[bisq-network/proposals] Propose DAO parameter default values (#47)

Manfred Karrer notifications at github.com
Wed Oct 10 20:39:36 UTC 2018


Regarding the trade fees:

We keep the current fee if the user prefers to use BTC for the fee payment.
If the user opt in to BSQ fee payment he will pay 10% of the BTC fee with the assumption that 1 BSQ = 1 USD and 1 BTC = 10 000 USD. It could be expressed in BSQ to BTC relation as well but I think that is harder to get a guts feeling for.
It can be assumed (hoped) that the real BSQ market rate will be higher which will make that difference between BSQ and BTC fee smaller. This is intended as we want to fade out or at least reduce the BSQ discount over time. It will likely be required that we adjust the BSQ fee and probably the BTC fee as well. Increasing the BTC fee over time is an option as well to get again a better discount. Mid term target is that > 75% of our traders use BSQ and the actual revenue from fees is similar to todays fee (0.2%).

But of course the fee policy will be then in the hand of the BSQ stakeholders.

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