Itās good to find such a post, which deals with lessons that can be learned from what we experienced with this BTC price surge.
One obvious lesson (at least obvious to me) is that we need to increase the level of BTC reserves until the volume of USNBT in circulation has increased sharply.
You ask ā30% anyone?ā? Count me in! But I have an idea that might alter the flat percentage rate idea a bit.
All other tasks will be a bit harder than that, but just like increasing the buy side offset buys us time to get NSR sold, increasing the reserve buys us time to work on the other tasks.
Thinking about the introduction of additional pegged products, made me realize that thereās an alternative to keeping 30% in reserve to have an increased buffer.
Iād like to have us think about another parameter next to the ratio of the reserve in relation to the volume of units in circulation:
a floor level, that must always be maintained.
Something like $150,000 in BTC (just a suggestion, of course subject to discussion) that need to be held in reserve, before for all BTC above this are subject to the x% regulation, which doesnāt need to be 30% in this case. Maybe 15% still do?
As long as single actors might use Nu products to hedge tens of thousands of USD value, we need to be able to cope with that.
If my brain works better than when I couldnāt do simple multiplications, this should lead to more agile (=more often ocurring) NSR buybacks and NSR sales, tying the value of Nuās products closer to the value of the shares.
I havenāt thought enough about attack vectors, but my first impression is, that this increases both the trade volume and the stability of the NSR rate, because buybacks and sales are not perceived as so extraordinary as they are now.
