[bisq-network/proposals] Develop a network of Bisq merchants by adding conditional orders (#123)

adolfo contreras notifications at github.com
Sun Sep 22 11:08:43 UTC 2019


> @MwithM
> 
> > Creating a sell order order that would automatically become unavailable if the price goes below certain level makes sense and that would be a great option for all traders.
> 
> Yes. As I understood it, the sell order would be automatically disabled if there is not available another sell order from another Bisq user with the merchant´s preferred payment method (I´ll call it the **hedge order**) at a price below a specific %. This would be the conditional order, it would automatically enable / disable if the condition is met / not met.
> 
> But another thing would be needed, if the merchant's f2f order is taken, the merchant would need to **automatically** trigger a buy order in order to immediately take the hedge order, so he locks his fee ( 4% or whatever distance he set his order from the hedge order). This is generally known as an **OSO order** (Order Sends Order).
> 
> The above could be applied for any Bisq participant who is willing to arbitrate two different payment methods (i.e. Revolut vs. SEPA, HalCash vs. Revolut, etc)
> 
> N.B. The f2f merchant´s order could also be hedged outside Bisq in a liquid centralized exchange such as Kraken or Coinbase, but for that a bridge would need to be developed between Bisq's API and the centralized exchange's API (also to open an account on the centralized exchange and exposure to custody risk), so it would be a lot more complex for the user. Not a turnkey solution.

Exactly, at the end of the day what we are talking about is that merchants are in a privileged position to arbitrage any available payment methods, given that the one they can offer is the most attractive in terms of security, privacy etc...

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