When our liquidity operations are 100% conducted by self funded LPCs (or liquidity pools where users provide funds like what @henry is forming), we will be able to say liquidity operations are counterparty risk free, from the perspective of the network.

While what constitutes decentralized liquidity is a matter of degrees, my short term goal is to ensure that no single LPC provides more than 25% of total buy side liquidity, and that there be at least six LPCs providing at least 5,000 NBT in buy support each.

Once liquidity operations become counterparty risk free and decentralized according tho the above definitions, I will unpin this topic. In the meantime, I will periodically articulate our progress toward liquidity operations being counterparty risk free and decentralized.

Here is my present assessment of liquidity operations:

Using the getliquidityinfo RPC with B as the parameter, I can see that currently 21.1% of our liquidity is currently being provided by self funded LPCs where the liquidity operation poses no systemic risk or potential loss to the network.

There are six LPCs currently operating, although two LPCs have trivial funds at work (< 150 NBT). One LPC, @jmiller, provides 47% of all liquidity and more than 90% of all buy side liquidity. Having <5,000 NBT buy side liquidity being provided by all LPCs besides @jmiller is quite hazardous to the peg. @jmiller, @henry and @KTm: will you work together to balance the buy side liquidity among yourselves please?