Author Topic: Adding Collateral to Shorts?  (Read 3293 times)

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Offline Methodise

I might be wrong, according to everything I don't understand about this:

"The Second attempt (prior to 0.4.20) has shorts bid up collateral, but
this provides less and less benefit to the network as prices go higher... i.e.:
10x collateral only provides 5% more downward protection than 5x collateral."

Is that right? I'm thinking in terms of forced cover cascades of manipulative origin.

http://wiki.bitshares.org/index.php/BitShares/Short
BTS: methodise

Offline Methodise

Every bull should volunteer additional capital to their shorts. They're ridiculously cheap, after all.

I reckon deleveraging results in them being harder systemic meal for whale sharks. Suggest that there are some GUI-defaults dictating too much in the way of market dynamics atm.

BTS: methodise

clout

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We miss you indeed! How are your Delegates doing?

I went on vacation and there were way too many updates so my delegates went on vacation also. I'm waiting till the next major update to get my delegates running again.

Offline vikram

I think this still not work at version 0.4.16-rc1?

Yes it has not been tested yet; I will post back in this thread when it is fixed.

https://github.com/BitShares/bitshares_toolkit/issues/768

Offline CLains

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We miss you indeed! How are your Delegates doing?

Offline tonyk

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You're not supposed to add collateral to cover orders you are supposed to buy the bitasset and cover your position. This effectively reduces your margin requirement, which is what your trying to do by adding collateral in btsx. I didn't get it at first but I think its better if short positions have to pay off their debt as opposed to adding more btsx as collateral.

Hmm...
Where have you been as of late,btw? We miss you around here.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

clout

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You're not supposed to add collateral to cover orders you are supposed to buy the bitasset and cover your position. This effectively reduces your margin requirement, which is what your trying to do by adding collateral in btsx. I didn't get it at first but I think its better if short positions have to pay off their debt as opposed to adding more btsx as collateral.

Offline alt

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I think this still not work at version 0.4.16-rc1?

Offline vikram

Adding collateral is not officially supported yet (thus not exposed in the GUI). I will try to get this working for 0.4.15.

Offline xeroc

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I have a feeling you are not using the most recent verison 0.4.14!

Offline joele

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wallet_market_order_list USD BTSX

After the command "wallet_market_order_list USD BTSX" copied and pasted the Order Id, I'm getting this error with command
wallet_market_add_collateral bytes 2ca7bd713ce246fe27c9f591fc5ecf945574e6f3 10


20011 unknown_market_order: unknown market order
Cannot find that market order!
    {}
    bitshares  wallet.cpp:4839 bts::wallet::wallet::add_collateral

    {"from_account_name":"bytes","short_id":"2ca7bd713ce246fe27c9f591fc5ecf945574e6f3","collateral_to_add":10,"sign":true}
    bitshares  wallet.cpp:4876 bts::wallet::wallet::add_collateral

    {}
    bitshares  common_api_client.cpp:1491 bts::rpc_stubs::common_api_client::wallet_market_add_collateral

    {"command":"wallet_market_add_collateral"}
    bitshares  cli.cpp:537 bts::cli::detail::cli_impl::execute_command

Offline xeroc

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wallet_market_order_list USD BTSX

Offline joele

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Is there a new update to add collateral to short?
wallet_market_add_collateral
Code: [Select]
wallet_market_add_collateral <from_account_name> <short_id> <collateral_to_add>                       Add collateral to a short position

console-only atm

Thanks xeroc,
Is there an easy way to find the <short_id> without digging the transaction history?

Offline xeroc

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Is there a new update to add collateral to short?
wallet_market_add_collateral
Code: [Select]
wallet_market_add_collateral <from_account_name> <short_id> <collateral_to_add>                       Add collateral to a short position

console-only atm

Offline joele

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Is there a new update to add collateral to short?