ProblemAt the moment margin call fees are only present with the MSSR. The margin call doesn't pay any market fees, like regular selling on the bitAsset market.
The MSSR is a penalty, which does only benefit the buyer of the debt and not the BitShares ecosystem.
SolutionIntroducing a 0.2% margin call fee for everyone and reducing the MSSR by 0.2% results in a effective fee of
0%.
Referral SystemIncluding the margin call fee in the referral system does mostly support third parties or LTM and not the BTS price/demand in the first place.
On the other side everyone should be equal on the margin call side.
To increase the house edge from 20% significant (
@xeroc), without sabotage the referral system, we need to take here 100% to burn BTS.
Everything else does not have a real impact or makes much sense.
Steps for integration (bitCNY)
Stage | MSSR | MC-fee | Penalty |
0 | 1.01 | 0% | 1% |
1 | 1.009 | 0.1% | 1% |
2 | 1.008 | 0.2% | 1% |
Steps for integration (bitUSD)
Stage | MSSR | MC-fee | Penalty |
0 | 1.02 | 0% | 2% |
1 | 1.019 | 0.1% | 2% |
2 | 1.018 | 0.2% | 2% |
ConclusionNot having a reasonable fee for margin call to burn BTS, is one of the biggest leak for BitShares ecosystem and should be changed as fast as possible.
Reducing MSSR and increasing MC-fee by the same amount has a neutral effect on the debt penalty.
Sourceshttps://github.com/bitshares/bsips/issues/164