New Baip

I propose a derivative asset of bitCNY that has the added benefit of not permitting short force settlement. This will promote a more stable equilibrium for smart asset circulation.

A BitShares Prediction Market I created provides this: CNY2020.

Note, this in effect serves as a bond for bitCNY with no yield (now). Using typical smart asset parameters different financial products could be created.

This proposal seeks to achieve stability and accessibility for the BitShares blockchain. Thank you for your consideration.

Start by reviewing the proposal for a bitCNY derivative and the referenced CNY2020 BitShares Prediction Market. Clarify the intended smart-asset parameters, how short force settlement would be prevented, and whether the desired outcome is a formal BAIP or an implementation. Done requires an accepted, sufficiently specified proposal or an explicitly scoped implementation plan.

Written by the indexing model from the issue text.