[bisq-network/proposals] Burn BSQ to pay for trading fees (#281)

chimp1984 notifications at github.com
Wed Nov 18 00:32:13 CET 2020


Interesting idea.
How would it work for different types of traders? E.g. The casual trader who does 1 or 2 small trades a month would pay much more if there is only a fixed fee/month as the pro trader who trades large amounts and volume. Now our main revenue comes from large XMR trades so as that would not be bound to the trade amount it would also make it more expensive for fiat traders and much cheaper for those pro traders.
To combine it with trade amount and number of trades will lead to challenges similar to Bisq v2 as you mentioned.

Last months we have about 3300 trades with 313 BTC volume which results in 1,252 BTC on trade fee if we apply the 0.4% target. In USD terms the fee revenue would be 12520 USD @ 10k BTC/USD price. That would be about 3,80 USD on fee per trade if we would distribute it to get the same revenue. I fear 4 USD trade fee for a 100 USD trade (4%) would be considered quite harsh specially from new traders who come to try out Bisq.  

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