Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

BSQ trading fee update on Cycle 63 #461

Open
MwithM opened this issue Oct 11, 2024 · 5 comments
Open

BSQ trading fee update on Cycle 63 #461

MwithM opened this issue Oct 11, 2024 · 5 comments
Labels

Comments

@MwithM
Copy link

MwithM commented Oct 11, 2024

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 #447

Cycle 63

Parameters (see issue)

  • USD/BTC price: 62200
  • USD/BSQ price: 1.73
  • Current BSQ discount: 65.5%

image
image

It's necessary to update BSQ trading fee as current discount is not between the 40-60% target.

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee: 26.93 BSQ per BTC.
New BSQ taker fee: 206.5 BSQ per BTC.

BSQ trading fees are calculated using the values proposed at #415.

@MwithM
Copy link
Author

MwithM commented Oct 12, 2024

BSQ maker fee proposal tx: 731eaf0f608fa3365d7be7a2e0795d9c65bb34ab51def4610debcb10fd239247
BSQ taker fee proposal tx: ea4364ae8d7a8bcebf00c1a59915967a811b07f3701ac900483ed61a25e842c7

@MwithM
Copy link
Author

MwithM commented Oct 21, 2024

Trading fee update DAO voting was accepted.
Wiki page has been updated, filters aren't yet.

@gabernard
Copy link

Filters are updated.

@MwithM
Copy link
Author

MwithM commented Nov 1, 2024

Please, leave it open until a new trading fee update is required.
I use this thread to communicate when there is no need to update.

@suddenwhipvapor
Copy link

suddenwhipvapor commented Nov 1, 2024

Done, and noted.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
Projects
None yet
Development

No branches or pull requests

3 participants