Author Topic: [Poll] BSIP59:Reduce MCR of bitUSD to 1.6  (Read 8379 times)

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Offline alt

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I will not participate this voting because I am benefit related one.

Offline bitcrab

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now the bitUSD/bitCNY ratio is increasing, bitUSD is in more serious shortage and higher premium than bitCNY, I hope voters to vote for this proposal to help to encourage bitUSD supply.
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Offline bench

When lowering MCR for bitUSD, we should first consider raising MSSR to 2.5%. BitUSD has not the same liquidity as bitCNY, having the same parameter doesn't make much sense.
« Last Edit: May 02, 2019, 11:19:23 pm by bench »
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Offline bitcrab

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Based on BSIP59, https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 2 poll worker proposals have been created:

1.14.187   Poll - BSIP59 - Reduce MCR of bitUSD to 1.6
1.14.188   Poll - BSIP59 - Do Not Reduce MCR of bitUSD

The purpose of this change is to improve the liquidity and also the peg, at the time while bitUSD is in great shortage and premium.

The MCR of bitCNY has already been reduced from 1.75 to 1.6 and worked well up to now, it's also necessary to set MCR of bitUSD as same as bitCNY, otherwise more users would like to select to borrow bitCNY to lessen the liquidity of bitUSD。

Please vote according to your opinion.
« Last Edit: May 01, 2019, 02:43:49 am by bitcrab »
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