Difference between revisions of "Updating BSQ trading fees"
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* 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 blank if there's no need to update. | + | * 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. Maximum BSQ discount change should be 5%. Leave new fees blank if there's no need to update. |
* Submit DAO change parameter proposals with new BSQ trading fees when needed. | * Submit DAO change parameter proposals with new BSQ trading fees when needed. | ||
| − | * Post at proposal # the rates for next cycle even if there | + | * Post at proposal [https://github.com/bisq-network/proposals/issues/202 #202] the rates for next cycle even if there are no changes. |
==== Communicate changes ==== | ==== Communicate changes ==== | ||
Revision as of 09:18, 3 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 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 5% over or under 50%, establish on the BSQ trading fees spreadsheet the new fees to bring them back to the 50% mark. Maximum BSQ discount change should be 5%. 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 wiki page when new BSQ trading fees are approved by DAO voting at the end of the cycle.
