[bisq-network/proposals] Change model for asset listing (#153)

wiz notifications at github.com
Mon Dec 16 17:24:25 UTC 2019


> I think we have to reconsider the way how we deal with assets. The listing fee does not solve the up-front costs for adding an asset. So we need to add the costs upfront to ensure a filter machanism to only get added coins which have serious intentions to use Bisq for trading.

Bisq's current DAO proposal process works well, so IMO we should use it for listing new assets. However, too many DAO proposals can become a DoS vulnerability on our time to review and discuss all the proposals, so we should also require a non-refundable Proof of Burn as an *application fee* when submitting a DAO proposal to list a new asset. If the proposal is rejected, the application fee is not refunded.

Additionally, Bisq should make the application fee very expensive, and only allow the reimbursement of the application fee if the asset listing is approved and meets certain criteria for trading volume within the first few months. This will allow legitimate projects that earn fees for Bisq to get listed for free, but financially disincentivize scammers and shitcoiners from wasting our time, since they know they will just be paying the DAO to reject them.

> From 38 assets added since v1.0.0 only 15 paid the listing fee (39%), so that shows that the majority is not even interested to get traded, they probably just want to add Bisq as exchange to their webpage because it is so easy and cost free.

For the Markets API service, it would be great if we mass-delisted all these totally untraded assets from Bisq - it just clutters our website, complicates the API, and increases the load on the server and P2P network, causing even more problems...

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