Given the discussion in the last few weeks about liquidity provision and costs I had to rethink this a couple of times. The result of that is what I think a great deal for the Shareholders which balances the costs of liquidity versus the benefits of still having fiat gateways available on both the NBT/EUR and NBT/USD pairs while maintaining minor support on the NBT/BTC pair on CCEDK
The cost for the next 60 days minus the roll-over is just NBT 299 !
I can offer this because of the Dutch auction model in the current ALP software and the changes below to further reduce the costs. The current software have proven reasonable stable with just 2 unexpected outages in the 60 day period. I’m therefore comfortable to continue running this software until the ALPv2 has proven its workings and stability.
Changes made since term 6
Reduced maximum from 5000 NBT to 2500 NBT on both sides of NBT/USD pair
Reduced maximum from 1000 NBT to 500 NBT on both sides of NBT/BTC pair
Reduced payout from 0.18% to 0.17% for NBT/USD pair
Reduced payout from 0.20% to 0.19% for NBT/EUR pair
You can find the full proposal including the calculations here: https://daology.org/proposals/8bbc95f76e5942018daa4b811b19308ed424c7b0
This is still a draft so please wait with adding it to your client or datafeed as changes may occur based on feedback received or other developments in the next week or so.
*Edit: Version two of this proposal has been published here:
https://daology.org/proposals/f6349c0339f210f4a26a91acc10b085a03640a9b. See thread below for tracking of changes.