I think this is an important suggestion. Why not encourage market making with lower maker fees?

Even with the volatility experimented last days, numbers for the proposal would stay the same.
30 day average for BSQ/BTC is 7790 (0.39 USD/BSQ). At this moment, discount is 62%. With proposed BSQ changes discount would be a 56% using 30 day average and 47% using last price of 0.00009498 BSQ/BTC.

It should be clarified here that the current and proposed maker and taker fees listed above are per bitcoin traded.

For example, the current maker fees are 0.002 BTC / 10 BSQ per bitcoin, meaning that when making an offer to buy or sell 0.25 bitcoin, the maker fees are (0.002×0.25) 0.0005 BTC / (10*0.25) 2.5 BSQ.

I updated the title of this proposal to fix a typo and to make it more explicit.

I'm upvoting this because further incentivizing makers makes sense from the perspective of increasing liquidity. The 10% increase in overall fees makes sense to me as well, though I am generally uncomfortable with this kind of "ad-hoc" fee change. We need something more systematic and predictable, like what was proposed in #173. That proposal was ultimately downvoted, but we should take another shot at it based on the feedback provided, particularly with regard to putting a per-cycle / per-release cap in place, so that no one fee increase is too great a shock. There should at a minimum be a spreadsheet somewhere that codifies the formula, reflects what current rates are (in the app) and should be (in the next release). It will be important to show over time that fees go down as well as up based on this systematic approach. Could someone raise their hand here to own putting that spreadsheet and proposal together? I think the proposal will be much more actionable and likely to be approved if we have the spreadsheet in hand and everyone can review it and provide feedback on it ahead of voting time.

Finally, I'm upvoting this with the assumption that we will make the change known in an effective manner to our audience of current and potential makers. @m52go, if this is approved, could you ensure that happens?

I'm glad DAO accepted this proposal, I was worried because of lack of discussion.

The 10% increase in overall fees makes sense to me as well, though I am generally uncomfortable with this kind of "ad-hoc" fee change. We need something more systematic and predictable, like what was proposed in #173

The reason why a 10% increase was proposed is to make the fee increase smooth, but the idea is to consider as approved the #173 proposal. I'm not sure if the discount should be 50 or 40%, as both options were considered there, but it should be somewhere close to it, and using the 30 day average price to make it systematic and predictable.

I have made this simple spreadsheet where everyone can review how BSQ discount is calculated.
My idea is that fees shoud be updated only if at the last 3 days left for the end of proposal phase the BSQ discount is over or under 45%, to make it back again at 50%, using the 30 day moving average USD/BSQ price compared to USD/BTC last price.
All the process to update trading fees should be described at wiki. I already updated the current Trading fees for everyone to consult.

Closed as approved by DAO voting cycle 11