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Those facts come from my margin call experiment:
I confirm that I was still NOT margin called at 176% of collateralization.
Once at 175% I was margin called.
I could not borrow BTWTY with less than 192.5% of collateralization.
Are you sure that the margin call is not triggered simply when collateral reach MCR * Price feed ? So currently 175% of the price feed.
There is actually no point to require minimum 192% (MCR*MSSR) starting collateral anymore. Before change in shorting rules (with old rules which are given in documentation) it did make sense, because margin call could be triggered at this threshold. Now minimum collateral can be set to MCR.
//Current situation
If I set the MSSR at 140% and keep the MCR at 175% :
1) The minimum collateral to borrow a BTWTY will be at 245% ( 140 * 175 ) ?
2) Is there a way to avoid asking for so much collateral ?
3) The margin call will be triggered at 175% of the price ?
4) I won't trigger any margin call by increasing the MSSR because they will be triggered at 175% of the price feed ?
5) Once someone has less than 175% collateral, he will be margin call and its order will sit at 140% of the price feed ?
6) The price at which the margin call order sit in the market move with the price feed ?
Maybe this oneHi @mf-tzo . Every now and then I wonder about brownies too. I have a fair few of them, but am not hodling my breath expecting anything to come from them. Sometimes I wonder if I would even find out if @bytemaster did decide to do something with them. He's not posted on this forum since May, and I'm not interested in Steem...
I wish there were an alert I could sign up to in case there's any brownie news/action.
By the way, if I wanted to keep up to date with what Dan Larimer is up to nowadays, is it the Stem platform I'd need to go to? Does he still blog?
Yeah... He's pumping his next project over there. Something about Universal Basic Income. The lemmings are eating it up.
Do you have a link? I'd love to read that. Pretty sure I predicted he'd be on to a new project right about now.
Just thinking.I understand it this way:Yeah, me too.
SQP ( Squeeze protection price) is 10%, force buying back discount range.
At 175% collateral x 1.1(SQP) =192% to feed price, marging call trigers buying back in 175-192% range, meaning, if for instance in bitBTC market:
BTS/bitBTC feed price is 250,000 or bitBTC/BTS is 0.00000400, everyone who owns 1 bitBTC needs to lock 250,000x192%=480,000 colateral.
If it doesn't have enough , then it is forced to buy back bitBTC in price range of 1.1x250,000=275,000 - 250,000 BTS/bitBTC
or 0.000003636-0.00000400 bitBTC/BTS price range.
As feed price moves down, SQP moves with it through order book.
So in case BTWTY, something extreme like this would do the job:
SQP aka MSSR = 1.5
MCR = 1.1 (or even lower)
It will force shorters to cover called positions at whatever price market offer up to 1.5 * feed price.
What if market selling higher than 1.5*feed? It's mean SQP is to low and ASSET is no longer covered, because margin calls cannot be executed.
In my opinion SQP is the thing to mess around.
Edit: This may not work. MCR should not be set lower than MSSR, because in this case the situation is possible when there is not enough collateral to buy margin call order at SQP price. Correct me if I am wrong.
This is how I understand the documentation with the current parameters:
MCR = Minimum Collateral Ration = 175%
MSSR = Maximum Short Squeeze Ratio = 110% (SQPR in the doc)
PF = Price Feed
CR = Collateral Ratio^Correct me if I'm wrong
- You can NOT open a short position with a CR inferior to 192.5% (1.1 * 175%)
- You get margin called when your CR goes to 175%
- Your margin call will sit at 110% of the PF
I understand it this way:Yeah, me too.
SQP ( Squeeze protection price) is 10%, force buying back discount range.
At 175% collateral x 1.1(SQP) =192% to feed price, marging call trigers buying back in 175-192% range, meaning, if for instance in bitBTC market:
BTS/bitBTC feed price is 250,000 or bitBTC/BTS is 0.00000400, everyone who owns 1 bitBTC needs to lock 250,000x192%=480,000 colateral.
If it doesn't have enough , then it is forced to buy back bitBTC in price range of 1.1x250,000=275,000 - 250,000 BTS/bitBTC
or 0.000003636-0.00000400 bitBTC/BTS price range.
As feed price moves down, SQP moves with it through order book.
And if condition for margin call is met, it does not take the best sell offer event if there is liquidity. I have a hard time to understand why is it done this way.but in docs:
Hopfully in the near future you can easily put youy cryto on a plastic card and spend it that way. For now it would be a good idea to get all the cryto you can afford. Also find ways to get paid in crypto.Who is going to stop them from imposing a new tax in every fiat transfer from and to bitcoin exchanges? with cash banned in a few years isn't it game over for crypto? Add to that that all the population will be trained in the use of plastic money which is orders of magnitute easier to use than any crypto out there. I wish I'm wrong but I can't see anything good out of this.Read the same article this morning, what are these politicians thinking? When are the next elections in Greece?
