<p></p>
<blockquote>
<p><em>This is a Bisq Network proposal. Please familiarize yourself with the <a href="https://docs.bisq.network/proposals.html" rel="nofollow">submission and review process</a>.</em></p>
</blockquote>

<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>Last cycle voting failed. <a class="issue-link js-issue-link" data-error-text="Failed to load title" data-id="777299432" data-permission-text="Title is private" data-url="https://github.com/bisq-network/proposals/issues/291" data-hovercard-type="issue" data-hovercard-url="/bisq-network/proposals/issues/291/hovercard" href="https://github.com/bisq-network/proposals/issues/291">#291</a> could not be approved. Last valid vote was <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>
<p>##Cycle 20</p>
<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: 33400</li>
<li>USD/BSQ price: 2.22</li>
<li>Current BSQ discount: 33.2%</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/50149324/106383081-0b582d00-63c4-11eb-9ba5-25ad311e2fdb.png"><img src="https://user-images.githubusercontent.com/50149324/106383081-0b582d00-63c4-11eb-9ba5-25ad311e2fdb.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>7.53</code><br>
New BSQ taker fee: <code>52.68</code></p>
<p>There's no cap to reduce BSQ trading fees.<br>
This is the first time when BSQ trading fee needed to be lower because of BSQ increased value drastically during last cycle. It made some traders stop using BSQ to pay trading fees.</p>

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