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General Discussion / Re: how about slowly lowering the bitUSD and bitCNY feed price threshold?
« on: May 14, 2020, 08:17:28 am »Quote
Better start publish price feeds based on the last prices of the DEX.
I like this idea, the feed price can chose the latest price of the DEX, and the newer feed price must be less than or equal the previous feed price，if the latest price of the DEX is highter than the previous feed price，the feed pirce will still be the previous feed price.
Than we can wait the feed pirce close to cex price slowly or the call price of first margin position<=cex price
The first feed price will be the locked price.
And we must set the offset of force settlement to 5% first, en，many of you will didn't understand why？Check the bitasset market，then you will see.
The BSIP76 can't resist shorting attack, the reality had already show the answer, with BSIP76, the price of BTS still can fall from 0.561 to 0.06, even with BAIP2, now the price is 0.13.
"shorting attack" is a very very very normal market behavior, it is not a problem, the real problem is the mechanic defect of bitasset. You can't use the knife to kill youself to stop the market behavior or other laugh at you.
And i suggest to use BAIP4 instead of BAIP2.
The trader want a cooling time when the price collapses，so we can give them one or two hours，but in the most of the time，the feed price should follow the real price.
And it still can resist "shorting attack".
