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BSQ trading fee update on Cycle 52 #430

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MwithM opened this issue Oct 25, 2023 · 2 comments
Closed

BSQ trading fee update on Cycle 52 #430

MwithM opened this issue Oct 25, 2023 · 2 comments
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@MwithM
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MwithM commented Oct 25, 2023

This proposal keeps a record of the process to keep the BSQ trading fee at the target discount to BTC trading fee. It will remain open until we need to update BSQ trading fees again.

Last update was #415

Cycle 52

Parameters (see issue)

  • USD/BTC price: 34750
  • USD/BSQ price: 0.77
  • Current BSQ discount: 62.1%

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It's necessary to update BSQ trading fee as current discount is not between the 40-60% target.

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee: 33.85 BSQ per BTC.
New BSQ taker fee: 259.5 BSQ per BTC.

BSQ trading fees are calculated using the values proposed at #415.
Discount target is 50% and should be adjusted back to exactly 50% every cycle if it's not within the 40-60% range.

@MwithM
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MwithM commented Oct 26, 2023

Txid to change parameter for:
Maker BSQ trading fee: 9b8e59b7a2c0d2a81926f941780906c95c7b65ad3a9014c9bc2f8ee363c0b0a2
Taker BSQ trading fee: 2d568f4ff9a0f9c0e37a4ac7f158b35073ae2064b4262d0270a2e0b9d97fb06d

@MwithM
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MwithM commented Nov 3, 2023

Trading fees updated as both proposals were accepted.
Software filters updated.
Wiki updated.

Proposal must remain open until a new update is required.

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