Normal market ---> simmetrical price , bearish market ---> fee on NBT buys ; bullish market ---> fee on NBT sells
Issue #910
new
idea @erasmospunk
Comments (2)
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- changed milestone to 0.5.1
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(random numbers for the sake of the example) BTC/USD pretty stable? buy @ 0.95$ : sell @ 1.05 BTC going down? buy @ 1$ : sell @ 1.10$ "you want to be protected from BTC price fall? This is called hedging and is risky for our provider, aka you should pay" BTC going up? buy @ 0.9 $ : sell @ 1$ "oh, so now you want to join the BTC rally and you want to dump your NBT? That way our provider won't benefit from btc rally. pay for it" Its an embronial idea, but to test it out the first thing I need is a way to distinguish a clear price spike, a price fall and a "normal" condition
This will make our peg slightly temporarily less centered in extreme market condition. However in a normal week period the effect should not even be visible .At the same time would protect our providers .