Difference between revisions of "Updating BSQ trading fees"

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m (Remove stub alert. Google spreadsheet link.)
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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 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://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.
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* 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 5% over or under 50%, calculate on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark.  
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* 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 wiki page when new BSQ trading fees are approved by DAO voting at the end of the cycle.
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* 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.

Reference

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