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A report on how successful the process went would be great

Sent from my Infinix X605 using Tapatalk

If any trade would happen you can observe it on the blockchain https://wallet.bitshares.org/#/account/workers.bitshares.foundation, and I expect that it will be added in the corresponding worker in the trade overview presented on https://workers.bitshares.foundation/

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A report on how successful the process went would be great

Sent from my Infinix X605 using Tapatalk

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General Discussion / Re: Committee Fund Operation Review
« Last post by bitcrab on Today at 03:01:53 pm »
I created a proposal 1.10.47901 to borrow 20K bitUSD with collateralizing 2M BTS, margin call price = 0.015USD, far below GS price. hope committee members can check.

the intention is to use the borrowed bitUSD to close the debt position of committee-usdoperator to remove the margin call risk, and get the 1.01M BTS back to committee-account.

It is not a good selection for committee-account to reject any debt position management.

when there is big amount of BTS accumulated in committee-account, if these BTS just stay there, it will not help the ecosystem and is a waste.

if we borrow some amount of smartcoin with taking good care of the risk, and use the borrowed smartcoin to buy back BTS in good price, it will greatly support the smartcoin ecosystem.

committee-account is suitable to do so as it has continuous smartcoin income.

to control the risk, I suggest a principle for managing debt position:

1. margin call price should not be higher than GS price, otherwise all the income will be used to reduce the margin call price.
2. margin call price should not be higher than 0.03 price, which is the price bottom in the last 1.5 years.

yes, even so it is also possible that the margin call will happen, but if the feed price go below 0.015USD, hundreds of millions of BTS collaterals are already margin called, it is a disaster, the margin call of millions of committee BTS do not make the things much worse.

but the "borrowing and buy back BTS" activity can help to reduce the possibility of BTS price go below 0.015USD, although the possibility is already very low.

I hope everyone can also consider the worker issue, "do not support any big workers when BTS price is under 0.3CNY" is close to a consensus in China community, if we want a healthy BTS ecosystem, we need to try to find ways to sustain BTS price, for example, charge margin call trading to add system income to support the BTS buy back.

and "borrowing and buy back BTS" is also part of the efforts.
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General Discussion / What is the CN-Vote Vision?
« Last post by Cryptick1 on Today at 01:38:39 pm »
Hello, I have some questions for you.

How long do you anticipate keeping the refund 400K proposal voted to the top?
Do you expect to allow funding for the existing workers? if so when?  At What time?

Can you tell me about your vision for BitShares?  Can you give me a mission statement?  What are your goals for BitShares?

What brings value to BitShares?

How do you count and measure value?

What metrics do you look at?

What is the most effective method to build value at Bitshares?

Where do you see BitShares going in the Future?

What type of workers do you want to see more of?

What type of projects do you dislike or hate?

Marketing, advertising
What strategy should BitShares be using for marketing?
What strategy should BitShares be using to get more people to BitShares?

Liquidity
What strategy should BitShares be using to improve liquidity?
How should BitShares get more people to trade at the DEX?

Investing
How do we get more people to invest in BitShares?
What new areas of expansion offer the most hope for profits in the future?


To help companies make a vision there is a process that is done. In Business it is common to look at a Strengths, Weaknesses, Opportunities and Threats. This is part of business planning. I do not know the name for this in Chinese, but there is probably a similar process. It is very common in Business. This looks at the good and the bad in BTS, and then it looks at the good and the bad outside the BTS community.

Can you tell us what you think BitShares Biggest Strengths Are?
How should these be used?

Can you tell us what you think BitShares Biggest Weaknesses are?
What do we need to do to fix these?

Can you tell us what you think BitShares biggest Opportunities are?
What do we need to do to take advantage of these?

Can you tell us what you think BitShares biggest Threats are?
How do we need to avoid them?

What are the Biggest Problems BitShares faces in the Long Term?

What are the Biggest Problems BitShares faces in the Short Term?

What solutions to these problems do you think the BitShares Team needs to work on?

I know this is a lot of questions. I hope you can answer a few.  I also know there can be multiple answers and multiple opinions. As a union of Chinese voters, understanding the goals can help the community to work better. 

Thanks,
Cryptick1

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General Discussion / Re: How to use Committee Funds
« Last post by bench on Today at 12:06:31 pm »
Maybe a simple lending pools like https://github.com/bitshares/bsips/issues/182 will let the reserve pool get interest with no risk.

Thank you for mentioning this as simple, but this is only the start!
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General Discussion / Re: How to use Committee Funds
« Last post by binggo on Today at 11:49:38 am »
Maybe a simple lending pools like https://github.com/bitshares/bsips/issues/182 will let the reserve pool get interest with no risk.

