Updating BSQ trading fees

In order to keep the BSQ trading fees at a 50% discount to BTC trading fees, the Compensation Maintainer checks and updates BSQ fees every cycle, following the steps in this article.

Determine new BSQ fees

Three days before the end of proposal phase, the Compensation Maintainer shall:

• Calculate BSQ trading fee discount on this spreadsheet using the 30-day weighted average USD/BSQ price and live USD/BTC price at the time.
  • If existing BSQ discount is under 45% or over 55%, calculate new BSQ trading fees to restore a 50% discount (maximum allowed variation is 15%).
  • Update spreadsheet with new proposed fees. If there is no need for an update, leave the "New Fees" section blank.

Submit new DAO parameter changes

Upon calculating the new BSQ fees, the Compensation Maintainer shall:

• Post updated rates on proposal issue #202 (or indicate if there will be no changes).
• Submit DAO change parameter proposals for new BSQ trading fees (if necessary).

Communicate changes

Once DAO results are available, the Compensation Maintainer shall:

• Update the trading fees page with new BSQ trading fees.

Reference

The following issue led to the development of this procedure:

https://github.com/bisq-network/proposals/issues/173