BitShares Forum
Main => Stakeholder Proposals => Topic started by: bitcrab on September 04, 2019, 02:24:15 pm
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Based on BSIP59, https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 2 poll worker proposals have been created:
1.14.215 Poll - BSIP59 - Reduce MCR of bitCNY to 1.5
1.14.216 Poll - BSIP59 - Keep MCR of bitCNY as 1.6
In my view, the logic for setting MCR should be:
As low as possible & As high as necessary.
From any perspective 1.5 is a safe enough MCR for bitCNY, and to reduce MCR become necessary when bitCNY is also in shortage and premium status.
Please vote according to your opinion.
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As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
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As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason？
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when will it end, at 1.0?
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when will it end, at 1.0?
0.5
Borrow 1. Get 1 free!
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As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason？
Table shows debt based on MCR, when using debt to buy BTS and borrow again (10 times):
DEBT MCR
8.51 1.1
6.26 1.15
4.87 1.2
3.95 1.25
3.32 1.3
2.85 1.35
2.50 1.4
2.22 1.45
2.00 1.5
1.82 1.55
1.67 1.6
1.54 1.65
1.43 1.7
1.33 1.75
1.25 1.8
1.18 1.85
1.11 1.9
1.05 1.95
1.00 2
MCR = 1.5 gives the debt position a slightly advantage, to compensate risks.
With MCR 1.6-1.75 (DEBT< MCR), the dept position has no real advantage.
when will it end, at 1.0?
MCR should end at 1.5, ccr (https://github.com/bitshares/bsips/issues/182) can end at 1.0
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- reduce mcr to 1.5, with one obvious benefit: bitCny is easier to produce.However, the current supply of bitCny has little impact.
- The risk is very small.(like bitUsd)
- i support it
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when will it end, at 1.0?
0.5
Borrow 1. Get 1 free!
We're now way below 1.0