So whats next? slowly SC is drained from waves with

Question

So whats next? slowly SC is drained from waves with

low usdn to waves fee as right now selling waves is easiest way to do sc arb, maybe we should introduce usdn to waves liquid fee which increases the closer br to 1 is (@ <= 100% BR fee is 2%)? If BR over 1,7 fee could be 0.5% as it is now?

#cryptocurrency #english #neutrino

0

11.04.2022

4 ответов

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Jan

Well it has to be seen whether the whale will pump waves again as we have seen in the previous period since all eyes are on him now. He cannot hide it either since the 300k NSBT wallet has it's NSBT locked for 4 years and setting up another wallet is very expensive. The point that I want to make here is that the whale accounted for 90%+ of the NSBT revenues in the past period. Those days might be over now so lowering the fee will only tank the NSBT rewards even further, also taking down the NSBT price. The whale was capable of locking waves % from 49% to like 58% in a matter of two/three weeks and with the new rules even with favorable arbitrage conditions we are only very slowly declining from 58% locked to 57%. So there is simply too little swap power in the market to sustain the whale swapping volume. Therefore, from revenue perspective we could argue to increase the 2% instead of lowering it

0

11.04.2022

Pepe 🧩🦅 l 🅾️🇳🇱 l ☠️D&T💸

Jan
Well it has to be seen whether the whale will pump...

In terms of nsbt value (and revenues), we are just getting started I guess. More functionality and revenues have already been hinted at

0

11.04.2022

Aleksandr Beloussov Автор вопроса

Jan
Well it has to be seen whether the whale will pump...

dunno where u get 90% revenues as fee revenue is distributed equally between all gnsbt holders based on gnsbt share, meaning that 300k gnsbt receiving back bout 1/7 of the fees collected. Right now usdn to waves is 0.5% fee which means if usdt(c) to usdn ratio will sustain at 1,005+ higher value it is always fastest way to arbitrage via selling waves increasing its sale pressure. And such sale is very good for big whale as he can grab all the cheap waves. If we do not allow for the arbitrage to happen in case of increased usdn to waves fees, smaller nsbt holders won't be arbing via selling their waves which is why close to BR 1 ratio fees needs to be higher than possible usdt(c) to usdn ratio.

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11.04.2022

julia · Accepted Answer

julia

Hi, Aleksander, I’ll pass your idea to the team, thank you =)

0

11.04.2022

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So whats next? slowly SC is drained from waves with

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