog]

BF46YvCKsppCC8eDD55FKeaWQa6nbK7BUx | 806 NBT

Sorry for the delay. Voted.

[mhps]

Has nupond been paying in the last week?

[zoro]

yes!
edit: if your balance is above 1 nbt.

[mhps]

I haven’t received payments on May 22 and 25 although balances were reset to zero.

edit: the explorer shows tx for these two payments but the bter account balance didn’t increase. No incomplete tx is shown in the transaction page. @zoro do you also see this?

[Nagalim]

http://blockexplorer.nu/address/BDjdqcmTXjeWFtXCFC6j3GjcbPwBDu4c7k/1/newest

May 22 and May 25th I made 2 payments each from this address.