Could I quickly draw attention to a new BSIP discussion? "Backing a Market Pegged Asset with multiple assets as collateral"

Mentioned in this week's Bitshares report.

Side note - Did you know that UIA can be used as backing collateral for MPA soon? It's always been possible via the CLI, now it'll be possible via the GUI.

Motivation

• Currently you can only configure one asset (BTS, UIA or MPA) as the backing collateral for an MPA, so if you want to back an USD MPA with a BTC UIA then you need to do this on an individual gateway basis which would result in many identical purpose MPA.
• Current smartcoin supply is dwarfed by the marketcap of USDT, we need to think of ways of increasing supply of MPA such as multi-asset backing to attract shorters from other cryptocurrencies.

Rational

• If multi-asset backed MPA is successful in generating a large supply then its use on the BTS DEX would provide fees to the reserve pool and attract a lot of new users to the BTS DEX.
• Settling the MPA for an index of crypto assets would be a relatively simple method of exchanging FIAT into an instant crypto portfolio.