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@bisq-network improvement proposals
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BSQ trading fee update on Cycle 20 #291

Closed MwithM closed 3 years ago

MwithM commented 3 years ago

This proposal keeps a record of the process to keep the BSQ trading fee at 50% discount to BTC trading fee. It will remain open until we need to update BSQ trading fees again.

Link to last issue: #284

Cycle 20

Parameters (see issue)

It's necessary to update BSQ trading fee on Cycle 20.

imagen

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting: New BSQ maker fee: 11.56 New BSQ taker fee: 80.95

The 15% cap increase has been used. With today's prices and if this proposal is accepted, Bisq will still be offering a 61.5% discount for trading fees when paying in BSQ over paying in BTC. This should stimulate BSQ burning and help to organically bring it back to the desired 50% discount rate. Although BSQ is lagging against BTC, USD/BSQ price is getting back to the 1BSQ-1USD rate used at DAO genesis.

MwithM commented 3 years ago

Maker update parameter proposal TXID: 36a3d069b3762c718c3ae01bfe22ad053de107bdc0e523cae83c23a1e9addddb Taker update parameter prposal TXID: 1f6a761e62760609a3de6cde6c3533949246b6e2f0518f729e5b4c9f384fb7dd

MwithM commented 3 years ago

DAO voting for this proposal to change parameter at Cycle 20 failed. Closed as moved, a new proposal will be submitted for next cycle. Exceptionally, cap will be raised to a 30% increase.