Author Topic: 2020-10-04 Old bitCNY parameters adjustment  (Read 1165 times)

0 Members and 1 Guest are viewing this topic.

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 4664
    • View Profile
    • Abit's Hive Blog
  • BitShares: abit
  • GitHub: abitmore
Purpose:
to restore the peg of bitCNY in the long run and mitigate the issue that some debt positions' collateral is too low.

Changes:
MCR has been increased from 165% to 175%.

Current parameters:

ICR 245%
MCR 175%
MSSR 150%
MCFR (Margin call fee rate) 5%
FSO (Force settlement price offset) 2%
FSFP (Force settlement fee percent) 1%

The median feed price is 0.22 CNY/BTS.
Note: the ICR value 245% for feed price 0.22 effectively means 167% if the market price is 0.15.

Borrowing has been enabled earlier. The maximum supply is limited to 35,000,000 bitCNY.
BitShares committee member: abit
BitShares witness: in.abit