To have stable coins in a highly dynamic environment, we need dynamic parameters to protect the environment and traders better.

In an oversold market lower MCR are needed to compensate the outflow of money and in an overbought market the higher MCR prevents from over collateralize the system.

We had a long way testing with 175% and BSIP42, and both failed. To improve the ecosystem I support the way/idea of @clockwork with dynamic parameters.
Having a constant MCR in a dynamic market brings more trouble, than benefits.

Having a dynamic parameters MCR in a dynamic market will bring more trouble, it's a disaster to the system.

i think we have learned some lessons from BSIP42, GS and other rule，but i found we didn't.

The high MCR, The high MSSR, dynamic MCR, dynamic MSSR, dynamic feed price, low settlement offset, the GS, all these were wrong thoughts，these can‘t solve anything，just destroy the market more quickly, more deep.

Additional safety features are needed to lower the MCR and help against price suppression.
With a auto settle function for holders with a MCR of 1 from the fee pool, we could avoid a GS. These BTS can be spent afterwards to pay the worker.

i agreed with this thought, it's have something in common with mine, maybe we need to set a insurance fund of GS and use the TARGET COLLATERAL RATIO to handle the CR of 1.10, if the insurance fund of GS can't handle, then black swan protection, if the CR which 40% of the whole system debit is down to 1.10, then settle the bitasset.


i have gived a way to solve some problems: use the settlement offset,

Make the settlement offset varied with CR;

The settlement can have the TARGET COLLATERAL RATIO.

1. CR below the MCR will get less settlement offset, e.g. if you CR is 1.7, you will have 0 settlement offset, if you CR is 1.6, you will have -0.5% settlement offset, the Minimum settlement offset is -2%.

the settlement Delay below MCR will be one hour or more less.

2. CR above the MCR will get more settlement offset, e.g. if you CR is 1.8, you will have 2% settlement offset, if you CR is 2.0,  you will have 3% settlement offset. the Maximum settlement offset is 6%.

the settlement Delay above MCR still be 24 hours.

thoughts?

加一条，加入分歧指数后不得超过次前五位的平均喂价。

额，应该不会超过的...

Disagree

Quote

It is always bad that one single person control too much BTS, either the person is alt or me. as in a DPoS blockchain tokens means voting power.

If you need more voting power get more people activ.

I remember questioning over a year ago your centralised power and your answer was very clear to me.Get more BTS or holders supporting you (and noone disagreed with that).

I understand some people are unhappy with the 400k refund fund but thats not a reason to create a new voting system just because someone isn't voting in your favour (like reduce of MCR for bitcny).

Would alt be voting in your favour i highly doubt you would open that thread.
Also opening that thread where you lost that "centralised" power instead of opening when you had it gives it instantly a bad touch.

what's now? so?

The voting power is almost in the CEX, so how you can get the people back to DEX? or you have a better way which can push something forward, please give your solution.

GOOD!

The voting power must be balance.

我想是时候来推进改变GS这一个有缺陷的设计。

连环爆仓，尸骨垒叠，秃鹫环伺。

姑且称现在的GS为秃鹫式GS，需要等到死透了才会下来啄食。

机制如此，不能怪人性，人本逐利，无可厚非。

support!

我的看法是给中值喂价加分歧参数, 平滑性更好,也更能贴近市场价格的变化, 也能防止见证人在喂价上统一性的作恶.

至于MSSR,调整为101%可能需要102%多观察一段时间看看, 另外也需要其它规则的确立(比如将强清补偿与抵押率挂钩)才能实行的更好.