BSQ trading fee update for Cycle 34 #372
Comments
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Maker: 6598e3d26925951e04184c5e19522b48ce5f7cd6c607b2f3f2ff8eb9227d88af |
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Proposal was rejected due to lack of quorum, parameter changes need at least 100.000BSQ to be accepted. |
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Damn - I missed the voting this time because of personal issues 🤦 |
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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 #357
I did a mistake and an update was required for Cycle 33, thus the extreme discount and fee raise now.
Cycle 34
Parameters (see issue)
It's necessary to update BSQ trading fee on Cycle 34.
New BSQ trading fees
A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee:
19.41BSQ per BTC.New BSQ taker fee:
142.33BSQ 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.
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