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Main => General Discussion => Topic started by: abit on April 02, 2021, 11:13:49 am

Title: 2021-04-02 bitCNY parameters adjustment
Post by: abit on April 02, 2021, 11:13:49 am

Purpose:
to improve market liquidity.

Changes:
ICR (Initial collateral ratio) adjusted from 240% to 300%
Maximum supply adjusted from 25,000,000 bitCNY to 30,000,000 bitCNY

Current parameters:

ICR (Initial collateral ratio) 300%
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)
Minimum feeds 1 (temporary)
Price feed producers list:
1.2.183     hiquanta
1.2.35248   in.abit
1.2.420186  clone (yexiao)
1.2.987999  zapata42-witness
1.2.1031601 btspp-witness

Borrowing is enabled. The maximum supply is limited to 30,000,000 bitCNY.
Force-settlement is disabled.

Title: Re: 2021-04-02 bitCNY parameters adjustment
Post by: akledirs on April 15, 2021, 12:55:10 pm

1. Price feed threshold 0.12 CNY/BTS
2. Force-settlement is disabled

Translate on human:
1. We not will pay our debts if BTS will down. We will lie about cost and give fake price.
2. Collateral there is but you not get it