https://github.com/bitshares/baips/issues/22BAIP5: Set force_settlement_offset of bitCNY from 2% to 5%
I suggest to set force_settlement_offset of bitCNY to 5%, maybe should incloud bitusd and biteur.
I (or appointed other committee) will propose a committee proposal to set force_settlement_offset of bitCNY to 5%.
Why we should set force_settlement_offset of bitCNY to 5%?
1. force_settlement_offset didn't have help for bitasset discount;
When a person finished a force settlement, he will make a market order which is a little higher than the market price, he will not chose to dump in the market directly, this is a very simple trade Logic.
2. A market can't maintain high discount under a normal conditon, the price will fall back into the normal price point by the self-regulation of market, currency arbitrage, these will lock the liquidity of bitasset, force the the discount into a normal level.
3. Force settlement is another form of planned economy.
A lower force_settlement_offset is disrupting the market directly, this is a performance of planned economy.
Most of the fund is taking the advantage of the market loopholes to kill the new and normal users, didn't flow into the normal transaction, this is not healthy.
Big holder of bitasset can destroy the market and debtor easily with a fixed and lower force_settlement_offset.
We can check biteur and bitcny.
4. DAI and USDE can "anchor" healthy without force settlement, all we should think about these.
https://oasis.app/trade/market/WETH/DAI https://www.pizzadex.io/?pair=usdt2usde5. 5% offset will maintain until some new mechanism of force settlement is available.
may be:
https://github.com/bitshares/bsips/issues/160
https://github.com/bitshares/bsips/issues/2606. Why it is 5% not other "parameters", as we have 5% offset for a long time(about 11/01/2017-08/08/2019) , didn't have any big problem.
Related discussion:
https://bitsharestalk.org/index.php?topic=32075.0Interfering factor:
BSIP76:https://github.com/bitshares/bsips/issues/221
BAIP 2:
https://github.com/bitshares/baips/issues/4and i suggest to make BAIP 2 to track the current market price more quickly, but this will be another post.
https://github.com/bitshares/baips/issues/18https://github.com/bitshares/baips/issues/7https://bitsharestalk.org/index.php?topic=32120.15