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BSQ trading fee update for Cycle 36 #376

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MwithM opened this issue Jun 1, 2022 · 2 comments
Closed

BSQ trading fee update for Cycle 36 #376

MwithM opened this issue Jun 1, 2022 · 2 comments

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@MwithM
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MwithM commented Jun 1, 2022

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 #374

Cycle 36

Parameters (see issue)

  • USD/BTC price: 31.100
  • USD/BSQ price: 1.05
  • Current BSQ discount: 65.5%

image
image

It's necessary to update BSQ trading fee on Cycle 36.

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee: 14.22 BSQ per BTC.
New BSQ taker fee: 104.26 BSQ per BTC.

BSQ trading fees are calculated using the new values proposed at #365.
Discount target is 60% and should be adjusted back to exactly 60% every cycle if it's not within the 55-65% range.

@MwithM
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MwithM commented Jun 1, 2022

Maker: a63817f4ab43a16ac917b8b708f1d6431906c03436dd2c1a8ea6583ec9027b61
Taker: 00f042819254999416b154f5cf345a90c5fb9d0aed0d3a47ae9cc4e64930ba37

@MwithM
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MwithM commented Jun 10, 2022

Update rejected due to lack of quorum.

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