Hey @bitcrab ,
Thanks for your input, I was also going to ask you what paremeters you thought were appropriate, given you have experience creating and runnnig a few smartcoins.
I agree that we need encourage shorters, in my opinion we should have something similar to TCNY :
"force_settlement_offset_percent": 0 ~ 1%,
"maximum_force_settlement_volume": 2%,
Now, I wanted to ask you @bitcrab, if as a Committee member you could create and put up the worker proposal?, we can create a different forum thread explaining the proposal so that it can be linked to the worker.
We will provide all the votes from argentinian members and I dont think we would have much resistence from other voters since the fees for creatig the asset will go back to the network.
Nota: @rnglab Gracias por tu bienvenida amigo, creo que Argentina se merece una smartcoin, un abrazo!
I just discussed with some committee members, currently no problem, just need some more time to get opinion from enough members and coordinate on how to do it.
"force_settlement_offset_percent": 0 ~ 1% need to determine 0 or 1%.
as a shorter of CNY, my debt position has been force settled for several times, but step by step I found this is not a big issue, in almost all the times I can hedge the risk by operate in negative direction in ex-markets. for TCNY, up to now no real force settlement happens, in other words, this liquidity-making method is not used for TCNY.
so I suggest to check whether there is BTS/ARS ex-market with enough depth for shorters to easily hedge risk, if no then 1% should be better than 0. if yes 0 should be better.
We dont really have another market for Ars and we want to promote shorters so that we can have some liquidity: this said, I think its best to set it at 1%
I talked to @elmato and he agrees too.
Thanks for helping us with this @bitcrab, we are all very greatful
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