The Hertz ABA is now LIVE on the Bitshares DEX!
If you've not heard of Hertz yet, it's an Algorithm Based Asset (ABA - aka an MPA w/ an algo) readily available on the BTS DEX which is pegged to the USD, backed by BTS and has its price feed modified to oscillate using a sine wave with 14% amplitude and a 28 day period resulting in a settlement price range fluctuations between $0.86 and $1.14 depending on the current cycle position.
We previously had a minimum price feed count of 10 before activation, however this was reduced to 7 in order to activate now. This is justified by 9 active price feed publishers (only 1 inaccurate), other MPA on the BTS DEX using 7 minimum count (USD, HERO, etc..) and ongoing efforts to recruit several more price feed publishers in the near future.
So now that Hertz is activated, anyone can borrow it into existence & trade it on the BTS DEX!
Check out the HERTZ:BTS trading pairs!
Check out the whitepaper!
Actively publishing price feeds
A massive shout out to the following price feed publishers, thanks for supporting Hertz!
wackou, delegate.ihashfury, verbaltech2, roelandp, taconator-witness, blckchnd, sahkan-bitshares, sc-ol, fox.
| Properties of Hertz (Hz) | Smartcoin settings |
|---|---|
|
Amplitude: 14% Period: 28 days Daily price feed change: 2% per day Max price feed rate: $1.14 Min price feed rate: $0.86 |
Maintenance collateral ratio (MCR): 200% Maximum short squeeze ratio (MSSR): 110% Max feed lifetime: 1440 Delay for forced settlements (minutes): 1440 Percent offset of forced settlements: 1% Min number of feeds: 7 |
RE: 🔊BitShares Hangout #62 | 2018-3-10 | Sat @200PM UTC | OpenSource Agenda [Beyondbit Raffle Powered by SP!]