Author Topic: Suggestions for making the bts system sound  (Read 129 times)

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Offline yamtt

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Suggestions for making the bts system sound
« on: November 02, 2018, 03:32:44 am »
Bts system can only be short after the feed price reform

You can do more and short before you reform.

Now that bitcny is stable, why not make a way to do more?
My method is to add the borrowing function to bitcny to bitcny lender interest.
The bitcny mortgaged by bts should be loaned according to the interest of the day like zb
The mortgage function of bts is the role of the printing machine rather than the interest-free loan.

Offline Customminer

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Re: Suggestions for making the bts system sound
« Reply #1 on: November 02, 2018, 03:10:32 pm »
Bts system can only be short after the feed price reform

You can do more and short before you reform.

Now that bitcny is stable, why not make a way to do more?
My method is to add the borrowing function to bitcny to bitcny lender interest.
The bitcny mortgaged by bts should be loaned according to the interest of the day like zb
The mortgage function of bts is the role of the printing machine rather than the interest-free loan.

This could be easily achieved by creating a bitasset which uses bitCNY as its backing collateral, then apply a x% increase against the reference price feed every year continuously, think HERO except backed by bitCNY instead of BTS. No need for any changes to the BTS DEX.

What % price feed appreciation per year were you thinking?
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Offline yamtt

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Re: Suggestions for making the bts system sound
« Reply #2 on: November 02, 2018, 06:11:02 pm »
I think this value between 1-0.1% is given by the lender

Offline yamtt

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Re: Suggestions for making the bts system sound
« Reply #3 on: November 02, 2018, 06:18:30 pm »
Bts system can only be short after the feed price reform

You can do more and short before you reform.

Now that bitcny is stable, why not make a way to do more?
My method is to add the borrowing function to bitcny to bitcny lender interest.
The bitcny mortgaged by bts should be loaned according to the interest of the day like zb
The mortgage function of bts is the role of the printing machine rather than the interest-free loan.

This could be easily achieved by creating a bitasset which uses bitCNY as its backing collateral, then apply a x% increase against the reference price feed every year continuously, think HERO except backed by bitCNY instead of BTS. No need for any changes to the BTS DEX.

What % price feed appreciation per year were you thinking?

I think this value between 1-0.1% is given by the lender
Of course, this value is flexible, lenders can set their own