SQP to 1000 i think doesn't work. Forced margin call may never trigger. It would require buying at or beyond the feed/settlement.
I'm not sure I understand what the hoped for result is of moving from 1100 to 1030. In a market that doesn't want them at a 10% discount, surely doesn't want them at only a 3% discount. The closer SQP gets to 0% the more risk your taking of an ultimately under collateralized position. This was the purpose of SQP being initially set at 1500 or 50%, because surely someone will always trade for a 50% discount to settle out the margin call. (it has issues though as we've discussed)
I would be curious to see what happens though setting to 3%. If traders are truly trading around the SQP limits or if 10% off settlement is just the risk priced market rate .
I just had a thought, ... First, what If SQP was only triggered if feed falls below call limit, but the SQP percentage was base on how far the feed is beyond the call limit. With feed at the call limit, SQP could be 0%. With feed at 10% beyond the call limit, SQP could scale to 10% also. So the further beyond the call limit the feed gets, the more urgent it is to settle the margin call.
another random thought, Could we allow for under collateralized positions have the market continue and either wait/hope the price returns to where it can be collateralized and settled or if it was never going to happen you might authorize a worker to fund whatever was needed to settle the missing collateral. (i havn't thought about this at all just random)
I'm a little tired though, so I hope these made sense , and not too random.