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Warn user if bidding in far excess of a smartcoin's global settlement rate #3604

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grctest opened this issue Nov 30, 2022 · 0 comments
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@grctest
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grctest commented Nov 30, 2022

Is your feature request related to a problem? Please describe.

If I try to buy 1 bitBTC for 333,333 BTS/BTC, it gives me the following warning:

Your order is 3.17 times higher than the lowest ask, are you sure?

However, whilst the global settlement rate is only 41,373.60364 BTS , if I try to bid 140,056 BTS (the lowest illiquid ask), I won't be shown a warning that I'm effectively making a similar 300% bid on the value of the backing collateral.

Sure there's subtle indicators that bitBTC is in global settlement, the GS price in the top bar, the inability to borrow new BTC and the ability to immediately settle BTC in the sell box, however some users have expressed dismay at mistakenly bidding way over a rational rate tokens in this manner on the Bitshares DEX before.

Describe the solution you'd like
If an asset is in global settlement & the current market trading pair includes the backing collateral asset, then warn the user if they're creating a limit order far in excess of the value of the underlying backing collateral, similar to the current warning if bidding significantly over lowest ask.

Describe alternatives you've considered
More clear warnings that the user is bidding on a globally settled asset, rather than checking ratios on order, provide link to global settlement docs.

Additional context

Origin of issue justifying this feature request.

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