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BSQ trading fee update on cycle 67 #472

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MwithM opened this issue Feb 14, 2025 · 4 comments
Open

BSQ trading fee update on cycle 67 #472

MwithM opened this issue Feb 14, 2025 · 4 comments
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a:proposal https://bisq.wiki/Proposals re:parameters

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@MwithM
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MwithM commented Feb 14, 2025

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 #471

Cycle 67

Parameters (see issue)

  • USD/BTC price: 97.100
  • USD/BSQ price: 2.15
  • Current BSQ discount: 60.7%

Image
Image

It's necessary to update BSQ trading fee as current discount is not between the 40-60% target.

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee: 33.94 BSQ per BTC.
New BSQ taker fee: 260.17 BSQ per BTC.

BSQ trading fees are calculated using the values proposed at #415.

@suddenwhipvapor suddenwhipvapor added a:proposal https://bisq.wiki/Proposals re:parameters labels Feb 14, 2025
@MwithM
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MwithM commented Feb 15, 2025

̶C̶u̶r̶r̶e̶n̶t̶ ̶f̶e̶e̶s̶ ̶o̶n̶ ̶t̶h̶i̶s̶ ̶p̶r̶o̶p̶o̶s̶a̶l̶ ̶w̶e̶r̶e̶ ̶w̶r̶o̶n̶g̶ ̶a̶s̶ ̶t̶h̶e̶ ̶p̶r̶e̶v̶i̶o̶u̶s̶ ̶u̶p̶d̶a̶t̶e̶ ̶w̶a̶s̶ ̶n̶o̶t̶ ̶a̶c̶t̶u̶a̶l̶l̶y̶ ̶i̶m̶p̶l̶e̶m̶e̶n̶t̶e̶d̶.̶ ̶T̶h̶e̶r̶e̶ ̶i̶s̶ ̶n̶o̶ ̶n̶e̶e̶d̶ ̶t̶o̶ ̶u̶p̶d̶a̶t̶e̶ ̶t̶r̶a̶d̶i̶n̶g̶ ̶f̶e̶e̶s̶,̶ ̶c̶u̶r̶r̶e̶n̶t̶ ̶p̶a̶r̶a̶m̶e̶t̶e̶r̶s̶ ̶a̶r̶e̶ ̶t̶h̶e̶ ̶o̶n̶e̶s̶ ̶u̶s̶e̶d̶ ̶s̶i̶n̶c̶e̶ ̶c̶y̶c̶l̶e̶ ̶6̶4̶.̶

@MwithM MwithM closed this as completed Feb 15, 2025
@MwithM
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MwithM commented Feb 15, 2025

While what happened gets clarified, I'm proposing new parameters, as I think they're good for the current prices.

Maker (33.94): 14cbe293154e580d9d73dcf8d869c67ad34143b0bdd2561449b3bfd30262604a
Taker (260.17): 6ff0c5f87e887543828ff7aebdf1bd47e88562ee22e55519bac4cccfcd3d0178

@MwithM
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MwithM commented Feb 15, 2025

I'm sorry, I know what happened: the update for last cycle was not actually approved on the DAO. The proposal was not even submitted.
I thought I did, but I suppose I was confused with all the other proposals related to max trade amount reduction.

@MwithM MwithM reopened this Feb 25, 2025
@MwithM
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MwithM commented Feb 25, 2025

The proposal has been accepted. Wiki and filters have been updated.
This issue will be kept open until a new update is required.

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