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Main => General Discussion => Topic started by: abit on November 22, 2020, 10:32:03 am

Title: 2020-11-22 Old bitCNY parameters adjustment
Post by: abit on November 22, 2020, 10:32:03 am
Purpose:
to encourage traders to use the order book and the AMM liquidity pools.

Changes:
Disable force-settlement.

Current parameters:

ICR (Initial collateral ratio) 240%
MCR (Maintenance collateral ratio) 160%
MSSR (Maximum short-squeeze ratio) 105%
MCFR (Margin call fee rate) 3%
FSFP (Force settlement fee percent) 3%
FSO (Force settlement price offset) 2%
Force settlement delay 24 hour
Maximum force settlement volume per hour 0.5%
Price feed threshold 0.12 CNY/BTS (temporary)
Price feed producers list: in.abit only (temporary)
Minimum feeds 1 (temporary)

Borrowing is enabled. The maximum supply is limited to 20,000,000 bitCNY.
Force-settlement is disabled.