Author Topic: Error settling BitBTC  (Read 878 times)

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Offline severo

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Error settling BitBTC
« on: October 16, 2018, 07:17:07 am »
Greetings, I have an error settling 0.11377283 BitBTC.
at 2018-10-15 23:46:36 in the block / 31395459/44
missing translation: en.operation.asset_settle_instant

Very strange. The operation was resolved instantly, instead of 24 hours, and for a price much lower than that marked by the witness. What has happened?

Offline xeroc

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Re: Error settling BitBTC
« Reply #1 on: October 16, 2018, 08:46:37 am »
bitBTC is in global settlement (black swan), hence you can settle against swan price(!!!!) instantly.
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Offline severo

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Re: Error settling BitBTC
« Reply #2 on: October 16, 2018, 09:33:16 am »
Thanks for the reply, but I do not understand. The liquidation price set at that time was much better, why was the operation resolved at a lower price?

Offline xeroc

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Re: Error settling BitBTC
« Reply #3 on: October 16, 2018, 01:06:27 pm »
Thanks for the reply, but I do not understand. The liquidation price set at that time was much better, why was the operation resolved at a lower price?
Price feeds are beeing kept up to date so that in case the collateral covers the debt sufficiently (175%), the bitasset is automatically revived (BSIP18)
However, settlements are against the black swan price (the price at which the asset black swanned! Not the current price feed!
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Offline severo

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Re: Error settling BitBTC
« Reply #4 on: October 16, 2018, 08:30:20 pm »
Thanks, I did not know that there had been a black swan event in BitBTC. Nor that the feed price was not the real one.

The DEX should clearly warn of this type of circumstances, showing the actual status of a Smart Asset. It is not acceptable that the feed price shown causes confusion.

Offline Emadovesky

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Re: Error settling BitBTC
« Reply #5 on: October 24, 2018, 10:49:37 pm »
the same thing happened with me , there is no good reference for such info
hope it will be fixed soon

Offline xeroc

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Re: Error settling BitBTC
« Reply #6 on: October 26, 2018, 08:09:19 am »
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