As a user I'd like that force-settlements are matched with margin calls with conditions:
no need to wait for the force-settlement delay when margin call appears
match price is in favor of force-settle orders, i.e. at current_feed_price.settlement_price / (MSSR-MCFR)
if filling at the match price above would trigger a black swan event, fill at 100% CR price instead; after filled, if there are remaining debt in the margin call, trigger black swan event normally
no force-settlement fee charged in this case
the volume is not counted in the force-settlement volume per maintenance interval
the matching takes place after processed limit (buy) orders with better price
sell orders whose price are lower than margin calls won't be matched with force-settlements, because force-settlement are meant to improve overall collateral ratio.
Impacts
Describe which portion(s) of BitShares Core may be impacted by your request. Please tick at least one box.
[ ] API (the application programming interface)
[ ] Build (the build process or something prior to compiled code)
[ ] CLI (the command line wallet)
[ ] Deployment (the deployment process after building such as Docker, Travis, etc.)
[x] DEX (the Decentralized EXchange, market engine, etc.)
[ ] P2P (the peer-to-peer network for transaction/block propagation)
[ ] Performance (system or user efficiency, etc.)
[x] Protocol (the blockchain logic, consensus, validation, etc.)
[ ] Security (the security of system or user data, etc.)
abitmore
commented
3 years ago
User Story
As a user I'd like that force-settlements are matched with margin calls with conditions:
current_feed_price.settlement_price / (MSSR-MCFR)Impacts Describe which portion(s) of BitShares Core may be impacted by your request. Please tick at least one box.
CORE TEAM TASK LIST