Description
This is a Bisq Network proposal. Please familiarize yourself with the submission and review process.
The current trading fee in BSQ is too low that the Bisq DAO can be sustainable.
9248 BSQ have been burned so far by fee payments but 92188 BSQ have been issued to contributors since the DAO has been launched.
Trading volume is very high at the moment and with the 0.4% fee target that would easily outperform the issued BSQ and would make Bisq profitable. If Bisq reaches 20M USD in trade volume 0.4% would be 80000 USD.
The current BSQ fee is 1.6 BSQ for the maker and 4.8 BSQ for the taker.
The BTC maker fee is 0.001 BTC (0.1%) and the BTC taker fee is 0.003 BTC (0.3%).
All those fees are for a 1 BTC trade. BSQ is traded around 1 USD in average. Current BTC price is 12800 USD. The current BSQ maker fee is only 0.0125% and the BSQ taker fee is 0.0375%.
I suggest an increase of the BSQ maker fee to 8 BSQ which would be still only 0.0625% and an increase of the BSQ taker fee to 24 BSQ which would be still only 0.1875%. Both percentage values are then still much lower than the current BTC fees.
To keep a good discount ratio to motivate users to use BSQ for the fee payment I suggest to increase the maker fee in BTC to 0.002 BTC (0.2%) and the BTC taker fee is 0.006 BTC (0.6%).