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Main => General Discussion => Topic started by: abit on September 28, 2020, 09:11:07 pm

Title: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on September 28, 2020, 09:11:07 pm
Liquidity pool fees:
create: 50 BTS
delete: 0
deposit: 0.1 BTS
withdraw: 5 BTS
exchange: 1 BTS

Set sub-asset creation fee to around 20$
Increased limit order taking fee to 0.9 BTS UPDATED to 0.48 on 2020-10-03
Reduced limit order making fee a bit to around 0.03 0.02 BTS after refund (0.004 if canceled)
Increased account update fee to 2.4 BTS
Reduced custom operation KB fee to 0.01$
Reduced assert operation fee to 0.01$


Reduced witness pay to 0.1 BTS per block
Reduce maximum daily worker budget to 3000 BTS which is a little more than total witness pay UPDATED to 1 BTS on 2020-10-26
Witnesses and other people who contribute in other means will be compensated by the committee (under consideration).

On-chain: https://bts.ai/block/51863978

doc: https://github.com/bitshares/committee-tools/pull/18

More to come.

---

UPDATE:

created proposal to reduce asset_create_pool fee to 0.1$.

On-chain: https://bts.ai/block/51866931

doc: https://github.com/bitshares/committee-tools/pull/19

---

UPDATE

reduced bitasset update fee and feed producers update fee to around 24 BTS each.

On-chain: https://bts.ai/block/51881537

doc: https://github.com/bitshares/committee-tools/pull/20

---
UPDATE 2020-10-03

Reduced limit order creation fee to 0.48 BTS (taker 0.48, maker 0.02)

---
UPDATE 2020-10-26

The "worker budget per day" parameter is being adjusted to 1 BTS: https://bts.ai/block/52658802
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: binggo on September 28, 2020, 11:20:56 pm
Quote
Increased limit order taking fee to 0.9 BTS

这个有点高啊...
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on September 29, 2020, 08:30:55 am
Quote
Increased limit order taking fee to 0.9 BTS

这个有点高啊...
不收费怎么赚钱
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: binggo on September 29, 2020, 08:52:46 am
Quote
Increased limit order taking fee to 0.9 BTS

这个有点高啊...
不收费怎么赚钱

收着这么高的处理费,又收着跟CEX一样的市场交易手续费。

1毛6分钱一次太贵了,0.09 BTS都行,太高对市商太不友好,大家都减少了上单量,见证人必然要打很多空块。
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: Thul3 on September 29, 2020, 09:19:50 am
Quote
Increased limit order taking fee to 0.9 BTS

这个有点高啊...
不收费怎么赚钱
没有用户怎么赚钱?
how to make money with no users?
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: mike.wang on September 29, 2020, 10:28:50 am
一潭死水,还收那么高的手续费
(https://ss1.bdstatic.com/70cFuXSh_Q1YnxGkpoWK1HF6hhy/it/u=501576504,3264374297&fm=26&gp=0.jpg)
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on September 29, 2020, 11:01:29 am
Quote
Increased limit order taking fee to 0.9 BTS

这个有点高啊...
不收费怎么赚钱

收着这么高的处理费,又收着跟CEX一样的市场交易手续费。

1毛6分钱一次太贵了,0.09 BTS都行,太高对市商太不友好,大家都减少了上单量,见证人必然要打很多空块。
市商是 maker 又不是 taker

maker 有96%的返款,折算下来成本大概 0.03 BTS 还不算 LTM 返佣,很便宜了。

taker 多收点没大毛病。吃个单 1 BTS 利润都没有,玩个毛。浪费硬盘和流量。
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on September 29, 2020, 11:06:32 am
OP UPDATED

reduced bitasset update fee and feed producers update fee to around 24 BTS each.

