Author Topic: bitUSD price feed discussion (blackswan revival)  (Read 1076 times)

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Offline abit

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Adding these price feed producers who will feed real prices:
* syalon
* hiquanta
* clone
* xn-delegate
* xbtsio-wallet
* nexus01

Removing the following due to outdated feeds:
* clockwork
« Last Edit: October 25, 2020, 03:13:18 pm by abit »
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Offline abit

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Since bitUSD has been globally settled, and likely won't revive anytime soon, we got some time to discuss how to deal with the price feeds and test new rules without messing up the market.

The global-settlement price was 0.0345 USD, the MCR is 150%, so bitUSD will only revive if median price feed exceeds 0.05175 USD.

The threshold was to prevent some debt positions from being margin called. Since all  debt positions have been closed, IMHO it no longer makes sense to have a threshold, but better start feeding real market price.

Please discuss what to do next.

The price feed producer list of bitUSD has been updated to [clockwork] only who are feeding real market price. The list will be adjusted as the discussion goes on.

Another related thread in Chinese: https://bitsharestalk.org/index.php?topic=32702.0
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