I really don't get it..Why something like that will drive you away from bts and not the other way around? Do you realize that if you have 1,000 bitusd in your account constantly for 1 year you will receive c$202 open.usd in the end of the year and in order for you to receive that the only thing is to take 45,000 bts from the reserve pool and convert them in open.usd? People are getting paid 45,000 daily from the reserve pool for other silly things that don't help bitshares so much... Where is the risk in that? Your only risk is Openledger to run insolvent and the pool to lose 45,000 which if openledger runs insolvent in the current status of bitshares your bts will most probably lose A LOT OF VALUE!

I haven't dig to much into steem but I recently decided to hold some steemdollars just because I earn some interest. And even if steemdollar is at 80-85 cents now, I believe that at some point it will be again above $1 and I will be able to convert them to fiat usd if need be without losing anything and having earned a big interest. 
Imagine now this in bitusd which has historically proved to be very close to the peg and most of the times 5-10% above peg. 
Seriously I don't understand your fears with this easy and straight forward proposal...

I think that we need to give incentives to holders more than to shorters. If people want to hold, then people will short not the other way around. I think you guys forget that there are people out there (including myself) leaving in defaulted countries with no trust at all on their banking system. There are many people out there who want to be able to save their money away from the banking system, and if this system provides them with interest they will save their funds there.
For what is worth I currently do not hold a single bitasset  (except some small amount of steemdollars since they pay interest) and just bts. So it is in my favor to earn interest in bts. I believe bts is way undervalued and I don't want to sell any bts at these levels for any bitusd or biteur. Irrespective of that I think the right and normal thing to do is to earn interest in the form of open.xxx assets and then the holder of those open.xxx can convert to bts, bit.asset , fiat or whatever he wants.  
Now if I knew that I amy receive high interest of 20% in my bitasset holdings, since I am afraid of the current banking system, I would definitely consider transfer some funds from my bank account to bitassets especially since I will be partly covered 20% by other external IOU assets such as open.usd... 
Please people reconsider..We are talking about very small amounts from the reserve pool that can actually can make a huge difference.

1. Why Open.xxx?
To avoid further complications with short selling the bitassets into existence. To avoid the short selling process for the creation of the bit.xxx assets to be created using the pool reserves funds and the need to block bts collateral. I don't think that the pool reserves should be used for the bitasset creation.Users should create bitassets according to the real demand for those assets.
I think it is easier to just sell those bts for the 10% annual interest needs of the main bitassets in external exchanges that have liquidity, polo, btc38 (we can sell 9 mil bts equal to $40-$42k in those exchanges easily within a day if need be) and then convert easily those btc, cny, usd to Open.xxx assets. I say Open.xxx assets since Open.ledger supports the bts wallet. Then reward the interest in Open.xxx asset to the bit.xxx asset holders. The users can then change if they don't like the Open.xxx asset to anything they want (bit.xxx, polo.btc, fiat whatever)

2. How would you calculate interest?
bit.xxx daily balance X 10% X 1/ 360. That is the calculation of the daily interest which to avoid too many transactions can be posted on a monthly basis or whenever there is a transaction.

3. How would you pay interest? Somebody would be doing it manually?
I am sure that someone from all these smart people in bitshares community,someone can write a simple code to do this process automatically..:) 

In reality I would go as far and say that we should sell c$80k worth of bts from the pool reserve that is 20% annual interest based on the current bit.xxx assets supply. If the bitassets market cap goes to $800k we reduce the interest to 10% if they go to $1.6 mil market cap we reduce the interest to 5% and so on...
If we manage by advertising this to increase the DEX trading, people's involvement with the DEX, advertise the huge interest that bitassets holders receive, maintain the pegs which historically have been quite good and we increase the bitasset supply to a couple of millions then bts market cap will be x10 of what we see now. Hence next we can use much lesser bts from the pool to buy the Open.xxx assets to reward with huge interests the bit asset holders..

I feel that either I just had an epiphany today or I am saying something really wrong here so someone should correct me...But I think that something like this has never been implemented because all these years we discuss the interest to be in a form of a bit asset instead of in a form of an external IOU.asset such as Open.xxx and with this way everyone benefits...

Why not make the interest in BTS??

I agree that bond market is another question. In the meantime instead of just waiting and looking our bts investment falling day by day for the last 2 years I think something needs to be done. 

bitshares market cap will never increase if the supply of bitassets doesn't increase as well. I don't know if you guys remember but when we had $1 mil bitassets supply, bitshares market cap reached $70-$85 mil range. Therefore we need to find incentives for people not only to create bitassets but also to hold bitassets. One incentive is a high deposit interest. 
I don't understand why buying $40k - $80k for 1 year Open.xxx bit assets is considered a risk..Seriously?? Do you think that if Open.ledger runs insolvent bitshares will run into trouble for losing $40-$80k open.xxx assets using $10 mil - $20 mil bts balance from the reserve pool? I am pretty sure that in case of Open.ledger insolvency bts will run into much more trouble since a lot of people hold much more money than$80k in Open.xxx assets in their openledger wallet. $40 - $80k is insignificant  people!! And in reality doing it steadily when bts increase in value we will not even need to use $10 mil bts but much less.

But with only $80k one off purchase (which I don't even propose that but steadily within a year) you can give 20% deposit interest to bitasset holders! We are talking about $80k value in Open.xxx assets divirsified to 1,000 bitassets accounts holders...Not only this is not a risk but rather a hedge in case the bitasset peg is not 100% pegged after 1 year. Those people will have their bitassets and 20% of this value will be covered in the form of interest by an external asset over the one year period.
Don't you realize the marketing advantage of something like that? Hold bitshares and earn high interest on deposit. If bitasset supply goes from $400k to $800k earn 10% etc.. 

Why there will be no shorters? If the demand for bitassets increase (which will definitely increase if you reward them with high interest) then more shorters will come into play to create those bitassets...I really don't follow your logic here.