Which is a good idea.
Nu continuously needs to track costs and strive for more efficiency.
Accounting is still one of the rather blind spots of Nu.
I hope that the liquidity costs are reduced by that time. This hope is based on fixed cost compensation being tested, ALP integration in NuBot is being prepared, the parametric order book is almost here - just to name a few major improvements that help reducing liquidity costs.
Nu will soon pay less money for the liquidity that has a small offset and some more money for liquidity with some more offset. The peg will be safe, arbitrage risk for LPs is reduced, the liquidity costs will decline.
Add competition for the fixed cost compensation to the equation and you have Nu’s liquidity situation in a way better shape than it is now.
After that has been accomplished it’ time to get seeded auctions running to tie tier 6 down to tier 1 to 3.
There’s a lot of work to do, but all is moving in the right direction.
NuLagoon will be one of the competitors for liquidity compensation soon, which I consider more fair than just cutting down costs by reducing compensation for sell side liquidity at NuLagoon…
If NuLagoon works efficient enough - in relation to the market - everything is fine.
If not, it will have a hard time, but by more efficient market participants and not by a business partner which dictates new conditions.