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Error settling BitBTC

Started by severo, October 16, 2018, 07:17:07 AM

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xeroc


Emadovesky

the same thing happened with me , there is no good reference for such info
hope it will be fixed soon

severo

Thanks, I did not know that there had been a black swan event in BitBTC. Nor that the feed price was not the real one.

The DEX should clearly warn of this type of circumstances, showing the actual status of a Smart Asset. It is not acceptable that the feed price shown causes confusion.

xeroc

Quote from: severo on October 16, 2018, 09:33:16 AM
Thanks for the reply, but I do not understand. The liquidation price set at that time was much better, why was the operation resolved at a lower price?
Price feeds are beeing kept up to date so that in case the collateral covers the debt sufficiently (175%), the bitasset is automatically revived (BSIP18)
However, settlements are against the black swan price (the price at which the asset black swanned! Not the current price feed!

severo

Thanks for the reply, but I do not understand. The liquidation price set at that time was much better, why was the operation resolved at a lower price?

xeroc

bitBTC is in global settlement (black swan), hence you can settle against swan price(!!!!) instantly.

severo

Greetings, I have an error settling 0.11377283 BitBTC.
at 2018-10-15 23:46:36 in the block / 31395459/44
missing translation: en.operation.asset_settle_instant

Very strange. The operation was resolved instantly, instead of 24 hours, and for a price much lower than that marked by the witness. What has happened?