Author Topic: 2022-01-13 bitCNY bitUSD bitEUR bitRUBLE parameter adjustments (new BSRM & etc)  (Read 1868 times)

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Offline abit

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2022-01-13 bitAssets parameter adjustments

Reason:
The Mekong update (BitShares 6.x) is done, migrating to a new model.

bitCNY parameter update:
* ICR reduced from 185% to 175%
* BSRM adjusted from "global settlement" to "individual settlement to fund"
* Remove limitation on maximum supply
* Enable force settlements

bitUSD parameter update:
* ICR reduced from 300% to 135%
* MCR reduced from 150% to 125%
* Disable collateral bidding
* Remove limitation on maximum supply
* Minimum feeds adjusted to 2 so that price feeds will show on GUI normally
* Update price feed producers list
* no update on BSRM because bitUSD is already globally settled. Will update after revived. The revive price is around 0.06 USD/BTS

bitEUR and bitRUBLE:
* BSRM adjusted from "global settlement" to "individual settlement to order"
* Maximum force settlement volume per hour adjusted from 0.01% to 0.5%

--------------------
Current bitCNY parameters:

ICR (Initial collateral ratio) 175%
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%
BSRM (Black swan response method) : individual settlement to fund
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. No limitation on maximum supply.
Force-settlement is enabled.

--------------------------
Current bitUSD parameters:

ICR (Initial collateral ratio) 135%
MCR (Maintenance collateral ratio) 125%
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%
BSRM (Black swan response method) : global settlement
Minimum feeds 2
Price feed producers list:
1.2.183     hiquanta
1.2.14035   xn-delegate
1.2.35248   in.abit
1.2.738675  xbtsio-wallet
1.2.987999  zapata42-witness
1.2.1035733 syalon

Borrowing is enabled (but unable to borrow due to global settlement). No limitation on maximum supply.
Force-settlement is enabled.
« Last Edit: January 13, 2022, 04:29:11 pm by abit »
BitShares committee member: abit
BitShares witness: in.abit