What happened to BitShares DEX??bitshareboy (41)in #bitshares • 5 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? #bitcoin #black #swan #crypto
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. 💀
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.