On-chain: https://bts.ai/block/51881537

doc: https://github.com/bitshares/committee-tools/pull/20
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: binggo on September 29, 2020, 12:06:52 pm
Quote
Increased limit order taking fee to 0.9 BTS

这个有点高啊...
不收费怎么赚钱

收着这么高的处理费,又收着跟CEX一样的市场交易手续费。

1毛6分钱一次太贵了,0.09 BTS都行,太高对市商太不友好,大家都减少了上单量,见证人必然要打很多空块。
市商是 maker 又不是 taker

maker 有96%的返款,折算下来成本大概 0.03 BTS 还不算 LTM 返佣,很便宜了。

taker 多收点没大毛病。吃个单 1 BTS 利润都没有,玩个毛。浪费硬盘和流量。

嗯,谁说吃个单就一个有1 个bts的利润,万一一个bts=50块了呢?1毛6也不一定赚到,这中间不还有市场交易手续费

再者,市商bot哪有光maker不taker的...光等着普通交易者来做taker,这个盘面基本就跟死水一样
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: gghi on October 01, 2020, 12:09:38 pm
当前BTS起死回生阶段,降低玩家费用,利于进场才行。赌客多了,自然容易赚钱。没有玩家再高的费用都是空气。BTS就是赌场平台,做好服务。
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: bench on October 01, 2020, 06:32:03 pm
Increased limit order taking fee to 0.9 BTS

This is too high, because not every order has 10k BTS. In reality we have markets with more and smaller orders. This means the taker needs always to pay the full taker fee for every dust order on the book.

0.3BTS should be the maximum here.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on October 01, 2020, 06:54:56 pm
Increased limit order taking fee to 0.9 BTS

This is too high, because not every order has 10k BTS. In reality we have markets with more and smaller orders. This means the taker needs always to pay the full taker fee for every dust order on the book.

0.3BTS should be the maximum here.
If the account is LTM the fee is 0.18.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: bench on October 01, 2020, 07:13:58 pm
Increased limit order taking fee to 0.9 BTS

This is too high, because not every order has 10k BTS. In reality we have markets with more and smaller orders. This means the taker needs always to pay the full taker fee for every dust order on the book.

0.3BTS should be the maximum here.
If the account is LTM the fee is 0.18.

Yes, but I don't think it is fair to charge 20x for a taker on every dust order. The fee structure makes sense for the pool, because the whole pool is traded.
10x increase against the maker order is enough here.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on October 01, 2020, 08:42:17 pm
Increased limit order taking fee to 0.9 BTS

This is too high, because not every order has 10k BTS. In reality we have markets with more and smaller orders. This means the taker needs always to pay the full taker fee for every dust order on the book.

0.3BTS should be the maximum here.
If the account is LTM the fee is 0.18.

Yes, but I don't think it is fair to charge 20x for a taker on every dust order. The fee structure makes sense for the pool, because the whole pool is traded.
10x increase against the maker order is enough here.
I understand what you're saying.

On the other hand, if you do not want to take some dust, you do not take it.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: bench on October 01, 2020, 09:29:37 pm
I understand what you're saying.

On the other hand, if you do not want to take some dust, you do not take it.
But when I make an order, which is outside of the market center price, I become taker and I need to take all dust orders, before market gets liquidity.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on October 03, 2020, 06:31:51 am
I understand what you're saying.

On the other hand, if you do not want to take some dust, you do not take it.
But when I make an order, which is outside of the market center price, I become taker and I need to take all dust orders, before market gets liquidity.
Created a proposal to reduce taker fee to 0.48 BTS.
Maker refund is kept at 96%, so maker fee is reduced too.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on October 03, 2020, 10:29:19 am
UPDATE 2020-10-03

Reduced limit order creation fee to 0.48 BTS (taker 0.48, maker 0.02)
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: bench on October 06, 2020, 12:07:39 am
Liquidity pool fees:
create: 50 BTS
too cheap, 250-500BTS is fair
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on October 06, 2020, 10:40:13 am
Liquidity pool fees:
create: 50 BTS
too cheap, 250-500BTS is fair
I don't think so.
For every liquidity pool, an asset need to be created, which is at least 965 BTS of fee (1/2 for non-LTMs due to initial fee pool, 1/10 for LTMs).
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: bench on October 06, 2020, 04:42:47 pm
I don't think so.
For every liquidity pool, an asset need to be created, which is at least 965 BTS of fee (1/2 for non-LTMs due to initial fee pool, 1/10 for LTMs).
Ok, pool creation fees, does not include the asset creation fee, but is on top.
Title: Re: Chain parameters and fee schedule updated for 5.0 Splash
Post by: abit on October 26, 2020, 12:34:40 pm
UPDATE:

The "worker budget per day" parameter is being adjusted to 1 BTS: https://bts.ai/block/52658802

As of writing, one worker "BitShares Legal Attorney and Representative 2020" (ID 1.14.248, proposed by "escrow.zavod.premik" has been active for one day and received 3000 BTS.