BitShares Forum

Main => General Discussion => Topic started by: Riverhead on November 15, 2014, 04:13:40 am

Title: Guess Who's Coming to Dinner?
Post by: Riverhead on November 15, 2014, 04:13:40 am
Almost 10k bitUSD in forced cover.

(http://i.imgur.com/6pLcVTj.png)
Title: Re: Guess Who's Coming to Dinner?
Post by: biophil on November 15, 2014, 05:15:33 am
That one is a dainty appetizer compared with a couple days later...
Title: Re: Guess Who's Coming to Dinner?
Post by: Ander on November 15, 2014, 05:55:36 am
Why is the call price 96 BTS per bitusd?  Should it be around 50-60 BTS per bitusd?
Title: Re: Guess Who's Coming to Dinner?
Post by: Markus on November 15, 2014, 07:08:43 am
It seems the current implementation is that a position is called when two thirds of the collateral would be needed to repurchase the debt. It used to be 75 % but it must have been dropped to 66.7 %

So 1187311 * 0.6666 / 8170 = 96.88

Title: Re: Guess Who's Coming to Dinner?
Post by: zerosum on November 15, 2014, 07:11:10 am
It seems the current implementation is that a position is called when two thirds of the collateral would be needed to repurchase the debt. It used to be 75 % but it must have been dropped to 66.7 %

So 1187311 * 0.6666 / 8170 = 96.88
aha... so it seems.