What happened to BitShares DEX??

in bitshares •  6 years ago 

It looks like everyone’s margin got called (including mine) and now I’m unable to do any more margins, I’m getting some error.

Did a black swan happen or something?

What the heck happened?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Yes, black swan or global settlement or whatever you wanna call it - BitUSD got rekt. Very heavy blow for Bitshares.

When will we be able to borrow bitUSD again?

I was sitting in a "safe" zone, but that did not help. 💀

  ·  6 years ago (edited)

There was nothing you could do. You could have been at 10:1 collateral ratio, your debt would have been settled nevertheless. Global settlement.

Yeah, I know. But this is the case when knowing something does not help much. 😂

Just BitUSD right now, you can still borrow bitCNY and Hertz

Cool. When can you borrow bitUSD again after a black swan happens?

You can read it in this post Detailed mechanism of global settlement (black swan) and reviving of bitAssets. From what I understood 24h.