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Topics - bench

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Liquidity is a big problem on the BitShares DEX, because there is no way to lend assets for market making.

Bancor and Uniswap got recently a protocol update. More users are using their service for lending and asset swaps.

The Onest Blockchain is a proof of concept for BitShares and BTS holder, to bring new innovations into the space. Which means an OIP can be freely exchanged for a BSIP and vice versa.

  • MLP2 is an asset lending feature, to provide liquidity for asset exchanges at the current price level
  • Simplified version of the Bancor Protocol without connector weight
  • Stepless liquidity with no order book for any asset pair
  • Blockchain as borrower and liquidity provider
  • ONS as central node and base currency
  • Market fees are shared to asset lender and blockchain

What is new in MLP2?
  • One asset deposit/withdraw to/from MLP2
  • Non-core token liquidity pairs
  • No orderbook integration

Flow Chart


Stakeholder Proposals / [Draft] BSIP78: MLP (Market Liquidity Pool)
« on: September 26, 2019, 02:03:44 pm »

  • Stepless liquidity with no order book for every possible asset pair
  • Blockchain as borrower and liquidity provider
  • BTS as central node and base currency
  • Auto equilibrium (50:50) / RO-DEXbot market strategy
  • Market fees are shared to BTS/asset owner

  • Provide an easy and effective liquidity tool for every user/'asset pair' on the protocol level
  • Generates demand for BTS and income for BitShares


Discussion and Summary for Shareholders
  • This is a very important basic tool, to strengthen our infrastructure, use case and core token value
  • This enables every user to take part in value creation and earning market fees at the same time

Stakeholder Proposals / [Worker Proposal] PalmPay + BiTSy iOS Version
« on: September 03, 2019, 11:54:24 pm »
PalmPay is a point of sale app, which allows any business to accept multiple cryptocurrencies at zero costs.

The app accepts BTC, LTC, DASH ... and converts/stores those in BTS or bitAssets.

The iOS Version for PalmPay and the corresponding wallet BiTSy is one of the most asked features in community.

Worker costs:
- BiTSy wallet  iOS port = 8k$
- PalmPay iOS port = 30k$
- Reserve = 4k$
- Marketing = 2k$

The funds are paid back with the 0.2-0.3% market fees by burning at least the equivalent amount of BTS, when PalmPay was accepted in the Apple Store.

Stakeholder Proposals / [Worker Proposal] Reduce onboarding registrar
« on: September 02, 2019, 01:04:13 am »
At the moment the takes 15% as registrar.
To stay competitive with OpenLedger the registrar should also be set to 0%.

Registrar cut was introduced to cover costs for signup, but with low signup costs and new referral system (market fee share), this is not needed anymore.

Stakeholder Proposals / New BSIP - Margin Call Fee
« on: August 12, 2019, 10:21:46 am »
At the moment margin call fees are only present with the MSSR. The margin call doesn't pay any market fees, like regular selling on the bitAsset market.
The MSSR is a penalty, which does only benefit the buyer of the debt and not the BitShares ecosystem.

Introducing a 0.2% margin call fee for everyone and reducing the MSSR by 0.2% results in a effective fee of 0%.

Referral System
Including the margin call fee in the referral system does mostly support third parties or LTM and not the BTS price/demand in the first place. 
On the other side everyone should be equal on the margin call side.

To increase the house edge from 20% significant (@xeroc), without sabotage the referral system, we need to take here 100% to burn BTS.
Everything else does not have a real impact or makes much sense.

Steps for integration (bitCNY)


Steps for integration (bitUSD)


Not having a reasonable fee for margin call to burn BTS, is one of the biggest leak for BitShares ecosystem and should be changed as fast as possible.

Reducing MSSR and increasing MC-fee by the same amount has a neutral effect on the debt penalty.


I wanna start this worker, to bring the Bitshares ecosystem to journalist, influencer and companies. Show them how they can use the Bitshares ecosystem for their benifits.

