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Main => General Discussion => Topic started by: abit on April 02, 2021, 11:14:56 am

Title: 2021-04-02 bitUSD parameters adjustment
Post by: abit on April 02, 2021, 11:14:56 am

Purpose:
to improve market liquidity.

Changes:
ICR (Initial collateral ratio) adjusted from 240% to 300%
Maximum supply adjusted from 1,800,000 bitUSD to 2,200,000 bitUSD

Current parameters:

ICR (Initial collateral ratio) 300%
MCR (Maintenance collateral ratio) 150%
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 (temporary)
Minimum feeds 3 (temporary)
Price feed producers list:
1.2.183     hiquanta
1.2.14035   xn-delegate
1.2.35248   in.abit
1.2.389463  nexus01 (Ross Walker)
1.2.420186  clone (yexiao)
1.2.738675  xbtsio-wallet
1.2.987999  zapata42-witness
1.2.1035733 syalon

Borrowing is enabled. The maximum supply is limited to 2,200,000 bitUSD.
Force-settlement is enabled.

Title: Re: 2021-04-02 bitUSD parameters adjustment
Post by: akledirs on April 15, 2021, 12:28:09 pm

(9,65 BTS + 2% + 3% + 24h delay + 0.5% max/h) for settlement. BitUSD just 1 USD? Similar on 0.95$.
Topic in General Discussion. Discussion? What a discussion? - all decided!