[Passed] Sell side Nubot gateway on Hitbtc @zoro

[Cybnate]

and next can we setup nubot at bter ,Bittrex , CCEDK ?

Will also have a PyBot for Poloniex, Bittrex and CCEDK soon…

Re proposal in OP:
I also wondered whether daily refilling is required on this exchange. I think we need better trade-offs between SAFs and rewards. The close the peg the higher the compensation which is mainly covered by the ALPs. The next layer should have more spread against a medium cost , after that automatic bots filled by FLOT can cover with the widest spread. That should not come at a great cost other than custodians ensuring the bots are running and transferring funds back to FLOT once week or so.

[zoro]

I was thinking to offer something different than a gateway. But this is not a big exchange (yet) thus my proposal seems a bit expensive.
The strange thing is that i feel more “relaxed” when i am risking a small amount of my funds than handling a larger amount of NU’s funds. On the other hand, MoD’s proposal is really tempting (like nmei’s grant) since the operator will have much less work and it is very cheap for NU.
Thus i think i will make a clone of nmei’s grant.

[zoro]

I changed status to “voting”.
But i am still waiting for assistant to hash the grant!

[masterOfDisaster]

I haven’t tried that myself, but you could use https://daology.org/ instead.

[zoro]

I just got the hash!

[cryptog]

Nice initiative but why would we need another sell side nubot on HitBtc (which sees only a weak trade volume) while we are about to get nmei’s sell side nubot on the same exchange?

EDIT: typo

[masterOfDisaster]

why would we need another sell side nubot on HitBtc

Nu should consider supporting more than one NuBot operation per exchange for redundancy (device running NuBot, internet access of that device, operator availability etc.) purposes.
I consider sell side NuBot redundancy less important than dual side NuBots, but not superfluous.

[zoro]

Perhaps we don’t need a second or third sell side nubot in a small exchange. But i have the will to play a redundancy role since i have the time and the servers available.
Moreover, don’t forget that even if a nubot grant is passed, it can be idle for months until a deposit is made by flot

[crypto_coiner]

Adding this to my voting data feed for redundancy sake

[masterOfDisaster]

Perhaps we don’t need a second or third sell side nubot in a small exchange.

That doesn’t hurt if multiple operators don’t charge in total (much) more than a single operator.

The benefits of spreading an amount of funds X accross multiple operators are:

• redundandcy for the liquidity operation
• less risk for funds if a operator goes rogue

Drawbacks are:

• more accounting efforts

[Cybnate]

Just not sure why it needs to be sell side only, but I already made my point in the LiquidBits thread.

Will add this to my datafeed.

[masterOfDisaster]

Just not sure why it needs to be sell side only

This is my reasoning for it:

[Discussion] Liquidity operations - a paradigm shift

One additional benefit of having an army of sell side only operations while only sustaining a few dual side operations:

[Cybnate]

With the dual-side PyBots and NuBots an adequeate spread would be beneficial for Nu. I don’t see why that is a problem. Nu would benefit most of time from high volumes on the dual-side NuBots and PyBots most of the time. The main risk is in the BTC price which may decrease, but single-side bots would be exposed to the same risk.

[cryptog]

BA8di3FFBADAFQmRwEqiAocrkBoMDPBQQu , 1 NBT

sorry for the delay.
added.

[zoro]

It passed.
I will prepare the nubot now.
thanks.

[zoro]

Nubot is ready and in stand by.
Hitbtc NBT address:
B7aognwPiun9eSKZqJ5DkKR9thc6UUgDi1

whenever FLOT deposits NBT in above address, operation begins.

[zoro]

If @nmei is unavailable and MoD is feeling lonely in Hitbtc, i am available and nubot is already operational.

BA8di3FFBADAFQmRwEqiAocrkBoMDPBQQu" : {
“buy” : 0.0,
“sell” : 0.0

My Nubot’s settings are:

“submitliquidity”: true,
“nubitaddress”: “BA8di3FFBADAFQmRwEqiAocrkBoMDPBQQu”,

“wallchangeThreshold”: 0.1,

“bookDisabletier2”: false,

“bookSellwall”: 250.0,
“bookSellOffset”: 0.010,
“bookSellInterval”: 0.005,
“bookSellMaxVolumeCumulative” : 1000,
“bookSellType”: “exp”,
“bookSellSteepness”: “high”,
“priceincrement”: 0.005

[masterOfDisaster]

I’m not that lonely and the operation hasn’t started yet.
But I always like redundancy and spread risk!

Btw. did you disable the buy side in the settings?
You intentionally have only 1% offset, right?

[zoro]

Btw. did you disable the buy side in the settings?

yes

You intentionally have only 1% offset, right?

yes

I am not so sure i am totally needed. Lets hear from nmei first. And lets see how your bot will handle the situation

[masterOfDisaster]

lets see how your bot will handle the situation

…it needs to be funded first - if there’s consensus at FLOT NBT group; at least 3 of 4 signers are required. I won’t sign that tx.