Author Topic: ANN: HONEST Market Pegged Assets  (Read 3344 times)

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Offline litepresence

Re: ANN: HONEST Market Pegged Assets
« Reply #15 on: February 15, 2020, 08:56:00 pm »
All five HONEST MPA's have had "permissions" updated; H.XAG, H.XAU, H.BTC, H.USD are all now setup like H.CNY, meaning:

NO OWNER PERMISSIONS EXCEPT "MARKET FEE"

Apologies for the delay, we were discussing each of these internally; once you give them up they're gone forever.

Offline bench

Re: ANN: HONEST Market Pegged Assets
« Reply #16 on: February 16, 2020, 12:03:15 am »
All five HONEST MPA's have had "permissions" updated; H.XAG, H.XAU, H.BTC, H.USD are all now setup like H.CNY, meaning:

NO OWNER PERMISSIONS EXCEPT "MARKET FEE"

Apologies for the delay, we were discussing each of these internally; once you give them up they're gone forever.

Yeah, this makes the HONEST.Assets even a bit more honest.
Be part of the change and vote for the bitshares-vision proxy!

Offline litepresence

Re: ANN: HONEST Market Pegged Assets
« Reply #17 on: March 14, 2020, 03:46:57 pm »
Binance CEX
BTC:USDT
https://cryptowat.ch/markets/binance/btc/usdt/4h


BitShares DEX
HONEST.BTC:HONEST.USD MPA
https://staging.bitshares.org/#/market/HONEST.BTC_HONEST.USD


BitShares DEX
bitBTC:bitUSD
https://staging.bitshares.org/#/market/BTC_USD


all charts are 4h candles FEB 1st to present

Why are HONEST mpa markets holding such a tight peg
and committee controlled bitassets failing so miserably?


bitUSD plutocracy
Code: [Select]
Maximum short squeeze ratio         1010     means force settle 1% under market rate
Force settlement delay              24h      with full day of delay before settlement
Max force settle vol                0.5%     means very little gets force settled per 24h period

HONEST.USD noocracy
Code: [Select]
Maximum short squeeze ratio         1250     force settlement occurs 20% below market rate
Force settlement delay              1h       within 1 hour
Max force settle vol                100%     within 4 hours all bad debt is settled or on the books

« Last Edit: May 12, 2020, 01:40:37 pm by litepresence »

Offline binggo

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Re: ANN: HONEST Market Pegged Assets
« Reply #18 on: March 14, 2020, 07:33:13 pm »
“以管窥天,以蠡测海,以莛撞钟,岂能通其条贯,考其文理,发其音声哉。"

You are too young, too native.
« Last Edit: March 14, 2020, 07:35:58 pm by binggo »

Offline binggo

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Re: ANN: HONEST Market Pegged Assets
« Reply #19 on: March 23, 2020, 01:38:10 am »
@litepresence

Why you not to make a proposal for bitUSD and unlock the feed price of bitUSD?I think this proposal will get lots of voting.

or chose a team from committees and wittness to manage bitUSD who you or the holder of bitUSD think is suitable, what do yo think? :)

Offline R

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Re: ANN: HONEST Market Pegged Assets
« Reply #20 on: March 28, 2020, 01:21:23 pm »
@litepresence

Why you not to make a proposal for bitUSD and unlock the feed price of bitUSD?I think this proposal will get lots of voting.

or chose a team from committees and wittness to manage bitUSD who you or the holder of bitUSD think is suitable, what do yo think? :)
Honest assets were created in response to bitassets becoming fully fraudulent. You're delusional if you think anyone's going to spend any time on repeatedly proven scam coins.

Offline chigbolu

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Re: ANN: HONEST Market Pegged Assets
« Reply #21 on: April 06, 2020, 10:27:29 am »
@litepresence
I suggest the smart coins should be added to the market maker contest even if it's one pair, this may help with liquidity and incentivize people to consider holding the Honest asset.... As currently liquidity and awareness is still poor... 🤔🙄

Offline litepresence

Re: ANN: HONEST Market Pegged Assets
« Reply #22 on: May 12, 2020, 01:15:29 pm »
In consultation with the HONEST MPA development group, we've made changes to asset options to discourage use of Forced Settlement for trivial gains.   This change should allow borrowers the opportunity to take a debt position, sell short, and be briefly in the red without risk.
 

