search

bisq-network / proposals

@bisq-network improvement proposals
https://bisq.wiki/Proposals
44 stars 16 forks source link

BSQ trading fee update for Cycle 34 #372

Closed MwithM closed 2 years ago

MwithM commented 2 years ago

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

Last update was #357

I did a mistake and an update was required for Cycle 33, thus the extreme discount and fee raise now.

Cycle 34

Parameters (see issue)

image image

It's necessary to update BSQ trading fee on Cycle 34.

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting: New BSQ maker fee: 19.41 BSQ per BTC. New BSQ taker fee: 142.33 BSQ per BTC.

BSQ trading fees are calculated using the new values proposed at https://github.com/bisq-network/proposals/issues/365. Discount target is 60% and should be adjusted back to exactly 60% every cycle if it's not within the 55-65% range.

MwithM commented 2 years ago

Maker: 6598e3d26925951e04184c5e19522b48ce5f7cd6c607b2f3f2ff8eb9227d88af Taker: 8394570a7e7df1755c6556c9ab3802b44296e61c042a053b3bd8428e97c290c5

MwithM commented 2 years ago

Proposal was rejected due to lack of quorum, parameter changes need at least 100.000BSQ to be accepted.

ripcurlx commented 2 years ago

Damn - I missed the voting this time because of personal issues 🤦