[bisq-network/proposals] BSQ trading fee update for Cycle 32 (Issue #357)
MwithM
notifications at github.com
Sun Jan 23 15:22:45 CET 2022
_This proposal keeps a record of the [process](https://bisq.wiki/Updating_BSQ_trading_fees) to keep the BSQ trading fee at 50% discount to BTC trading fee. It will remain open until we need to update BSQ trading fees again._
Last update was #345
## Cycle 32
**Parameters** ([see issue](https://github.com/bisq-network/proposals/issues/289))
* USD/BTC price: 36000
* USD/BSQ price: 1.41
* Current BSQ discount: 40.7%
![image](https://user-images.githubusercontent.com/50149324/150682710-ee8cc98f-95bb-4e88-a2c5-afd1f03993b4.png)
![image](https://user-images.githubusercontent.com/50149324/150682738-d694f7b1-9747-43fb-8bad-ca0741f63512.png)
It's necessary to **update BSQ trading fee on Cycle 32**.
### New BSQ trading fees
A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee: `12.78`
New BSQ taker fee: `89.44`
There's no 15% cap to reduce BSQ trading fees; with this update, the discount target is 50% with a 15.6% reduction.
This would be the second time BSQ trading fees are reduced instead of increased.
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