MPA ADMIN ASSET OPTIONS UPDATE

on all HONEST MPA's

FSO (offset) is 2%
FSD (delay) is 60 minutes


Theory:

Borrower seeks to issue HONEST MPA to himself at RED and sell short with intent to buy back at GREEN.   Even though the borrower is correct to short the market in the long run; there is a brief moment of loss at BLUE where he can be attacked by Force Settlement mechanics.   2% FSO should protect the nascent call position from this market exploit, allowing for the borrower to correctly bet against the market in the long run; thereby increasing monetary supply.


Prior to this change FSO was 0%.  FSD was 60 minutes for most of the HONEST MPA's; a few were inadvertently set to 240.  All FSD's have now been updated to 60 minutes. 

While we are generally very hesitant to make changes to asset mechanics; preferring monetary policy stability wherever possible:  There has been ongoing community call to make this change, with poll sentiment of over 80% calling for FSO>0.   

Poll results from telegram groups:



« Last Edit: May 12, 2020, 04:08:16 pm by litepresence »

Offline chigbolu

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Re: ANN: HONEST Market Pegged Assets
« Reply #23 on: May 12, 2020, 02:19:19 pm »
In consultation with the HONEST MPA development group, we've made changes to asset options to discourage use of Forced Settlement for trivial gains.   This change should allow borrowers the opportunity to take a debt position, sell short, and be briefly in the red without risk.
 

MPA ADMIN ASSET OPTIONS UPDATE

on all HONEST MPA's

FSO (offset) is 2%
FSD (delay) is 60 minutes


Theory:

Borrower seeks to issue HONEST MPA to himself at RED and sell short with intent to buy back at GREEN.   Even though the borrower is correct to short the market in the long run; there is a brief moment of loss at BLUE where he can be attacked by Force Settlement mechanics.   2% FSO should protect the nascent call position from this market exploit, allowing for the borrower to correctly bet against the market in the long run; thereby increasing monetary supply.


Prior to this change FSO was 0%.  FSD was 60 minutes for most of the HONEST MPA's; a few were set to 240.  All FSD's have now been updated to 60. 

While we are generally very hesitant to make changes to asset mechanics; preferring monetary policy stability wherever possible:  There has been ongoing community call to make this change, with poll sentiment of over 80% calling for FSO>0.   

Poll results from telegram groups:



From the poll result it should be 1%

Offline litepresence

Re: ANN: HONEST Market Pegged Assets
« Reply #24 on: May 12, 2020, 03:51:22 pm »
From the poll result it should be 1%

There were 81% voting for change.
When you consider the weighted average its 1.46 (assuming >3 means 4).   
When you consider weighted average of the super majority voting other than zero; its 1.81
If you consider those who voted > 3 as potentially seeking more than 4:  Then 2 is quite plausibly the weighted sentiment.

It was a non anon poll as we certainly consider weight of opinion; so there is also that.

Also, considered heavily was technical analysis of daily candles in python simulation for Average True Range Percent (ATRP)(ATR%).   You can plot BTSUSD binance ATR at tradingview and ATRP if you have an account there.
https://www.tradingview.com/symbols/BTSUSD/?exchange=BINANCE

https://www.investopedia.com/terms/a/atr.asp
https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/atrp

The aim is to achieve desired effects of allowing the red shorter to avoid the blue force settler in pursuit of the "ten day trending outlook" at green.  Admittedly, no matter how you spin it, there is a degree of shoot from the hip in any arrangement involving fine tuning of an MPA's parameters.   2% seems like a solid compromise after a few days of reviewing relevant data.

You'll note I initially voted 0% in the poll myself. I have been swayed both through other's rhetoric, thoughtful consideration of data, and ongoing contemplation of game theory. 

« Last Edit: May 12, 2020, 04:10:04 pm by litepresence »

Offline chigbolu

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Re: ANN: HONEST Market Pegged Assets
« Reply #25 on: May 18, 2020, 03:24:15 pm »
The GDEX.BTC/HONEST.BTC market is currently not functional thanks to the new whitelisting rules

Offline litepresence

Re: ANN: HONEST Market Pegged Assets
« Reply #26 on: May 20, 2020, 02:30:39 pm »
RUDEX has whitelisted all HONEST MPA's

thanks Dima


Offline litepresence

Re: ANN: HONEST Market Pegged Assets
« Reply #27 on: May 20, 2020, 03:17:18 pm »
The GDEX.BTC/HONEST.BTC market is currently not functional thanks to the new whitelisting rules

unfortunate, we've been supporting GDEX.BTC via sceletus ops since the beginning







we will shift our sceletus ops to RUDEX.BTC

Online bitcrab

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Re: ANN: HONEST Market Pegged Assets
« Reply #28 on: May 21, 2020, 03:12:13 am »
GDEX has whitelisted all HONEST MPAs.
Email:bitcrab@qq.com