the expire date for cover order is too close, it's not good for peg.
if we can dispersed it at a date between 30days to 60 days, I think it's more better
It sounds good. If the expire date is unexpectable, it will be harder to gamble for those owning large scale bts. This help peg.
Quote from: alt on January 11, 2015, 02:17:37 AM
the expire date for cover order is too close, it's not good for peg.
if we can dispersed it at a date between 30days to 60 days, I think it's more better
How about a self-defined date in a limited range?
I don't like this kind of random values.
I want to know the expire date before I place the order, not afterwards.
I prefer the following：
1 month expire date with 3%+ annual interest rate
3 month expire date with 6%+ annual interest rate
6 month expire date with 10%+ annual interest rate
It'll smooth out with higher volume. Incentive to maintain the peg doesn't change.
Definitely no interest rate fixing...
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I wonder this topic BM will read or not.
This will occur naturally.
Quote from: toast on January 11, 2015, 04:02:53 AM
It'll smooth out with higher volume. Incentive to maintain the peg doesn't change.
Definitely no interest rate fixing...
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It wouldn't be rate fixing if people could pay for longer expiry. No rate premium for 30 day expiry; 2x premium for 60 day expiry, 3x for 90 days, etc.
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Seems like unnecessary complexity and uncertainty.
This seems unnecessary. It works fine the way it is.
If shorts were forced to cover at random and unpredictable times, it would make shorting much less desirable and hurt adoption greatly. If you take out one side of the market, there is no market anymore.
Quote from: Ander on January 11, 2015, 08:45:55 PM
If shorts were forced to cover at random and unpredictable times, it would make shorting much less desirable and hurt adoption greatly. If you take out one side of the market, there is no market anymore.
Agree.
longer time needs more interest. This seems better.
Quote from: biophil on January 11, 2015, 03:26:55 PM
... No rate premium for 30 day expiry; 2x premium for 60 day expiry, 3x for 90 days, etc.
+5%
An option to extend the expiry date and pay the extension fee.