BitCNY Force settlement offset still at 5%?
Back in November we were told that adjusting the Force settlement offset to 5% from 1% for BitCNY would be a temporary measure while feed prices were sorted out. Yet here we are almost 2 months later and it's still at 5%. see here: http://cryptofresh.com/a/CNY
In my opinion it's pretty reckless to be so relaxed about such a fundamental change the settlement peg.
If we want people to trust our stablecoins they'll need a history of consistency to make it trustworthy.
5% offset was acceptable as a short term emergency fix but the fact nobody seems to care its still at 5% 2 months later is a big worry for me.
1 BitCNY should not be pegged at 0.95 BitCNY