With the buy wall at 11,000 and the sell wall at 61,000 I’m quite surprised to see rates being dropped over the last 24 hours. It is clear to me the costs and risks of lowering rates are at least 100 times greater than the risks and costs of raising rates right now. I

can’t see why there is any controversy in the matter.

I have around 50,000 in funds besides NuBits, and that is just enough

to meet my obligations to contributors over the next month. So I won’t

be offering any of that for liquidity.

The NuLagoon has some buy side liquidity that does not display in the client, but my guess is that it isn’t very much. @KTm may also have some, but again I don’t think it is much.

When the percent of buy side liquidity drops below some threshold,

which could be argued to be between 25% and 40%, shareholders should

always vote for higher rates, in the absence of any clear indication

that the liquidity figures are wrong.

If rates remain being offered for any significant period of time, it is a sign that NSR should be sold and NuBits burned.

Edit: right now, rates are only being offered for 3 months. A

protocol flaw that is on our roadmap to fix makes it so that when rates

are offered for a single duration rates will only be offered for that

exact block duration. So right now, our rates are 2.5% for 131072

blocks, but 0% for all other block durations. The parking UI doesn’t

allow for a precise block duration selection, so shareholders should

never vote for a single duration. You must vote for at least two

adjacent durations to offer interest rates that are functionally above

0%.

Update: I’m shocked to see functional rates still at 0% and the token lone rate at exactly 131072 blocks still declining. If you wish to break the peg, then you should offer 0% interest rates when buy side liquidity is low and declining. That is exactly what is happening. Anyone want to state why you are doing this? It doesn’t make any sense. If you aren’t going to watch the liquidity figures displayed right in your client then you need to subscribe to a data feed that will automatically configure your vote