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": []
},