Motion RIPEMD160 hash: 63da1709b33f8b09c670ea43a15da375eac6a0c5
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The motion of the updated terms between the Nu Lagoon and Nu shareholders
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This motion will become effective after the first NuLagoon accounting day on the day this motion passes, and will nullify motion b5e709a59226b979e4cb59e6d3a3e06b506e3761 and ae07a18b22e20e38d6bf7559e320c1728d7a62dc
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The manager(s) of The Nu Lagoon manage fund provided by pools participants, run the NuBots to support NBT peg at $1 on up to 4 exchanges or pairs, and report the status of the pool at least once a month.
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If buy side or sell side of fund in exchange has less than 25% of total fund in exchange, the manager will balance it by transfer fund between exchange and local wallet once every working day. If either NBT or BTC in local wallet is not enough for the need of balance or withdraw, the manager will convert fund from other LPC and exchange.
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Nu shareholders approve the daily custodian fee rate is 0.34%. The maximum of custodian fee is 5,000 NBT per 30 days.
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The custodian fee will be accumulated in every month. The manager will submit a custodian fee grant request once a month. Nu shareholders promise to pass the custodian fee grant in 10 days. The custodian fee granted will be added to the pool. The Custodian Fee wait to be granted will be calculated as:
Total asset = Holding of NBT + Holding of BTC * BTC price at 10:00 AM GMT accounting day.
Custodian Fee wait to be granted = Custodian Fee wait to be granted in previous accounting day + Total Asset times custodian fee rate times the number of days between previous and this accounting day.
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Verify. Use everything between and including the <motionhash></motionhash> tags.
Edit: replace * with times in the custodian fee formula, because * can’t display rightly.
