[Passed] The Nu Lagoon Custodian Fee Request of Sep 2015

Dear Shareholders:

With the support and help from the community, the Nu Lagoon has successfully operated for another 4 weeks.

As reported in the http://nulagoon.com/data.html , the accumulated Custodian Fee is 1817.454 NBT for Pool A, 2944.413 NBT for Pool C and D till 03 Sep

I would like to request shareholders to grant custodian fee to the pools.

B7Jj1q3CmFQy2RU6L97hEPPw1tG8rNgreC, 4761.87 NBT

Thank you in advance.

The Nu Lagoon manage team

Note: It is Nushareholders’ obligation to pass this grant according to prior shareholder motions : b5e709a59226b979e4cb59e6d3a3e06b506e3761 and ae07a18b22e20e38d6bf7559e320c1728d7a62dc

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Voting and adding to my datafeed soon.

What is the difference between an accumulated Custodian Fee and a grant custodian fee?
More straightforwardly put, how much NBT profit (after custodian grant fee and all other expense) did manage to make the 3 pools?

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As demonstrated in the terms of pools http://nulagoon.com/index.html#TermA, the manage fee is 10/34 of the custodian fee.

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Same thing as the liquidbit pool, accumulated custodian fee can be considered a profit for Nu.

Not really, it’s rather reduced expenses.

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I think nushareholders need to agree with some unified accounting P/L terminology, perhaps passed thru motion.

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After re-study of pools and liquidity, voted.

@henry What would need to happen in the network for you to balance tier 3 funds? If there was a large tier 1 buy, would it get carried over into tier 3 eventually? Because all other tiers are balanced right now except tier 3 which has a sell side that is 4x bigger than the buy.

Where do you find balanced tier layers?

nud getinfo | grep blocks
    "blocks" : 519931,

 nud getliquidityinfo B
    "total" : {
        "buy" : 50551.7536,
        "sell" : 86418.1804
    "tier" : {
        "1" : {
            "buy" : 751.4149,
            "sell" : 6500.0
        "2" : {
            "buy" : 0.9,
            "sell" : 9441.2096
        "3" : {
            "buy" : 6280.7196,
            "sell" : 27711.382

But I have a hard time aligning the layered tier output with the total liquidity…

“unknown”, like currently propagated by all ALPs is missing

Good point, though, that nulagoon is almost entirely sell side liquidity.

This passed .

at last :slight_smile: