Author Topic: first expiration and then Forced to cover BUG!!!!  (Read 4352 times)

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Offline sudo

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a short is both expired and margin called, it will be treated as expired only.
it's dangerous
margin called ,margin is not enough
when price continue to down,system failure risk maybe happen

Offline sudo

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but  when Expired shorts turn to margin called shorts,it didn't move  from  call price to 110%
Not sure it is supposed to ... @pc @bytemaster
Should an expired short be called?

all orders  should  be  treated under the same standard &rules

now  bitUSD is more expensive than USD
0 interest short orders Expired serveral  months (about 50k bitUSD)

now  call price orders is safe  a little of them is covered


Offline svk

Expired shorts cover at call price, margin called shorts cover at 110%
yes

but  when Expired shorts turn to margin called shorts,it didn't move  from  call price to 110%

OK I understand, but do keep in mind that what you see in the web wallet may not exactly correspond to what happens on the blockchain. Currently the expired shorts take precedence over margin called shorts in the web wallet, meaning if a short is both expired and margin called, it will be treated as expired only.

I actually asked for clarification on this quite some time ago but never got an answer:

https://bitsharestalk.org/index.php/topic,15668.msg201803.html#msg201803
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Offline xeroc

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but  when Expired shorts turn to margin called shorts,it didn't move  from  call price to 110%
Not sure it is supposed to ... @pc @bytemaster
Should an expired short be called?

Offline sudo

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Expired shorts cover at call price, margin called shorts cover at 110%
yes

but  when Expired shorts turn to margin called shorts,it didn't move  from  call price to 110%

Offline svk

I don't get it, what's the bug?

Expired shorts cover at call price, margin called shorts cover at 110%
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Offline sudo

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call price 210.xxx  > margin call orders(expiration  )
still at  call price 210.xxx  not  110% call price
big bug