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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Stub: Document the process to keep BSQ trading fees discount up to date, using 30 day average as stated in this [https://github.com/bisq-network/proposals/issues/173 proposal].
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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 perform the next actions every cycle:
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==== Three days before the end of proposal phase ====
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In order to keep the BSQ [[trading fees]] discount mark of 50% against using BTC, Compensation maintainer will update BSQ fees for every cycle:
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==== 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:
  
 
* 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 on blank if there's no need to update BSQ trading fees.
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* 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.
  
* If needed, submit DAO change parameter proposals with the new BSQ maker and taker trading fees.
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* 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.
  
==== Vote result phase ====
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==== Communicate changes ====
 
 
* Update [trading fees] wiki page if new BSQ trading fees are approved by DAO voting.
 
  
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* Update trading fees wiki page when new BSQ trading fees are approved by DAO voting at the end of the cycle.
  
==== References ====
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==== Reference ====
  
https://github.com/bisq-network/proposals/issues/173--->
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https://github.com/bisq-network/proposals/issues/173
  
 
[[Category:Processes]]
 
[[Category:Processes]]

Revision as of 17:37, 1 April 2020

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.

Reference

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