Purpose:
to restore the peg of bitCNY in the long run and mitigate the issue that some debt positions' collateral is too low.
Changes:
ICR has been increased from 245% to 275%.
Current parameters:
ICR 275%
MCR 175%
MSSR 150%
MCFR (Margin call fee rate) 5%
FSO (Force settlement price offset) 2%
FSFP (Force settlement fee percent) 1%
The median feed price is 0.22 CNY/BTS.
Note: the ICR value 275% for feed price 0.22 effectively means 175% for market price 0.14, and the corresponding black swan price is 0.08.
Borrowing has been enabled earlier. The maximum supply is limited to 35,000,000 bitCNY.
Topic: 2020-10-06 Old bitCNY parameters adjustment (Read 2171 times)
