[bisq-network/proposals] Increase BTC trading fee to 1% of trade amount (Issue #365)

MwithM notifications at github.com
Sat Feb 12 12:12:09 CET 2022


### Rationale

Getting BSQ to pay trading fees has very little friction since BSQ swaps were implemented.
Bisq needs to increase the use of BSQ. Currentlly, only around 30% of trading fees [come from BSQ](https://github.com/bisq-network/roles/issues/111#issuecomment-1000632728). BSQ is essential for a decentralized distribution of Bisq's revenue. 
>From January comptroller's data, Bisq collected 0.66% of total trade revenue, which seems ok but not very high. Current BTC trading fee is 0.8%.

The main goal of this proposal is to increase the rate of trading fees paid in BSQ vs paid in BTC to a 50-60% of total volume in the next 6 months. If traders keep using BTC to pay their trading fees, total trade revenue will be higher than current 0.66%.
I don't think there is a big risk of traders stop using Bisq due to high trading fees, since swapping BSQ to pay their trading fees is a simple and cheap option.

### Proposal

I propose to increase BTC trading fees to 1% total. 
Maker trading fee paid in BTC per 1 BTC traded: 0.0012 (0.12%)
Taker trading fee paid in BTC per 1 BTC traded: 0.0088 (0.88%)

This is how the table at the [wiki](https://bisq.wiki/Trading_fees) would look like:

**Trading fees per 1 BTC**
||BTC   |BSQ  |
|------|------|-----|
|Maker |0,0012|16,8 |
|Taker |0,0088|123,2|

For BSQ, current price is considered: 43000 USD/BTC and 30D WMA is 1.23 USD/BTC.

Paying trading fees in BSQ would suppose a 60% discount, instead of the current 50% as BSQ trading fees would remain at 0.4%.

-- 
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/365
You are receiving this because you are subscribed to this thread.

Message ID: <bisq-network/proposals/issues/365 at github.com>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20220212/4de05da2/attachment.htm>


More information about the bisq-github mailing list