TCNY force settlement offset percent changed to 1%

Started by bitcrab, January 24, 2016, 07:09:56 AM

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fuzzy

Quote from: bitcrab on January 24, 2016, 07:42:00 AM
Quote from: btswildpig on January 24, 2016, 07:26:20 AM
when will TBTC , TDOGE coming  8) 8) 8)

I don't think it's necessary to peg a unstable currency.

it would be nice for me i know that...because then i can win over communities by using the sharebot to distribute TDoge to doge holders and bring them to bitshares.  this is a logical next step so if anyone has the vision and work ethic to helo pull such a thing off...let me know because it will be the smartcoins you develop that id be able to give away.   cannot tell you how important it is we try our best to add smartcoins like this.  otherwise i assure you ethereum will look to.  It is time we make friends in the crypto community.
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

bitcrab

Quote from: btswildpig on January 24, 2016, 07:26:20 AM
when will TBTC , TDOGE coming  8) 8) 8)

I don't think it's necessary to peg a unstable currency.

btswildpig

这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

bitcrab

force settlement is a good feature for smartcoin, if the parameters can be set well.

for the offset percent,
0% is too low to eliminate the premium/make exact pegging possible.
2% is too high to stimulate more liquidity.

so now we decided to set it to 1% for TCNY, hope this can bring more liquidity and meanwhile give shorters enough protection.

further adjustments are still possible in the future based on observation and review.

"options": {
      "feed_lifetime_sec": 21600,
      "minimum_feeds": 3,
      "force_settlement_delay_sec": 86400,
      "force_settlement_offset_percent": 100,
      "maximum_force_settlement_volume": 200,
      "short_backing_asset": "1.3.0",
      "extensions": []
    },