Further HERTZ updates!
HERTZ is an upcoming Algorithm Based Asset (ABA) which is an market pegged asset (MPA) with a formula which modifies the price feed to oscillate using a sine wave. Want to know more?
Price feed script changes
- Created a price feed verification script! Using this, I was able to confirm that the phase was correctly set & Wednesdays line up as the primary Hz day for the next 10 years.
- Created dedicated python functions for improved dynamic use. Anyone can fork the price feed scripts, change these values and begin publishing price feeds for your issued ABA.
- Pushed updates to Xeroc & Wackou's price feed script PRs.
Spreadsheet changes
- Improved timestamp accuracy (now accounts for change in period)
- Applied new default variables
- Included proof of phase validity (10 years of wednesdays with only values 0.5, 1.0 & 1.5).
Variable changes
- Amplitude = 1/3 (No longer 1/2)
- Period = 28 days (No longer 30.43, to line up with the typical work week).
- Phase = < 1 day (To make wednesday the primary Hz day).
Community updates
- I've spoken during the last two (40 & 41) bitshares hangouts about HERTZ.
TODO
- Poll multiple full nodes for the BTS/USD settlement price, so as to harden script from compromised nodes.
- Find willing high-frequency (at least a couple times per day) price feed publishers.
- Improve upon the hertz-verification.py script
- Output charts within the script.
- Possibly pull BTS historical data to plot how HERTZ would have faired against past price movements.
- Further consider the amplitude value (still too high?)
- Run initially in Bitshares testnet.
- Wait for BSIP-0018 to go live prior to running HERTZ asset in production.
If you have any questions, please do reply below :)
Best regards,
@cm-steem
Awesome work @cm-steem
This will be a great addition to the tools available to us and many others who will enjoy using it. I am keen to see how well it will go and looking forward to seeing it used or using it myself.
good timely updates, it's essential for any program to run smoothly, i resteemed this post to my follwers too.
Hertz is another promissing token need to be listed in your watch list.
Good Work...
Why not?!?
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