What's going to happen to 'expired' short positions with 2.0 migration?

[xeroc]

Anybody has an idea of what may happen just after the release of 2.0 with the less collateralised shorts ?

Is that possible that lots of BitUSD owers wants to settle and force the less collateralised shorts to cover ??

It doesn't make a lot of sense because they can settle right now 10% higher of the price feed but a confirmation would be nice.

in bts2, if a holder of bitUSD wants, to settle, as many shorts will be margin called as required forcing them to sell their collateral at the price fee .. I don't see an issue here .. or are there shorts that have less than 100% collateral?

[EstefanTT]

Anybody has an idea of what may happen just after the release of 2.0 with the less collateralised shorts ?

Is that possible that lots of BitUSD owers wants to settle and force the less collateralised shorts to cover ??

It doesn't make a lot of sense because they can settle right now 10% higher of the price feed but a confirmation would be nice.

[cylonmaker2053]

There will not be any expiration of shorts .. there will only be margin calls and settlements (at the price feed) ..
also, you will be able to directly get into bitUSD from BTS by "borrowing" them from the network with collateral .. no need to "roll over" .. no need to quickly buy your own short ..

what about positions that are undercollateralized to repay the bitUSD amounts required to unwind?

excellent to hear the change in 2.0 ...the bitUSD market has been horrible the last few months.

[xeroc]

From
https://bitshares.org/technology/price-stable-cryptocurrencies/#introducing-smartcoins

    Anyone with BitUSD can settle their position within an hour at the feed price.
    The least collateralized short positions are used to settle the position.
    The price feed is the median of many sources that are updated at least once per hour.
    Short positions never expire, except by hitting the maintenance collateral limit, or being force-settled as the least collateralized at the time of forced settlement (see point 2).
    In the event that the least-collateralized short position lacks enough collateral to cover at the price feed, then all BitUSD positions are automatically force settled at the price of the least collateralized short.

[xeroc]

There will not be any expiration of shorts .. there will only be margin calls and settlements (at the price feed) ..
also, you will be able to directly get into bitUSD from BTS by "borrowing" them from the network with collateral .. no need to "roll over" .. no need to quickly buy your own short ..

[cylonmaker2053]

Does anyone know how expired shorts are going to be treated in the 2.0 migration? Will positions be unwound at the peg price? Some markets have completely disintegrated, like bitGOLD, where there's only one ridiculous open sell order. The best I can do with short positions nearing expiration is to roll them over myself, but if 2.0 is going to simply unwind the positions at the price peg, then that's unnecessary and I might as well let them expire.