From a2da44e83bb1a8ad6d1e5d6e6d41410d4a0bb1aa Mon Sep 17 00:00:00 2001
From: thul3 <34402322+thul3@users.noreply.github.com>
Date: Sat, 20 Jun 2020 04:51:03 +0200
Subject: [PATCH] 0008

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+BAIP: 0008 Title: Reduce of price threshold by 30% for bitcny Authors: b-dex Status: Accepted Type: Consensus Created: 2020-06-20
+
+
+Abstract
+
+The purpose of this proposal is to get bitcny full pegg back and make bitshares dex back attractive to traders
+
+
+Specification
+
+Bitcny and Bitusd has been put a price feed threshold to stop the negative effects of price manipulations on CEX.
+Since then volume and interrest on trading on these both bitassets have sunk dramaticly.
+To get back interest for the bitcny there is an opportunity to get the pegg back by reducing the threshold by 30%.
+Currently all debtors who are shorting bitcny have a CR of 2.6 or higher.
+This means reducing the threshold by 30% their CR will fall to 1.8.
+There will be no margin calls and noone is going to lose a single BTS.
+This way bitcny gets back its full value and the market gets attractive again to be used for trading.
+BitUSD has currently not the opportunity because their CR is way lower than at bitcny debtors.
+
+
+Operation
+3 days after getting the BAIP proposal approved all witnesses change at 10 pm UCT time the price feed threshold for bitcny from
+0.22 bitcny/bts to 0.154 bitcny/bts.