Difference between revisions of "Updating BSQ trading fees"
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(Process to keep up to date BSQ trading fees discount) |
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| − | + | == This is a stub and needs to be approved by a proposal. == | |
| − | + | ||
| − | ==== | + | |
| + | In order to keep the BSQ [[trading fees]] discount mark of 50% against using BTC, Compensation maintainer will update BSQ fees for every cycle: | ||
| + | ==== 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 [https://cryptpad.fr/sheet/#/2/sheet/view/9wasbqRHbCYoknAdPQdFR3cdYaYaesxTBpqJGIteX2M/ spreadsheet] the current BSQ discount using the 30 day weighted average USD/BSQ price and current USD/BTC price. | * Calculate on the BSQ trading fees [https://cryptpad.fr/sheet/#/2/sheet/view/9wasbqRHbCYoknAdPQdFR3cdYaYaesxTBpqJGIteX2M/ spreadsheet] the current BSQ discount using the 30 day weighted average USD/BSQ price and current USD/BTC price. | ||
| − | * If current BSQ discount is 5% over or under 50%, establish on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark. Leave new fees | + | * If current BSQ discount is 5% over or under 50%, establish on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark. 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 # the rates for next cycle even if there's no changes. | * Post at proposal # the rates for next cycle even if there's no changes. | ||
| − | ==== | + | ==== Communicate changes ==== |
| − | |||
| − | |||
| + | * Update trading fees wiki page when new BSQ trading fees are approved by DAO voting at the end of the cycle. | ||
| − | ==== | + | ==== Reference ==== |
| − | https://github.com/bisq-network/proposals/issues/173 | + | https://github.com/bisq-network/proposals/issues/173 |
[[Category:Processes]] | [[Category:Processes]] | ||
Revision as of 17:37, 1 April 2020
Contents
This is a stub and needs to be approved by a proposal.
In order to keep the BSQ trading fees discount mark of 50% against using BTC, Compensation maintainer will update BSQ fees for every cycle:
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 5% over or under 50%, establish on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark. 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 # the rates for next cycle even if there's no changes.
Communicate changes
- Update trading fees wiki page when new BSQ trading fees are approved by DAO voting at the end of the cycle.
