Updating BSQ trading fees
Revision as of 02:54, 2 June 2020 by Plebeian9000 (talk | contribs) (Plebeian9000 moved page Update BSQ trading fees to Updating BSQ trading fees: use gerunds in title per style guide)
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.
