Author Topic: 2020-11-21 Old bitCNY parameters adjustment  (Read 55 times)

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Offline abit

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2020-11-21 Old bitCNY parameters adjustment
« on: November 21, 2020, 04:59:47 pm »
Purpose:
to maintain the peg of bitCNY in the long run and mitigate a potential issue that some debt positions' collateral ratio becomes too low.

Changes:
ICR (Initial collateral ratio) adjusted from 180% to 210%, then adjusted to 240%

Current parameters:

ICR (Initial collateral ratio) 240%
MCR (Maintenance collateral ratio) 160%
MSSR (Maximum short-squeeze ratio) 105%
MCFR (Margin call fee rate) 3%
FSFP (Force settlement fee percent) 3%
FSO (Force settlement price offset) 2%
Force settlement delay 24 hour
Maximum force settlement volume per hour 0.5%
Price feed threshold 0.12 CNY/BTS (temporary)
Price feed producers list: in.abit only (temporary)
Minimum feeds 1 (temporary)

Borrowing is enabled. The maximum supply is limited to 20,000,000 bitCNY.
« Last Edit: November 21, 2020, 05:12:33 pm by abit »
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