BitShares: bitXCD can be shorted now

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The Eastern Caribbean Dollar - bitXCD - can now be shorted into existence.

This is a unique SmartCoin, because it is not backed by BTS but by bitUSD, as a 2nd level SmartCoin.

bitXCD does not bear the same risks as other SmartAssets, it's Feed Price is fixed to $0.3704 per 365 days Why? No idea, ask the Caribbeans

As consequence the minimum collateral is 1.001, and the fixed feed protects shorters from being margin called on bitXCD.


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BitShares: bitXCD can be shorted now | Ecency