Do you guys think bitshares as a DEX participate in the EOS ICO? This could be done through the secondary market on the DEX. The committee  could buy EOS tokens. This way the platform as a whole can have stake in the EOS platform which can be used if/when ITS decides to migrate over.

Idea for Bond market. This is just a quick idea i came up with. It not fully thought-out but like to see if it's worth spending more time fleshing out.




Smart Bonds

Smart Bonds gives the ability of users to loan money to the Bitshares network. Users buys a Smart Bond asset at 1:1 with their BTS. These funds go into a pool for the network to use.The 0network pays out yield to the bondholders. The funds will be held on a 30 day cycle. The holder can have the bond auto renew at the end of the 30 days. If the holder buys more bonds during the 30 day period, the term length is extended 30 more days from the day of purchase with the new balance. Interest is calculated daily based on the amount of coin days that day in the bond. Interest will be vested and only available for withdrawal at the end of the Bond term. There will be a 5% penalty for closing the Bond early along with loss of interest.The interest percentage is based on a 30 day rolling average set by the network. If the user has not auto-renewed or bought more bonds during the cycle, the bond officially ends. The principal is then returned in BTS with the accumulated interest in BTS.

The Smart Bond supply will be used for generating Smart Loans,Smart Asset supply, Market-making and other uses. A maximum of 40% of the Bond will be used for loans, up to 10% for asset creation. A minimum of 20% of the Smart Bond supply will kept in reserve in order ensure liquidity of Smart Bond holders.



Smart Loans

Now that the network has all these funds from the Smart Bonds, what should it do with them? Well one use is to lend them out. A Smart Loan is a loan made to users who wish to trade on margin for Smart Assets. In order to get a loan, the borrower must put up collateral. This is done by buying Smart Bonds. A maximum of 40% of the total supply of Smart Bonds will used for Smart Loans at any giving time. Smart Bonds will be the collateral for Smart Loans. The maximum margin for lending will 2.5x. The borrower chooses the Smartcoin they wish to borrow (usd,gold,silver), the length in days (2 to 30 days), and then assigns the amount of collateral. Whatever amount remaining in the Bond is treated as Bond with the terms at creation.There is no penalty for converting some or all of the bond to a Smart Loan. The conversion is one-way. The borrower can not convert the Loan back to a Bond. Interest is calculated daily based on the rate at creation. The borrower can add more collateral but the rate and margin are fixed to the original terms of the loan.  For each Smart asset loaned into existence, the network reserves will 100% collateral. This insures the assets a backed by 200% collateral. This will allow the borrower to trade the coin on the market.

The borrower can close the loan at any time after but will have to pay penalty if it is less than the original term length. At the end of term  the borrower can renew the loan. The loan will renew with the current interest rate. At close of the loan the borrower's remaining collateral is returned along with any profit to their bts account. The loan will closed out automatically if the collateral backing the loan is lost.

The mechanics would work similar to POLO, have not worked through the formulas yet.


Interest Rate

The Interest rate will be set by the ratio of supply and demand. We Will first need a basis rate. Let’s assume an initial daily rate basis of 0.5%. Then the rate can be calculated by,

(Smart Loan / Smart Bond)  x 0.5 = Daily rate

Of course this will need adjusting based on the ratio. The ideal rate should float between 0.2% to 5% roughly.


Smart Coin Supply

A portion of the Smart Bond can used to generate Smart Coins. 10% of the supply will be set aside for coin creation. The assets will be created at 200% collateral and created in proportion to amount of demand based on outstanding loans for that asset. A minimum of 125% collateral must be maintained at all times. If the collateral falls below 125%,  Coins will be destroyed until minimum is reached.

Still working out rest...

One of challenges for the creation of Smartcoins is the high collateral cost associated with their creation. I think we can built a bond market by allowing user to loan out collateral to users who want to borrow. The SmartBonds will be a fixed size and duration. When a user borrowers an asset, the asset created based on the feed price rate. The borrower does not receive the actual asset. The asset is created and goes into a liquidity pool used by the system . The borrower is in essence making bet on rather the asset will increase or decrease. The total amount of assets can be no more than half the value of the the reserve pool.

SmartBond30    25,000 BTS
SmartBond120  50,000 BTS
SmartBond365  1000,000 BTS

Borrowers will put 115% of the collateral and the bond puts ups 100%. This means the newly created Smartcoin is back by 215% collateral. The loan term is fixed at the start. The borrower can pick a term duration up to 15 days. The borrower can however add collateral during the term of the loan. If the borrowed asset’s value increases and the collateral for the loan drops below 140% the borrower will get low collateral warning. If the collateral reaches 115% the loan is closed and borrower loses the rest of their collateral. If the asset’s value decreases, then borrower gets 100% of his collateral back plus the difference in value from the start. Daily interest payments are made from the collateral. The system determines the percentage interest for the loan by measuring the supply vs demand.  The interest rate is fixed during the course of the loan

At the end of the SmartBond term, the buyer of the bond receives their collateral back plus the interest gained.

Assuming that the new zero transfer fee structure proposal by BM goes through and is active, what should fees outside of transfers be? What should be included/discounted under Annual and Lifetime membership? What should these memberships cost? Should there be a Lifetime membership? All this also assumes percentage type fees are also active.

Just got my Shift Payment debit card. Going to use it for lunch today. They are looking to add more than just Bitcoin to their system. would be a good idea to see get Bitshares on connected with them.

https://www.shiftpayments.com/
https://www.crunchbase.com/organization/shift-payments#/entity
https://angel.co/shift-payments

Fees:

Plastic Card Issuance Fee:$10.00
Customized Card Issuance Fee:Up to $100.00 depending on the type of card requested (pricing provided upon request)
Domestic Cash Withdrawal Fee (applies to both ATM and Over The Counter “OTC” withdrawals):$2.50 (per transaction)
International Cash Withdrawal Fee* (applies to both ATM and Over The Counter “OTC” withdrawals):$3.50 (per transaction)
International Transaction Fee**:3% of total** (per transaction)
Card Replacement Fee:$10.00 (per Card issued)
Paper Statement Fee:$3.00 (per statement)

Can we get a proposal to fund a proper Quality Control team for version releases with a proper changlog and dedicated section on the Bitshares website to list them. This would avoid a lot of the confusion and repeat questions for issues that constantly spam the forum. Providing timely,accurate information is not Cryptonomex's strong suite as we have seen.

If someone is an annual subscriber and then wants to upgrade to a lifetime, do they have to pay the full amount or can they just pay the difference?

We can built can a chain of Bitshares islands!

https://www.bisnow.com/national/news/sustainability/you-can-finally-now-buy-your-own-private-island-49076