[bisq-network/bisq] Adopt fee model to de-incentivize offers with huge market price distance (#4630)

chimp1984 notifications at github.com
Mon Oct 12 19:00:29 UTC 2020


We have more than 500 offers recently. Earlier it was about 300 offers. But this is not as good news as it looks like as most of those offers if you check the offer book have prices far away from market price and will have very little chance to be ever taken but the network need to support those and gets extra load from those. 
We had earlier a more complicated fee model where the price distance to market price was a factor for the maker fee. I think we need to re-introduce some mechanism to de-incentivize such offers which add no real value to Bisq but adds costs to each node. 

Any suggestions how we could adpot the fee model to not get back to the situation where it gets too complicate that people dont understand it, but to have some effect to reduce the number of pointless offers.

One way could be that we keep the simple fee model as it is until a certain price distance.
E.g. If price is< 10% different to marketprice model has not change.
If its between 10% and 20% we apply double the fee as normal.
If its is > 20% we apply 4 times the fee as nomal.
If its is > 30% we apply 8 times the fee as nomal.
If its is > 40% we apply 16 times the fee as nomal.

The information for the higher fees are only shown to those makers who use a high distance price, so it will not confuse normal users.

I want to note also that I don't want to critizize those makers, they even might try to support bisq by doing that, but in fact it hurts the network and does not add value as nobody takes such offers. Only small benefit is that it make statists look better on the surface and that Bisq gets some fees from those.


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