[bisq-network/proposals] Increase BSQ trading fee to get to 0.4% (#103)
huey735
notifications at github.com
Fri Jul 19 13:42:25 UTC 2019
> The fees are the amount in BTC or BSQ per 1 BTC trade.
I don't know what that means? It seems like an unnecessary way of saying 0.3%. We don't need to reference the 1 BTC measure as that percentage applies to all trades where the trading fee isn't bellow 0.00005 BTC.
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The BSQ trading fee should be set in percentage of the trade amount or percentage of the trading fee, not a whole BSQ amount because its value isn't stable. The value of BSQ to traders is how cheaper it allows them to pay for trading fees. "Oh with BSQ I save x percentage".
It's weird to me that the parameter under the proposal in the app appears as a whole value instead of a percentage.
The following formula seems appropriate
BSQ trading fee = (BTC trading fee x current percentage of discount for using BSQ) / last BTC/BSQ price
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