<p></p>
<p>This proposal keeps a record of the <a href="https://bisq.wiki/Updating_BSQ_trading_fees" rel="nofollow">process</a> to keep the BSQ trading fee at 50% discount to BTC trading fee. It will remain open until we need to update BSQ trading fees again.</p>
<p>Link to last issue: <a class="issue-link js-issue-link" data-error-text="Failed to load title" data-id="752874740" data-permission-text="Title is private" data-url="https://github.com/bisq-network/proposals/issues/284" data-hovercard-type="issue" data-hovercard-url="/bisq-network/proposals/issues/284/hovercard" href="https://github.com/bisq-network/proposals/issues/284">#284</a></p>
<h2>Cycle 20</h2>
<p><strong>Parameters</strong> (<a href="https://github.com/bisq-network/proposals/issues/289" data-hovercard-type="issue" data-hovercard-url="/bisq-network/proposals/issues/289/hovercard">see issue</a>)</p>
<ul>
<li>USD/BTC price: 29412</li>
<li>USD/BSQ price: 0.98</li>
<li>Current BSQ discount: 66.5%</li>
</ul>
<p>It's necessary to <strong>update BSQ trading fee on Cycle 20</strong>.</p>
<p><a target="_blank" rel="noopener noreferrer" href="https://user-images.githubusercontent.com/50149324/103440986-c7e69380-4c4a-11eb-8d05-59aa43335d77.png"><img src="https://user-images.githubusercontent.com/50149324/103440986-c7e69380-4c4a-11eb-8d05-59aa43335d77.png" alt="imagen" style="max-width:100%;"></a></p>
<h3>New BSQ trading fees</h3>
<p>A change parameter request for BSQ trading fees will be submitted to DAO voting:<br>
New BSQ maker fee: <code>11.56</code><br>
New BSQ taker fee: <code>80.95</code></p>
<p>The 15% cap increase has been used.<br>
With today's prices and if this proposal is accepted, Bisq will still be offering a 61.5% discount for trading fees when paying in BSQ over paying in BTC. This should stimulate BSQ burning and help to organically bring it back to the desired 50% discount rate.<br>
Although BSQ is lagging against BTC, USD/BSQ price is getting back to the 1BSQ-1USD rate used at DAO genesis.</p>

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