Difference between revisions of "Updating BSQ trading fees"
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In order to keep the BSQ [[trading fees]] discount mark of 50% against using BTC, Compensation maintainer will have to check and update BSQ fees every cycle, following this steps: | In order to keep the BSQ [[trading fees]] discount mark of 50% against using BTC, Compensation maintainer will have to check and update BSQ fees every cycle, following this steps: | ||
==== Update spreadsheet and submit new DAO parameter changes ==== | ==== Update spreadsheet and submit new DAO parameter changes ==== | ||
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This actions will be performed 3 days before the end of proposal phase: | This actions will be performed 3 days before the end of proposal phase: | ||
| − | * Calculate on the BSQ trading fees [https:// | + | * Calculate on the BSQ trading fees [https://docs.google.com/spreadsheets/d/1-hISy7F0NSqPnRxDOoi1k7df1qLJHfQTxhrVLt6NbX4/edit#gid=0 spreadsheet] the current BSQ discount using the 30 day weighted average USD/BSQ price and current USD/BTC price. |
| − | * If current BSQ discount is | + | * If current BSQ discount is not between 45-55%, calculate on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark. |
* Maximum BSQ variation from current and proposed fees should be +15%. Leave new fees blank if there's no need to update. | * Maximum BSQ variation from current and proposed fees should be +15%. Leave new fees blank if there's no need to update. | ||
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==== Communicate changes ==== | ==== Communicate changes ==== | ||
| − | * Update trading fees | + | * Update [[trading fees]] page when new BSQ trading fees are approved by DAO voting at the end of the cycle. |
==== Reference ==== | ==== Reference ==== | ||
Revision as of 09:07, 18 May 2020
In order to keep the BSQ trading fees discount mark of 50% against using BTC, Compensation maintainer will have to check and update BSQ fees every cycle, following this steps:
Update spreadsheet and submit new DAO parameter changes
This actions will be performed 3 days before the end of proposal phase:
- Calculate on the BSQ trading fees spreadsheet the current BSQ discount using the 30 day weighted average USD/BSQ price and current USD/BTC price.
- If current BSQ discount is not between 45-55%, calculate on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark.
- Maximum BSQ variation from current and proposed fees should be +15%. Leave new fees blank if there's no need to update.
- Submit DAO change parameter proposals with new BSQ trading fees when needed.
- Post at proposal #202 the rates for next cycle even if there are no changes.
Communicate changes
- Update trading fees page when new BSQ trading fees are approved by DAO voting at the end of the cycle.
