Best Place to Hedge Bitcoin Volatility: 70k fund & 0.1% spread @ NuLagoon.com - page 2.

NuLagoon

member

Activity: 63

Merit: 10

Quote from: randomThrowawayAccount02 on July 20, 2015, 01:52:42 PM

Example: say somebody invests 10 BTC, the reward is 20% per year (to keep it simple, the reward stays constant). After 1 year, this Investor can withdraw 12 BTC - no matter what USD value they have.

Did I understand that right?

Thank you for investing in NuLagoon Pools. You asked a very important question. I am afraid there is a misunderstanding in your example. Let me explain.

US Dollar is the base currency in NuLagoon accounting. That means a 10 BTC deposit will be treated as a 2500 USD deposit (if the BTC price is 250 USD at the accounting day it deposit). One year later, the investment grows to 3000 USD (assuming NAV grows 20%). How much BTCs investor will get in withdrawal depends on the USD price at the accounting day of withdrawal. If the BTC price is 300, investor get 10 BTC, if the price is 200, investor get 15 BTC.

Thank you.

randomThrowawayAccount02

newbie

Activity: 5

Merit: 0

Hi!
NuLagoon looks intriguing.
A background analysis made it seem more likely that this is an honest offer and no scam

Providing liquidity for Nu seems to be well compensated.
I was brave enough to send 8 BTC to Pool C with TX ID 73fdc24277ad25f54126bfb5a62a693579e3a1a867eb2d3e813227f4dd002429

Just to be sure - I think I understood that part (otherwise I wouldn't have sent funds) - but as I didn't found it stated clearly:
Pool C's immunity to BTC volatility means that you get at least your amount of BTC back that you deposited, right?
Depending on the NAV it might be more, but it can't be less.

Example: say somebody invests 10 BTC, the reward is 20% per year (to keep it simple, the reward stays constant). After 1 year, this Investor can withdraw 12 BTC - no matter what USD value they have.

Did I understand that right?

NuLagoon

member

Activity: 63

Merit: 10

Quote from: NuLagoon on July 17, 2015, 06:57:45 AM

The #5 eligible bonus claim.

0.04 BTC bonus will be sent to 1FAaQ4255JrhaXqJmRZCyqsJ1DuXvv3GQD at next accounting day (23 July).

#5 bonus was sent by the following TX:
https://blockchain.info/tx/b86ce1180790d470d03f42d619a81a0645e13e29e9c2ccc29bc37b5b5f2d34ab

NuLagoon

member

Activity: 63

Merit: 10

Based the careful assessment on suggestions from NuLagooners, we are glad to announce several improvements on the operation of the NuLagoon pools.

1. Increase the frequency of accounting to twice a week. Every Monday and every Thursday will be the accounting day. 8:00AM GMT will be the COB (close of business) time.

2. Increase withdraw fee from zero to 1 NBT per NBT withdraw transaction or 0.004 BTC per BTC withdraw transaction. All the withdraw fee will be added to the total asset of the pools, and thus benefit remaining pool users.

3. NuLagoon mange team will do their best to process withdraw orders in time. (in 1 - 3 hours after COB in More than 90% accounting days. in 1 - 2 days after COB in LESS than 10% accounting days)

4. The adjustments listed above will begin effective at next Monday(20 July 2015).

bitsum

sr. member

Activity: 279

Merit: 250

still didnt understand Undecided

its mean i send .0001 to your pool and i got bonus ?

NuLagoon

member

Activity: 63

Merit: 10

Quote from: zoro1 on July 17, 2015, 10:13:35 AM

then only the BTC investments are prone to losses? not the NBT ones?
sorry for all these questions.
thanks

The base currency in Nu Lagoon's accounting is USD. There is no difference of risk and return in terms of which ccy you deposit. So NBT deposit of Pool A and Pool D will subjected to the volatility risk of BTC, just same as BTC deposit.

Quote from: bitsum on July 17, 2015, 02:01:51 PM

how to join this ?

The following is copied from the FAQ section in http://nulagoon.com

How to participate?

Extremely easy. Send BTC or NBT to deposit address listed above. Send 0.0001 BTC or 0.01 NBT to the same address to withdraw funds. Don't send fund from address which is not controlled by you, for example, your exchange account.

bitsum

sr. member

Activity: 279

Merit: 250

how to join this ?

zoro1

hero member

Activity: 812

Merit: 1000

then only the BTC investments are prone to losses? not the NBT ones?
sorry for all these questions.
thanks

NuLagoon

member

Activity: 63

Merit: 10

Quote from: zoro1 on July 16, 2015, 12:15:11 PM

These profits are for real? Shocked

since i see always a profit, what could be the (extreme?) case involving a loss?

Yes. They are real.

To give a very rough estimation, if about half of the fund in the pool is stay on BTC.

