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BSQ rates voting for cycle 19 #271

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MwithM opened this issue Oct 25, 2020 · 5 comments
Closed

BSQ rates voting for cycle 19 #271

MwithM opened this issue Oct 25, 2020 · 5 comments
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a:proposal https://bisq.wiki/Proposals re:parameters was:approved

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@MwithM
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MwithM commented Oct 25, 2020 •
edited

After detecting that BSQ averages calculated from price statistics are being manipulated with way overpriced trades, we have to determine what's the price via vote as proposed in #270

30 Day BTC/BSQ: 0.00005600
30 Day USD/BSQ: 0.65
90 Day BTC/BSQ: 0.00005770
90 Day USD/BSQ: 0.67

5600 sats is the price Wiz estimated here for 30 Day Average and very close to the price of a recent trade I was involved into. This is how I estimate USD/BSQ price: I got 11.600USD as 30 day EMA from a trading app. 0.0000560*11600=0,649USD/BSQ.
90 Day averages are roughly estimated considering that on the Bisq DAO prices are lower for 90 than 30 days.

I'll wait for tomorrow 26Oct 13:00GMT to send this proposal for DAO voting. Data above is subject to change depending on your comments. I won't edit this post once the proposal has been submitted to DAO. You can send a proposal with different parameters to DAO voting and the one with more weight will be used.

Edit: I changed prices for 90 day after removing outliers. 30 day prices stay the same, I'm confident that prices for 30 day are ok. I'm sending this to DAO voting soon, no further edit of this proposal is expected.
@MwithM MwithM changed the title 30 and 90 days BSQ/USD rates vote for cycle 19 BSQ rates voting for cycle 19 Oct 25, 2020
@chimp1984
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chimp1984 commented Oct 25, 2020 •
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I added some tools to make your life easier ;-)
Adjustable outlier removal: bisq-network/bisq#4706
Export trade statistics as csv: bisq-network/bisq#4702

@MwithM MwithM added a:proposal https://bisq.wiki/Proposals re:parameters labels Oct 26, 2020
@MwithM
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MwithM commented Oct 26, 2020

First post edited, I raised prices for 90 day.

@MwithM MwithM mentioned this issue Oct 28, 2020
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@MwithM
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MwithM commented Oct 28, 2020 •
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I was waiting for prices to be included into the next block to be reduced. Now I worry if the proposal tx might not get to be voted for this cycle.
TXID f95eb74eea16db9cb8b77468f0170782caee7a20cfd82935637e9cdb5ad96268

@chimp1984
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All good, already confirmed....but better to not risk for last minute....

@MwithM MwithM mentioned this issue Nov 8, 2020
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@MwithM
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MwithM commented Nov 8, 2020 •
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Closed as approved through DAO voting on Cycle 18.

@MwithM MwithM closed this as completed Nov 8, 2020
@MwithM MwithM mentioned this issue Nov 26, 2020
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