 
Quote
MCR=1.6
 1. Alice cr>1.6,
 2. Price drop,
3. Alice's cr is close to 1.6, she will be margin called soon,
4. Alice can borrow bitasset/bts from Bob to keep her debt not be margin called when her cr>=1.5 or other parameter(set by community member),and she must keep her synthetic cr >=1.6 with the lend asset.
5. Alice must pay Bob interest every day in advance,
6. Price drop again,
7. Alice's cr is close to 1.5, if she didn't add more asset to keep her cr >=1.5, when her cr <1.5 or her synthetic cr <1.6, her will must be margin called.
8. When Alice was margin called, the asset which borrow from Bob reback to Bob.
9. The interest was determind by the market.
10. If the Bob didn't want frequent operation, he can put his asset in a liquidity pool let the system do this, but he maybe get less interest than market. The interest of liquidity pool will be average of the market interest(>0).
11. If Bob lent his asset to Alice, he will can't get back his asset except Alice closed this contract or been margin called or set a time threshold.
12. If Bob lent his asset, his asset will be locked in his account or locked in a special pool.

Quote
前提参数:
抵押率cr
维持最低抵押率与爆仓抵押率均为:1.6 (理事会可调参数)
借贷之后的爆仓抵押率:1.5(理事会可调参数)
自己+借贷来的债仓的综合抵押率

1.小红的抵押率 cr>1.6;
2.价格下跌;
3.小红的抵押率无限接近于1.6,就要爆仓了;
4.小红此时可以从小明借贷智能资产/bts来保证她的债仓在大于借贷爆仓抵押率(也就是她自己的抵押率cr)>=1.5(或者其它由理事会设定的参数)的情况下不会被强平,同时保证自己+借贷来的债仓的综合抵押率必须大于1.6;
5.小红不能动用从小明借贷的资产;
6.小红必须提前每日支付给小明利息;
7.价格又跌了;
8.小红的抵押率无限接近与1.5,如果她不增加抵押率或者还一部分款的使自己的抵押率cr>1.5的话,一旦小于1.5或者自己+借贷来的债仓的综合抵押率小于1.6,她就会被系统强制平仓;
9.小红一旦被触发强平,从小明借贷的资产将会归还给小明;
10.利息费由市场决定;
11.如果小明不想自己频繁手动操作,可以将想要借出的资产放入系统设置的一个借贷池中,由系统自动操作,但是可能获得的利息少于市场利息,借贷池的利息是市场利息的中位数;
12.如果小明借贷给小红资产,在借贷时间没有到期或者小红没有主动终止合约或者小红没有被强平之前,小明不能撤回资产;
13.小明借贷出的资产,将会锁定在自己的账户或者一个特殊设计的资金池中;
14.利息类型的支付可以按照抵押物的类型进行决定;
15.没有进行这样借贷的抵押者如果cr<1.6, 就会直接被系统强平。

当然这个简单的方案是一个比较保险的方法: 持有智能资产及bts的都可以去借贷获利,变相的staking.

当然也有一个风险极高的方案就是:借贷人与借出人实行共同抵押率,这可能就需要一个长期借贷市场来进行运作,风险也比较大,比如抵押者可以进行长期借贷(比如借贷物是bts,毕竟智能资产会大量减少)来保证共同抵押率极高,来熬过寒冬,而只需要支付利息即可,当然可能抵押者自己的抵押率在价格不断下跌的过程中<1,又付不起利息,导致绷喀崩

当然也可以再延伸一下,比如小明可以进行借贷的资产是BTC等,或者lending功能上线之后, 可以将bitcny/BTS给其它资产进行如此的借贷, 比如资金池拨付一部分资金进行无风险借贷等
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General Discussion / Re: Cn-vote union question and answer
« Last post by cn-vote on Today at 11:46:36 am »
WHAT IS DPOS?

DPOS (Delegated Proof of Stake) is a consensus algorithm based on voting elections. It is a bit like a democratic conference. The currency holder selects several representative nodes to operate the network, and uses professionally run network servers to ensure the blocks. Chain network security and performance. In the DPOS mechanism, there is no need to calculate the mathematics problem, but the holder of the currency chooses who to say the producer. If the producer is incompetent, it may be voted out at any time.
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General Discussion / Re: How to use Committee Funds
« Last post by binggo on Today at 11:42:03 am »
Let's sell all the BTS to buy BTC, then BTC go up to 1M dollor, we will win. :D :D
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General Discussion / Re: How to use Committee Funds
« Last post by Bangzi on Today at 11:34:33 am »

5-10% / month? that's 200-300% APR...

We're a decentralized exchange....not decentralized loansharks :D

Obviously now is brainstorming phase. Please try to think out of the box, don't limit yourself as decentralized exchange. There are so many things we can do with the fund.

3. Competition - Promote new feature such as the prediction market. The competition should run in testnet, bring new users to try the feature, report bug and UI team can improve user experience based on their feedback.

4. Donation - Donate when some disaster happen, just to help people and get some media exposure. We can even setup an account for donation fund eg. DisasterABC-Donation, everyone who want to donate can send money to this account, it is transparent, everyone can check it and avoid middlemen corruption.
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General Discussion / Re: How to use Committee Funds
« Last post by bench on Today at 11:21:36 am »
Once (if ever) BitShares has a similiar DeFi available, the operation should obviously be moved back on-chain.

Integration of lending pools to earn interest and improve liquidity on the DEX is one the most important things:
- https://github.com/bitshares/bsips/issues/182 (1 of 3)

more is in the work!

Alternative is burn BTS:  https://bitsharestalk.org/index.php?topic=28508.0
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