Show Posts
436
General Discussion / Re: Hello 👋
« on: March 25, 2020, 11:55:38 pm »
https://cdn.bytom.io/res/MOV-Stable-EN.pdf
I went through your team's paper. So it seems like you will try to achieve a targeted price by fee charge that will be determined by both your models and the price feed. The fees charged will be the interest rate provided to the pegged asset holders. Its almost acting like a federal reserve that tries to influence the federal funds rate, but without the ability to buy and sell reserves.
Correct me if I'm correct?
This would have a real lag problem.
Bonds also can deviate tremendous from their underlying assets they cover because of the lack of liquidity in the system. Not sure how you solve that end of the problem.
Take part of it out, then use on bitasset.
Even have a little lag problem, we didn't need to copy all of it.
You should find there have two methods to adjust the liquidity from supply-side in 2.4, we seems didn't need to use all of these, we just use the Bonds to handle the bad debts.
If the market can develop and have income sustainable, the liquidity will recover very quickly as the market environment become good and the Bonds will be bought back slowly.
Yes, the bonds also can deviate tremendous, the best result is ZERO, every bitasset market have different situation, then the time that buy back all the Bonds will be very different.
We must clear one point: The Bonds just a method, with it, the bad debt can be handled more quickly, if didn't have it, this will become very slowly.
The "liquidity" of stable coin market come from the confidence of the market.
if using the global settlement to crash all the debtors, then the confidence and liquidity will lost very quickly, no one want to come in again.
We have eight bitassets were global settlement, the truth is cruel.
if using the BSIP71 or lock the feed price, the devalue of bitasset will become very seriously, the market will lost confidence very quickly too, and will harm the benifit of the holder of bitasset, they will leave very quickly.
We knew the situation now.
if we use an account or a pool to take charge of the bad debts, the income and the Bonds of this bitasset market will slowly cover the bad debts, didn't need the global settlement and the BSIP71 or lock the feed price, if the holders of bitassets believe and be sure the market will become good, he should buy the Bonds.
