Updating BSQ trading fees

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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:

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%, 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 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