[bisq-network/proposals] Lower Trading Fee (#126)

chimp1984 notifications at github.com
Wed Oct 9 16:09:59 UTC 2019


> feels like we are the FED voting to adjust interest rates

It is more like the contributors decide how much they want to be investors and how much they want to be able to sell of their earned BSQ. 

E.g. if fees are too low not much demand from traders is created so contributors will have it harder to sell BSQ and are forced to keep their BSQ as investors. So it is a dangerous trade-off to goo too low with the fees. Too high fee -> we lose traders, too low fees -> we lose contributors.

The volume rise over the past 6 months correlates with the global BTC (and XMR) market IMO. It was very bullish until July/August, now it seems we entering a bearish market again (hope not). Bisq had always lower volume when market went bearish and rise in volume when it was bullish. Most Bisq users are more on the long side and holders.   

Lets look at current fee costs for a maker:
A 2 BTC (about 16389 USD) trade costs atm 31 USD if BTC is used for fee and 22 USD if BSQ is used. That is 0.189% of trade volume if BTC is used and 0.134% if BSQ is used.
So yes we are a bit over our target (0.1% for BSQ for maker).

I suggest to reduce to:
```BSQ maker fee: 10.00
BSQ taker fee: 30.00```


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