BitShares · interactive mechanism simulation

Shorters lock BTS collateral to mint bitUSD against a witness price feed. Crash the BTS price and watch the aggregate collateral ratio slide toward margin calls and, eventually, global settlement (the 2018 "black swan").
Shorters open positions BTS collateral vault ratio: 200% bitUSD supply 0 bitUSD Witness price feed BTS $1.00 Global settlement peg: holding bitUSD holders trading on DEX
Positions minted
0
bitUSD supply
0
Aggregate collateral ratio
—
Margin calls
0
Parameters — edit me
$1.00
200%
150%
1.0/s
Controls

Illustrative simulation. Defaults mirror BitShares' bitAsset design (~200% initial collateral, ~150% maintenance ratio, price feed from witnesses, forced/global settlement below the threshold) but position sizes and timing are randomized for visualization — not live onchain data. Drag the BTS price down or click "Trigger black swan" to reproduce the December 2018 bitUSD global settlement. Part of The Onchain Experiment Atlas.