Main > General Discussion
suggestion on bitCNY rules update after BSIP42
bitcrab:
so in short term, seems what we can do is just to continue reducing MSSR.
how about reduce MSSR from 1.05 to 1.02 after some days?
bitcrab:
--- Quote from: oxarbitrage on December 29, 2018, 04:21:03 pm ---In order to do B we need https://github.com/bitshares/bitshares-core/pull/1324 and hardfork or unintended margin calls will be(or not) triggered.
--- End quote ---
got it, thanks.
oxarbitrage:
--- Quote from: bitcrab on December 29, 2018, 04:11:03 pm ---now 3&4 have been done.
the committee has changed the force settlement offset of bitCNY from 5% to 2%, this will ensure that the possible discount of bitCNY will be less than 2%.
BSIP41 has been implemented, MSSR of bitCNY has been changed from 1.1 to 1.05.
the community suffer shortage of bitCNY for long time, to realize 1&2 it will also cost much time to reach consensus, create specification and do the implementation.
I am considering to draft 2 BSIPs that need not hard fork, just need witnesses to adapt their feeding script, but can get the purpose of 1&2.
BSIP A: request witnesses to ensure the feed price be higher than the global settlement price, to avoid the global settlement to happen.
BSIP B: change MCR base on worker proposal based poll, a "change MCR to x" WP and a "No change to MCR"poll will be created and wait for voting, witnesses need to change the fed MCR accordingly.
Thoughts?
--- End quote ---
In order to do B we need https://github.com/bitshares/bitshares-core/pull/1324 and hardfork or unintended margin calls will be(or not) triggered.
bitcrab:
now 3&4 have been done.
the committee has changed the force settlement offset of bitCNY from 5% to 2%, this will ensure that the possible discount of bitCNY will be less than 2%.
BSIP41 has been implemented, MSSR of bitCNY has been changed from 1.1 to 1.05.
the community suffer shortage of bitCNY for long time, to realize 1&2 it will also cost much time to reach consensus, create specification and do the implementation.
I am considering to draft 2 BSIPs that need not hard fork, just need witnesses to adapt their feeding script, but can get the purpose of 1&2.
BSIP A: request witnesses to ensure the feed price be higher than the global settlement price, to avoid the global settlement to happen.
BSIP B: change MCR base on worker proposal based poll, a "change MCR to x" WP and a "No change to MCR"poll will be created and wait for voting, witnesses need to change the fed MCR accordingly.
Thoughts?
bitcrab:
中文贴在这里 https://bitsharestalk.org/index.php?topic=27506.0 中文请到该贴回复。
Chinese version is here https://bitsharestalk.org/index.php?topic=27506.0 please switch to there if you use Chinese.
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