Motion RIPEMD160 hash: b5e709a59226b979e4cb59e6d3a3e06b506e3761

Hello everyone,

I would like to propose to create and manage the first private funded liquidity group pool: The Nu Lagoon. The Nu Lagoon will contain multiple pools. Different pool has different expected return rate and different risk. It will up to participants to participate which pool. Following are the details.

Pool A:

Participants

Pool A will accept deposit in BTC and NBT. The BTC deposit address is: **xxxxx**, and NBT deposit address is: **yyyyy**. Deposit transactions will be published. The send-from address of every deposit transaction will be the address to receive fund withdraw in future. Deposit less than **1000NBT** or **4BTC** will be rejected and will be returned to the send-from address (the transaction fee will be subtracted). To submit fund withdraw order, participant send **0.0001BTC** or **0.01NBT** from the same send-from address of the deposit transaction to the pool’s deposit address. Deposit transactions and withdraw orders sent before **10:00AM GMT every Friday** will be effect that Friday. Transactions and orders sent afterward will be effect next Friday. The number of shares of participants will be: **Amount of NBT deposit / NAV in effective day** or **Amount of BTC deposit * BTC price at 10:00am in effective day / NAV in effective day**. The asset of participants will be **The number of shares * NAV** If participants withdraw fund, they will get **The number of shares * NAV** in NBT or **The number of shares * NAV / BTC price** in BTC.

Manager

The manager will process deposit transactions and withdraw orders, and report the status of the pool once after 10:00am GMT every Friday. Every Friday is an accounting day. The manager will place about **10% - 20%** of fund in tier1 and tier2 on up to 2 exchanges, and run the nubots to let Nubits trade at $1 +- exchange fee rate. About **80% - 90%** fund will stay at local wallet. If buy side or sell side of fund in tier1 and tier2 has less than **25%**, the manager will manually balance it by transfer fund between tier2 and tier 3 once every working day. If either NBT or BTC in tier3 is not enough for the need of balance or withdraw, the manager will convert fund from other LPC and exchange. The manager will submit a custodian fee grant request **once every month**. Nu shareholders promise to pass the fee grant in 10 days. The custodian fee granted will be added into Holding of NBT and subtracted from Custodian Fee wait to be granted The manager reserves the right to optimize the operation of the pool when situation changed, for example the Nubot evolved.

Fee and Calculation

When the pool begin operate, I will propose a motion to let Nu shareholders approve the daily custodian fee rate of 0.34%. 0.07% will be manage fee rate, 0.27% will be participant expected return rate. When the total liquidity in buy side of Nu network is greater than 110% of the total liquidity in sell side for 7 consecutive days, the daily custodian fee rate will be decreased by 10% at next accounting period, and the manage fee rate and participant expected return rate will be decreased accordingly. When the total liquidity in buy side of Nu network is not greater than 90 of the total liquidity in sell side for 7 consecutive days, the daily custodian fee rate will be increased by 10% until it reaches 0.34%, the maximum of daily custodian fee rate, at next accounting period. NAV of the pool will be calculated in the following formulas:

Total asset = Holding of NBT + Holding of BTC * BTC price at 10:00 AM - Total asset in previous accounting day * manage fee rate

Custodian Fee wait to be granted = Custodian Fee to be granted in previous accounting day + Total Asset * custodian fee rate * days

NAV = (total asset + custodian fee wait to be granted) / total number of shares

Pool B:

Pool B will be operate almost in the same way as pool A except:

The BTC and NBT deposit address will be 2 of 3 multisig address and be protected by 3 operators. The custodian fee split will be different. The manager fee rate will be greater than 0.07%, and the participants expected return rate will be less than 0.27%.

I am looking for sig partners to work with me to run the pool B. Substantial Nu shareholders or community members with a reputation, if you are interested please contact me. Thank you.

The Motion Content:

I finalize the motion as follow. It is not necessary to include all the pool terms. Pool A will immediately begin operation after this motion passed. Pool B will not affect anything shareholders approved in this motion.

Motion RIPEMD160 hash: b5e709a59226b979e4cb59e6d3a3e06b506e3761

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Motion to approve the operation of the Nu Lagoon



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 2 exchanges, and report the status of the pool at least once a month.

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.

Nu shareholders approve the daily custodian fee rate is 0.34%. When the total liquidity in buy side of Nu network is greater than 110% of the total liquidity in sell side for 7 consecutive days, the daily custodian fee rate will be decreased by 10% at next accounting period.

When the total liquidity in buy side of Nu network is not greater than 90% of the total liquidity in sell side for 7 consecutive days, the daily custodian fee rate will be increased by 10% until it reaches 0.34%, the maximum of daily custodian fee rate, at next accounting period.

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 times BTC price at 10:00 AM GMT accounting day - Total asset in previous accounting day times manage fee rate.

Custodian Fee wait to be granted = Custodian Fee wait to be granted in previous accounting day + Total Asset times Custodian fee rate times Days between previous and this accounting day.



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Verify. Use everything between and including the <motionhash></motionhash> tags.

Thank you for your comments and suggestions for amending the motion.

henry