BTS:bitusd wall

svk · August 13, 2015, 04:00:00 PM

Quote from: Xeldal on August 13, 2015, 02:47:31 PM
If a short is margin called and there are no buyers, and later the price of BTS rises so that the short order is no longer outside the necessary margin. Does the order remain as a margin call order at 10% penalty or does it revert back to its original state?

I asked this question back in April:

Quote from: pc on April 12, 2015, 11:28:18 AM
With the current market engine, it reverts to normal status. I suppose the new engine will behave in the same way.

Xeldal · August 13, 2015, 02:47:31 PM

If a short is margin called and there are no buyers, and later the price of BTS rises so that the short order is no longer outside the necessary margin. Does the order remain as a margin call order at 10% penalty or does it revert back to its original state?

svk · August 13, 2015, 02:36:25 PM

Quote from: mf-tzo on August 13, 2015, 02:29:18 PM
Got it thanks..

Quote from: lafona on August 13, 2015, 02:25:48 PM
If it is margin called shorts, shouldn't it only be a fraction of the massive buy wall? I would expect that the majority of the wall to be expired shorts and thus not subject to the 10% over the peg penalty.

What 10% penalty? I thought we fixed this a long time ago. I think there is no penalty anymore. If you get margin called you repay the debt at the peg and the rest of collateral is returned. Or not?

No only expired shorts are at the feed price, margin called shorts pay 10% penalty.

As you can see from the wall a huge majority of the shorts are actually margin called shorts.

xeroc · August 13, 2015, 02:35:19 PM

Quote from: mf-tzo on August 13, 2015, 02:29:18 PM
What 10% penalty? I thought we fixed this a long time ago. I think there is no penalty anymore. If you get margin called you repay the debt at the peg and the rest of collateral is returned. Or not?

margin calls have to buy up to +%10 above the feed
expired shorts buy AT the feed

mf-tzo · August 13, 2015, 02:29:18 PM

Got it thanks..

Quote from: lafona on August 13, 2015, 02:25:48 PM
If it is margin called shorts, shouldn't it only be a fraction of the massive buy wall? I would expect that the majority of the wall to be expired shorts and thus not subject to the 10% over the peg penalty.

What 10% penalty? I thought we fixed this a long time ago. I think there is no penalty anymore. If you get margin called you repay the debt at the peg and the rest of collateral is returned. Or not?

lafona · August 13, 2015, 02:25:48 PM

If it is margin called shorts, shouldn't it only be a fraction of the massive buy wall? I would expect that the majority of the wall to be expired shorts and thus not subject to the 10% over the peg penalty.

svk · August 13, 2015, 01:23:56 PM

Margin called shorts (I updated Bitsharesblocks in response to an earlier post where we came to the conclusion margin called shorts take priority over expired shorts, the wallet however does not have this update)

xeroc · August 13, 2015, 01:10:39 PM

https://wallet.bitshares.org/#/market/BTS:BitUSD/Guest/buy

@svk ?!

lafona · August 13, 2015, 12:33:08 PM

I think something is going on with the charts for the website. In the gui wallet it looks normal. I would send you a screenshot but it doesnt seem to work, guess I am still a forum noob.

mf-tzo · August 13, 2015, 12:26:29 PM

Can someone please explain since the peg is @ 210 why the expired shorts wall is at 230 and what this means?