For Pool A, the custodian fee earned for a week is about 1.68%. So if BTC price drop over 3.36% in a week, there will be a loss for NAV C.
For Pool C, NAV will never decrease, if no default event occurs.
For Pool D, the size of Pool D is about 2 times of the size of Pool C. the custodian fee pool C and D earned for a week is about 1.68%. If BTC price drop over 3% in a week, there will be a loss for NAV D.

Quote from: godt on July 17, 2015, 06:21:46 AM

Hi, I invested 4btc to the pool D
c2401c136460dc5461f341ddd117b995977aaec660160d3d992b74b026002904

Ty

The #5 eligible bonus claim.

0.04 BTC bonus will be sent to 1FAaQ4255JrhaXqJmRZCyqsJ1DuXvv3GQD at next accounting day (23 July).

godt

member

Activity: 87

Merit: 10

Hi, I invested 4btc to the pool D
c2401c136460dc5461f341ddd117b995977aaec660160d3d992b74b026002904

Ty

zoro1

hero member

Activity: 812

Merit: 1000

These profits are for real? Shocked

since i see always a profit, what could be the (extreme?) case involving a loss?

NuLagoon

member

Activity: 63

Merit: 10

2015-07-16 COB completed.

Pool A 1.25507 +0.03629 (+2.98%) Pool C 1.11597 +0.00504 (+0.45%) Pool D 1.34729 +0.05099 (+3.93%)

http://nulagoon.com/data.html

Congratulations to Pool user: BQuQX8BiXofvLf4Jn7i1iyjQJbV8iPBDaU. He earn more than 1000 NBT profit now.

The interest rate of Pool C rises to 29.282%

The table shows present investors and the profits they earned.

The chart shows past performance of the pools

More info could be found at http://nulagoon.com/

Thank you.

namib

newbie

Activity: 10

Merit: 0

thanks for the bonus, sorry i was late to reply Cheesy

NuLagoon

member

Activity: 63

Merit: 10

Accounting report of Pool A, C and D @ 20150709 was published.

2015-07-09 Pool A 1.21878 +0.0345 (+2.91%) Pool C 1.11093 +0.00461 (+0.42%) Pool D 1.2963 +0.0488 (+3.91%)

http://nulagoon.com/data.html

The annual interest rate of Pool C continue to rise to 26.62% because funds of Pool C and Pool D are unbalanced.

justlurus

newbie

Activity: 58

Merit: 0

thanks you

zoro1

hero member

Activity: 812

Merit: 1000

very nice!

NuLagoon

member

Activity: 63

Merit: 10

New NuLagoon web site goes alive now. You can check the historical performance of Nu Lagoon with the data table and charts now.

http://nulagoon.com

Thank you.

NuLagoon

member

Activity: 63

Merit: 10

Accounting report of Pool A, C and D @ 20150702 was published.

https://github.com/henrynu/NuLagoon/tree/master/Reports/2015-07-02

The annual interest rate of Pool C continue to rise to 24.2% because funds of Pool C and Pool D are unbalanced.

Another 1 Bonus Was Claimed And Sent, Remaining 16 Bonus:

Quote

The #4 eligible bonus claim.

0.05 BTC bonus will be sent to 1Kv8SVYdiNAFuMAF7mY8AGeDaih9WBA2Kw at next accounting day (2 July).

https://blockchain.info/tx/650e943f9ead25c99251c82f13189efae14de7cf40e8d31bcb68f29fa225c548

zoro1

hero member

Activity: 812

Merit: 1000

Quote from: NuLagoon on June 26, 2015, 04:49:59 PM

Quote from: zoro1 on June 26, 2015, 09:12:22 AM

4 BTC to poolD from 1Kv8SVYdiNAFuMAF7mY8AGeDaih9WBA2Kw

https://blockchain.info/tx/3d1551ff64d42735bb366e4dbddf814fd354c5171463a8a2577091acd1a003c2

ty

The #4 eligible bonus claim.

0.05 BTC bonus will be sent to 1Kv8SVYdiNAFuMAF7mY8AGeDaih9WBA2Kw at next accounting day (2 July).

i just got it!
thanks alot!

NuLagoon

member

Activity: 63

Merit: 10

Quote from: zoro1 on June 26, 2015, 09:12:22 AM

4 BTC to poolD from 1Kv8SVYdiNAFuMAF7mY8AGeDaih9WBA2Kw

https://blockchain.info/tx/3d1551ff64d42735bb366e4dbddf814fd354c5171463a8a2577091acd1a003c2

ty

The #4 eligible bonus claim.

0.05 BTC bonus will be sent to 1Kv8SVYdiNAFuMAF7mY8AGeDaih9WBA2Kw at next accounting day (2 July).

Topic: Best Place to Hedge Bitcoin Volatility: 70k fund & 0.1% spread @ NuLagoon.com - page 2. (Read 4290 times)