Proposal TXIDs

e106fdd6e9e0aac70410e9cd0784590f47e43ce1424103e26c13b4c3d5df08b7
c89e98c8deb214317f11213c688537b5f66e1ae97f4faa0fd23ae5052101beb5

BSQ trading fee update for Cycle 15 was aproved by DAO and wiki page has been updated.

According to the numbers presented in #248 I suggest that we increase the discount rate from 50% to 75% so that we get closer to the target BSQ/BTC fee ratio of 80%. Over the past 7 months we decreased from 50% to 33% of traders using BSQ as the fee option which is pretty low. Note that the fee ration can be achieved either by increasing BTC fee or decreasing BSQ fee. It is also important for Bisq's sustainibility to get the BSQ market more solid. Reduced traders demand is lowering BSQ volume and demand.

I think we should improve the UI when the user is being asked to select BSQ vs. BTC during the trade process.

make it really obvious:

**How much u save on fees when selecting BSQ (highlight the fee difference that is already being calculated on the form)

AND A LINK TO THE BSQ MARKET**

Sell it a bit better than the current form.
the current form is smart and all business right now. maybe it could highlight BSQ somehow.

assume the user doesn't know anything about BSQ

I don't think we should change the discount as I suspect that's not a driving factor for people not using BSQ for trading. We don't have this data, but I'm guessing that smaller trades drive relatively less usage of BSQ as the fees are quite low using BTC anyway. It's not worth the hassle to buy BSQ to save a dollar, or even less if mining fees are high. For repeat users it would be worth it, but for a single trade it probably isn't.

I think making it easier to buy BSQ will have much more impact.

@sqrrm
You are right, the numbers are based on number of trade not on paid fee/revenue. We should get statistics about the total paid fees in BTC vs. BSQ to get a better picture how close we are to the 80% target.

If BTC/BSQ revenue ratio is actually low, I would agree to raise the discount ratio, although it should not be changed drastically and I would go on the direction of raising BTC fees and leaving BSQ at 0.4%.
I think that a new proposal should be open for that, this one is more a report of the current approve process.

@MwithM Yes agree. I think we should look into options to improve UX and convenience for using BSQ as fee. With atomic swaps there might be some interesting options (e.g. get bsq from market maker bot at mid spread price, allow zero conf. tx?,...). Would be great if getting bsq becomes an instant 1 click operation. Maybe we could combine it with the trade tx even. That would allow maybe also zero conf. as a fee fraud would invalidate then the trade itself, which is irrational to do.... just breainstroming atm...

Cycle 16

Parameters

• USD/BTC price: 11765USD
• USD/BSQ price: 0.73USD
• Current BSQ discount: 52.8%

BSQ discount is between the desired range. There's no need to update BSQ fees for this cycle.

Cycle 17

Parameters

• USD/BTC price: 10.487USD
• USD/BSQ price: 0.64USD
• Current BSQ discount: 53.8%

BSQ discount is between the desired range. There's no need to update BSQ fees for this cycle.

Closed as new BSQ rates have been proposed for Cycle 18.