[bisq-network/proposals] Adjust BSQ trading fees each cycle to be 60% of BTC trading fees using 30 day average (#173)

[wiz]

> _This is a Bisq Network proposal. Please familiarize yourself with the [submission and review process](https://docs.bisq.network/proposals.html)._

Currently at the start of each DAO cycle, the compensation rate is fixed to something like this:
> BSQ rate for Cycle 10 is 0.67 USD per 1 BSQ

I propose that we enact a new policy to adjust the BSQ maker/taker fees each cycle in a similar fashion, so that they are adjusted to always be 60% of the BTC maker/taker fees, based on the 30 day average BSQ/BTC trading price from the last cycle.

Currently, the DAO trading fees parameters are set as follows:
```
BTC Maker: 0.002 BTC
BTC Taker: 0.006 BTC
BSQ Maker: 10 BSQ
BSQ Taker: 30 BSQ
```

Based on 60% pricing, this represents a BSQ valuation of 12K sats
```
0.002 BTC / 10 BSQ * 60% = 0.00012000 BTC/BSQ
```

Using the most recent 30 days average BSQ/BTC trade price of 5991 BSQ/BTC, this means we should increase the BSQ trading fees as follows to maintain a 60% pricing:
```
Maker: 0.002 BTC / 0.00005991 BTC/BSQ * 60% = 20.03 BSQ
Taker: 0.006 BTC / 0.00005991 BTC/BSQ * 60% = 60.09 BSQ
```

Therefore, the first DAO parameters to change from this proposal will be:
```
BSQ Maker fee: 20.03 BSQ
BSQ Taker fee: 60.09 BSQ
```

If approved I will make a proposal each DAO cycle in a similar fashion. For starters, this will likely double the BSQ burned from trading fees compared to last cycle (assuming same trading volume), and greatly help the DAO return to profitability.

What do you guys think?

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/173
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20200123/e146df9c/attachment.html>