Author Topic: 2022-01-05 bitCNY parameter adjustment: ICR reduced to 195%  (Read 1912 times)

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Offline abit

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2022-01-05 bitCNY parameter update: ICR reduced from 210% to 195%

Reason:
To prepare for the Mekong update (BitShares 6.x) and migrate to a new model smoothly.

Current parameters:

ICR (Initial collateral ratio) 195%
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%
Minimum feeds 3
Price feed producers list:
1.2.183     hiquanta
1.2.35248   in.abit
1.2.987999  zapata42-witness
1.2.1031601 btspp-witness

Borrowing is enabled. The maximum supply is limited to 30,000,000 bitCNY.
Force-settlement is disabled.
BitShares committee member: abit
BitShares witness: in.abit