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Title: [μ] Offering Opportunities to Short Mining Bonds Post by: friedcat on June 12, 2012, 02:17:10 PM It seems that the ASIC-related news and the flood of newly issued mining bonds make the demands for shorting mining bonds higher and higher. Here we provide some draft proposals as a broker. They are just very preliminary drafts, and are about to change.
Contract A: If you are a trustworthy forum member We provide these mining bonds for borrowing (updated when our asset changes) (to be filled) Interest Whenever the bond issuers of the corresponding bonds you borrow pay coupons, you should pay us 1.5x-2x (depending on specific contracts) of the coupons within 24 hours or 1x of the coupons within 24 hours plus 0.002BTC per MH/s per week. Repaying You just need to repay us the same amount of MH/s. You could choose the bonds below to repay us, they don't have to be exactly the same as what you have borrowed. GIGAMINING BITBOND YABMC (extending) If one or several of the bond issuers call back the bonds, you could choose to repay us the BTC equal to the price they use to recall the corresponding amount of MH/s. Transferring Fee of GLBSE We cover it. Contract B: If you are relatively new to the forum 1. If you want to short N MH/s of mining bonds, deposit 0.25*N BTC in the Bitcoin address we give you. 2. After t days, You could use N MH/s of real mining bonds to trade 0.5*N*(1-0.4%)^t BTC from us. The mining bonds should also be listed in the repaying section in Contract A. 3. We also cover the transferring fee of GLBSE. To μ shareholders We will raise a motion to request your allowance of us to do mining bonds shorting brokerage. Title: Re: [μ] Offering Opportunities to Short Mining Bonds Post by: Philj on June 12, 2012, 02:23:02 PM This sounds very interesting.
Title: Re: [μ] Offering Opportunities to Short Mining Bonds Post by: FreeMoney on June 12, 2012, 03:12:54 PM Paying a multiple of the dividend makes it a bit.. unnatural. I want to be short most mining bonds, but I'd actually like to lend shares if I could get 2x the dividend.
Weekly or monthly interest plus the dividend seems good to me. I've made two deals with terms like that. Title: Re: [μ] Offering Opportunities to Short Mining Bonds Post by: friedcat on June 13, 2012, 05:46:13 AM Paying a multiple of the dividend makes it a bit.. unnatural. I want to be short most mining bonds, but I'd actually like to lend shares if I could get 2x the dividend. Weekly or monthly interest plus the dividend seems good to me. I've made two deals with terms like that. Main thread changed to include the choice of paying weekly interest plus the dividend. The weekly interest is below 1%, being less than the typical interest rate in the lending forum. Title: Re: [μ] Offering Opportunities to Short Mining Bonds Post by: Bitcoin Oz on June 13, 2012, 09:46:56 AM +1
Can this be automated somehow or will you use a spreadsheet? Title: Re: [μ] Offering Opportunities to Short Mining Bonds Post by: friedcat on June 13, 2012, 11:04:23 AM +1 Can this be automated somehow or will you use a spreadsheet? It's possible to be semi-automatic but not full-automatic. I will use a spreadsheet first. |