Increase BSQ trading fees to 0.5% of trade amount

[MwithM]

A review of trading fees is needed. Last change was in #365, more than 3 cycles ago.
Last increase in BTC trading fees seemed irrelevant either on total trading volume or ratio of BSQ usage (see comptroller reports). Bisq should keep increasing trading fee % at a steady pace until total average trading fee reaches to the 0.8% target.

BTC trading fees will be kept at 1% while BSQ trading fees will be increased to 0.5% from current 0.4% level if DAO change parameter proposal is approved. The long term goal is to keep the 50% discount for BSQ trading fees, so next time both BTC and BSQ trading fees will be increased, probably to 0.55 and 1.1%.

[pazza83]

I agree, the last three cycles 'Total fees paid as a percentage of revenue' with BSQ at a 60% discount are:

• 0.63%
• 0.66%
• 0.65%

Reducing the BSQ discount back to 50%? will get the 'Total fees paid as a percentage of revenue' closer to the 0.8% goal.

I will monitor over the next few cycles once this change takes effect.

[MwithM]

Cycle 38

Parameters (see issue)

• USD/BTC price: 23200
• USD/BSQ price: 0.81
• Current BSQ discount: 64.3%

It's necessary to update BSQ trading fee as current discount is not between the 45-55% target.

New BSQ trading fees

A change parameter request for BSQ trading fees will be submitted to DAO voting:
New BSQ maker fee: 17.19 BSQ per BTC.
New BSQ taker fee: 126.02 BSQ per BTC.

BSQ trading fees are calculated using the values proposed at #365.
Discount target is 50% and fees should be adjusted to exactly 50% every cycle if they are not within the 45-55% range.

[MwithM]

Maker: f9896911af82ba4e542454f3036948ad071273e2ae897bdb7513556c8947d4b3
Taker: 6dbb76aa73848cabd21408948f2e44bde51c618cd74871dac7d5397016918360

[MwithM]

Closed as approved.
Trading fees wiki page has been updated.

[ripcurlx]

Filter was updated.