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General Discussion / Re: Internalizing the Hero
« on: July 14, 2018, 01:57:57 am »
If witnesses are already providing bitUSD fees then HERO feeds cost almost nothing. It doesn't depend on any other data. Providing feeds should not be considered an endorsement of or commitment to support any third party's secondary plans for the token beyond the features of the bitAsset protocol.
However, the current health of the HERO bitAsset is questionable and if the witnesses are given control of the feeds I think they should gradually increase the MSSR percentage also. Since HERO is scheduled to appreciate, it consistently trades at a premium which often exceeds the MSSR, resulting in under-collateralized positions and a risk of failure.
However, the current health of the HERO bitAsset is questionable and if the witnesses are given control of the feeds I think they should gradually increase the MSSR percentage also. Since HERO is scheduled to appreciate, it consistently trades at a premium which often exceeds the MSSR, resulting in under-collateralized positions and a risk of failure.