[Passed] NuRiver HitBTC Increased Liquidity Payment Due - Update 5FEB2016

[nmei]

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

Custodial Address: B5YxZq3CJdtq3qBRezthKtLybHND4gYzq5
Amount Requested: 198 NBT

HitBTC NuRiver Private NuBot Liquidity Payment

The 30 days has expired for the Increase Liquidity contract on HitBTC.https://discuss.nubits.com/t/passed-increased-hitbtc-liquidity/3207

As per the grant contract: BTdQH5QNHU1EHsbAxfbZfQpk9YRR8EDJfu, the following funds are due for the performance of this service.

Funds due: 198 NBT

Please vote for the passage of this grant.

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

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

I asked the Assistant and will provide the hash when it wakes up.

For those who are into accounting… Due to volatility, I put an extra 135 NBT into this effort in order to maintain the contracted 1K on each side. So, the actual profit is only 65 NBT.

I will not be offering another liquidity grant. I have other irons in the fire.

[cryptog]

voting.

[crypto_coiner]

I will not be offering another liquidity grant. I have other irons in the fire.

how did it go on hitbtc?

HitBTC Increased Liquidity - NuRiver Private
Operator: @nmei
Type: NuBot
Exchange: hitbtc.com
Pair: BTC/NBT
Strategy: Tight Peg
Spread After Fees: 0.5%
Liquidity volume: 2000 NBT
Bid/Ask target volume: 50%
Balancing bid/ask: at least each Wednesday
Balancing goal: each side between 45% and 55% of volume (preferred balancing method: seeded auctions)
Ask/Bid Reward Rate: 0.33%/day (not paid in advance)
Duration: 30 days
Operator Fee: 0 NBT
Initial Motion Grant: 1 NBT
End of term Funds: 198 NBT

–End Grant–

Normally, I’d just throw the funds into one of the other pools, but I keep pushing HitBTC because I want it to grow.

[nmei]

l believe liquidity was up.
My personal volume for the month was: 16841 NBT
My P&L was: -135 from exchange + 199 from grant, so +64 NBT

[crypto_coiner]

I will not be offering another liquidity grant. I have other irons in the fire.

which means concretely?

[Nagalim]

It means he won’t be renewing the grant and he put his money elsewhere. You want him to tell you where he put his money? Where do you keep your money?

[nmei]

LOL

I put some in other ALPs…but not much in Polo or Bittrex…too much risk.
Mostly sitting in Bitfinex and Coinbase.

Also the labor involved - I balanced more than once a week. And for the payout it wasn’t worth it.

Question to the community - I could easily open up a single sided NuBot to be a NBT sell gateway on HitBTC.

Should I do it?

[Nagalim]

Sure, make a cheap offer. Cheapest thing on the table as far as passive liquidity is @Cybnate’s $50/month.

[masterOfDisaster]

I could easily open up a single sided NuBot to be a NBT sell gateway on HitBTC.

Should I do it?

To me this is a no-brainer: Do it!
If you operate it strictly passively, you won’t have much work with it.
Make a motion or a grant for it to be formally elected for that position and have the conditions defined.
A motion could have a passage that makes the FLOT pay you the operator fee. That puts little efforts on FLOT, but saves you and the NSR from repeatedly creating and voting for grants.

[Cybnate]

I asked the Assistant and will provide the hash when it wakes up.

Any chance to hash this here (or add to Daology), then I can add it to my feed without risk

[nmei]

My apologies. It is done.

[crypto_coiner]

Adding this to my voting data feed

[Cybnate]

I just noticed that something is going wrong with the voting here; most of us are voting for: BTdQH5QNHU1EHsbAxfbZfQpk9YRR8EDJfu. Which is incorrect and likely won’t work. This address was the original 1 NBT grant to obtain a liquidity address.

The right address to vote for as per OP is:

Custodial Address: BRM8hfdKJ6gSqStBshtsnq7fQdLAUwzbG2
Amount Requested: 198 NBT

Please update your client and the datafeeds. I’m updating my datafeed right now.

[zoro]

Excellent finding! Then the same NBT address is not working for more than one passed grant?

[masterOfDisaster]

I made that mistake once as well:

[Passed] modPuddle Term 1 back pay for 2015-10-12 to 2015-11-11

Important update

NBT address has been adjusted. Voting can start!

I need to adjust the grant, because I can’t use this NBT address.Explanation:

I just now realized that the same address can’t be used twice for a grant. I used BBZ4h88BwYCyE9q268LoArps6eodq9PDGH already when I started modPuddle to get an address for broadcasting liquidity.

[nmei]

So sorry for the confusion!!!

[zoro]

No worries. We all here are always in the learning process

[nmei]

ALL

@Cybnate @Nagalim @cryptog
Please stop voting for this now. I have just locked myself out of my server. I was messing around with groups.

I have a backup that I am trying to load. But I am not sure that the wallet is up to date with the one provided in the grant.

I will update soon.

Thank you!

[Nagalim]

Sure, you’ve only just started gathering support so no harm no foul.

[nmei]

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

Custodial Address: B5YxZq3CJdtq3qBRezthKtLybHND4gYzq5
Amount Requested: 198 NBT

HitBTC NuRiver Private NuBot Liquidity Payment

The 30 days has expired for the Increase Liquidity contract on HitBTC.https://discuss.nubits.com/t/passed-increased-hitbtc-liquidity/3207

As per the grant contract: BTdQH5QNHU1EHsbAxfbZfQpk9YRR8EDJfu, the following funds are due for the performance of this service.

Funds due: 198 NBT

Please vote for the passage of this grant.

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

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