As MSSR values, 1% and 2% are different at:
1. 1% will lead to better pegging at time while margin call price impact the expectation on BTS price.
2. 1% reduce the benefits of shorting BTS in half.
3. lower MSSR will make the margin call orders a little more difficult to be eaten. and may lead to some risk accumulation.
We have seen that bitCNY behaved well after the MSSR was reduced to 1.01.
Now bitUSD has a MSSR of 1.02, what we can see is that bitUSD has a 2%+ premium.
I feel it's time to bring a better pegging to bitUSD.
GS protection is already implemented in bitUSD, so no need to worry too much on black swan.
Please find BSIP59 Doc:
https://github.com/bitshares/bsips/blob/master/bsip-0059.md for detailed info of BSIP59.
Two worker proposals have been created for this poll:
1.14.207 Poll - BSIP59 - Reduce MSSR of bitUSD to 1.01
1.14.208 Poll - BSIP59 - Keep MSSR of bitUSD as 1.02
please consider the 2 choices carefully before you vote.