below are the settlement relevant parameters of CNY.
"options": {
"feed_lifetime_sec": 21600,
"minimum_feeds": 3,
"force_settlement_delay_sec": 86400,
"force_settlement_offset_percent": 0,
"maximum_force_settlement_volume": 200,
"short_backing_asset": "1.3.0",
"extensions": []
},
in which these 2 need to discuss:
"force_settlement_offset_percent"
"maximum_force_settlement_volume"
current setting for different assets:
USD(also default setting):
"force_settlement_offset_percent": 0%
"maximum_force_settlement_volume": 20%
CNY:
"force_settlement_offset_percent": 0%,
"maximum_force_settlement_volume": 2%,
TCNY:
"force_settlement_offset_percent": 1%,
"maximum_force_settlement_volume": 2%,
when settlement feature firstly comes, we are somehow scared and even had tried to close the settlement feature of CNY, and at last the discussion ended at reducing the force settlement volume from 20% to 2%.
settlement bring liquidity and make bitasset more acceptable, but it discourage/hurt shorters, so this is a problem of balance, I created TCNY as I have thought the settlement launcher need to compensate some price to the shorter, maybe 1% or 2%.
but now I changed my mind a little, seems even 0% compensation is OK, but 20% maximum settlement volume is too high, so I advice to set ARS parameters like this:
"force_settlement_offset_percent": 0%,
"maximum_force_settlement_volume": 2~5%,