- Write a short article about the direct debt function, smart coins, referral system (+trading fee shares) and PalmPay
- Contact journalists, influencer and companies
- Offer them a direct debt payment for the next 6 month, if they wanna use/promote Bitshares

- Writing the articles
- Direct debt payment for influencer or journalists
- Bounty for every successful promoter

- What price range do you think is needed for the positions?

The bitCNY market had some good volume last time and the unclaimed issuer income (~600k bitCNY), could be spent to save the reserve pool for active workers.

I suggest to use 30k bitCNY daily until we are over 1000 satoshi or 0.1$ or run out of bitCNY.

What do you think?   

Stakeholder Proposals / [Worker Proposal] Get listed on Paytomat!
« on: May 17, 2019, 10:26:08 pm »
Paytomat is a Point of Sale app, which already supports a lot of cryptocurrencies.
To get listed on their platform, 2000$ are needed to pass their voting.

Funds for voting are collected here:

What do you think?

General Discussion / New mechanism to prevent bad debt (black swan)
« on: October 19, 2018, 02:21:30 pm »
In this topic I want to discuss different ideas to prevent bad debt.

One idea was to handle margin positions depending on the collateral ratio.

Creating three groups for different ratios:
- 1.75>x>1.5: normal call price
- 1.5>x>1.25: reduced call price
- 1.25>x>1.00: sell to highest call order and reduce liquidity

What do you think ?

Stakeholder Proposals / Improving Lifetime Membership
« on: September 30, 2018, 02:53:20 pm »
The Lifetime Membership (LTM) is not very attractive at the moment, compared with other platforms.
Openledger already did a great job by providing a registrar with 0% and gives the full 80% to the referrer.

The problem is that LTM is excluded from a big chunk of fees (Gateways/Market Maker).
To solve this problem three things should be changed:

- Taker fee should increase 10x compared to maker fee, because this can be count as a transaction, except the margin call side

- Gateways should fully implement a 40% cut on all fees to LTM, thanks to OpenLedger

- The market maker fee of 0.1% for USD/CNY should be split:
-- 0.05% goes to the trader
-- 0.01% goes to a community-workers budget to finance projects like
-- 0.04% is used to buy back BTS and share drop on LTM

The people with an LTM are the most important people on the BTS platform and are essential for:
- creating content about BTS
- getting new users
- helping new users
- reporting bugs
- integrating new projects
- providing liquidity
- increasing volume

Without a fully integration of the fees to the LTM, there is no substantial demand for an LTM, grow in user base and adoption.

The chart of account upgrades shows the full dilemma:

Openledger / When Bitcoin Cash Integration?
« on: June 04, 2018, 09:29:06 pm »
Bitcoin Cash has way cheaper transaction fees and better scaling than Bitcoin, when will Open Ledger start the gateway?

Technical Support / Change Registrar for referral accounts
« on: May 15, 2018, 12:28:43 pm »
When I (lifetime membership) refer to a new user I get the as registrar, but I used openledger as registrar when my acc was created. Is there any information about this?

How can I become my own registrar for the referral accounts?

Technical Support / remove proxy (me)
« on: April 24, 2018, 03:23:05 pm »
Hallo I can't remove the proxy myself, when I delete it auto switch back and I can't save it.

The BTS client has to many hard edges, which should be fixed as soon as possible, to achieve this we should spend twice the budged for the UI as it is now.
People, who bring new ideas in making the UI better and more simple, should be rewarded with 5% and the other 95% is spend on the implementation.

What is the status on the UI remake announced a long time ago? Can I see the current progress? This whole thing should be more transparent with updates to allow feedback from the community.

Openledger / Fees to 0.1% again?
« on: April 03, 2018, 01:28:08 pm »
I just wanted to buy on the DEX some coins, but now the fees are at 0.2% again.
Low fees are critical for growing the ecosystem and on the long run, both will benefit.

When will we go back to 0.1%?

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