Author Topic: 2020-11-22 Old bitCNY parameters adjustment  (Read 178 times)

0 Members and 1 Guest are viewing this topic.

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 4516
    • View Profile
    • Abit's Hive Blog
  • BitShares: abit
  • GitHub: abitmore
2020-11-22 Old bitCNY parameters adjustment
« on: November 22, 2020, 10:32:03 am »
Purpose:
to encourage traders to use the order book and the AMM liquidity pools.

Changes:
Disable force-settlement.

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.
Force-settlement is disabled.
BTS account: abit
BTS committee member: abit
BTS witness: in.abit