Author Topic: Hello, TCNY  (Read 1273 times)

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Offline abit

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Re: Hello, TCNY
« Reply #15 on: December 10, 2015, 07:14:16 pm »
I think 1.75 is OK.
maybe you can adjust it to say 1.5, but seems it make no big sense however debate will arise on it.
and definitely collateral ratio need to be at least greater than 1.

Do you know where the buyer's collateral goes?  It just seems to me we are starting with 3x collateral instead of 2x collateral, but I'm not sure.
No buyer's collateral anymore (opposite to bts 0.x). Shorters "borrow" USD and sell it, buyers buy from the sellers.

If I'm a buyer, I use BTS to buy bitUSD.  Where does the BTS go?  Does the BTS go to the short seller?  If so that can make sense. So the short puts up 2x collateral and receives 1x collateral from the buyer when the trade executes?
Shorters puts any amount of BTS as collateral as they like. More collateral, less risky of being margin called and/or forced settlement.
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Offline abit

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Re: Hello, TCNY
« Reply #16 on: December 11, 2015, 07:54:53 pm »
Price feed from witness in.abit activated.
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Offline bitcrab

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Re: Hello, TCNY
« Reply #17 on: December 12, 2015, 12:14:39 pm »
Thanks abit!
just now for testing I adjusted minimum feeds to 3 and made the first TCNY:



hope more witnesses can feed price to TCNY. Thanks in advance!
« Last Edit: December 12, 2015, 12:17:14 pm by bitcrab »
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Offline wackou

Re: Hello, TCNY
« Reply #18 on: December 21, 2015, 04:23:09 pm »
I have updated the bts_tools package to now also publish feed price for TCNY with an MSSR of 100.1%. My witness 'wackou' is already publishing it (see https://bitshares.openledger.info/#/asset/TCNY)

Here is the annoucement of the update: https://bitsharestalk.org/index.php/topic,19537.msg267686.html#msg267686
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Offline merivercap

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Re: Hello, TCNY
« Reply #19 on: December 21, 2015, 09:37:05 pm »
I have updated the bts_tools package to now also publish feed price for TCNY with an MSSR of 100.1%. My witness 'wackou' is already publishing it (see https://bitshares.openledger.info/#/asset/TCNY)

Here is the annoucement of the update: https://bitsharestalk.org/index.php/topic,19537.msg267686.html#msg267686

Thanks for the update.  Look forward to seeing how things develop. 
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