As has previously been mentioned by Nagalim, I would like to draw attention to the possibilities offered for growing your funds by providing Liquidity for the Nu network.
I've made a post detailing what is involved here
https://bitcointalksearch.org/topic/ahead-to-nu-worlds-liquidity-provision-for-fun-and-profit-9-monthly-return-1065799 and it has received some very positive feedback.
The idea is simple. You put BTC (or other funds) on an exchange and allow our software to place orders on your behalf. These orders will be placed on a NuBit pair with the aim of creating large walls just above and below the $1 value to help maintain the NuBit $1 peg. The software you run sends confirmation of the placed order to our server which then compensates you accordingly, depending on the amount you rhave provided.
The current rate of return on
NuPool is
0.3% per day,
9% per month. This compensation comes without you having to provide your funds to us at all. Your funds remain under your control on your exchange account and are accessible at any time.
There are some risks involved in providing liquidity to Nu in this way:
1) The exchange the orders are being placed on could default.
2) As the funds are being used to make the market, there is a risk that other traders could successfully hedge againt your funds. The rate of return is, in my experience, more than adequate to cover this loss and still return a healthy profit.
When Nagalim posted about this before, a reply stated that it was too complicated. In reality it is very very straightforward. No knowledge of the system behind the operation is required, simply run a script (it's Python so pretty easy to set up -
instructions) and watch the funds arrive in your NuBit wallet.
If even the thought of running a Python script puts you off, I have created a nice
Graphical UI client which can help get you set up. It has a nice installer for Windows so all the headache is taken away.
I like to think that liquidity pools such as NuPool, and the
other pools that are emerging from Nu, nicely fill the gap between gambling sites and faucets.
They offer much lower risk than gambling and much higher rates of return than faucets.
I hope I've inspired some of you to investigate what we are doing with Liquidity Pools and to give it a go.
If you have any questions please contact me here or on the
NuBits forum (I post as woolly_sammoth)