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

cd2357 notifications at github.com
Mon Oct 12 19:57:50 UTC 2020


I agree with @gordonel , higher fees with bigger price distance does go in the direction of progressive tax.

How about taking the other direction: offering rebates to the most desirable sort of offers? For example, offering 50% fee rebate if offer is taken within 1d from offer creation? The rebate could be paid back with the deposit, at the end of the trade.

This would incentivize market makers to stay close to the market price (beneficial for market takers as well). It would also increase the number of trades and possibly volume as well.

It then becomes a market phenomenon, the ability of market makers to decide for themselves and optimize their strategy for _"what will make this trade be accepted sooner rather than later"_. Things could involve:
- offer a price closer to the market price
- market maker finds ways to "be online" / keep his offer active more than before
- market maker finally has reason to upgrade previously intermittent internet connection
- market maker is incentivized to appear as trustworthy as possible (aim to get his account signed, etc)
- etc

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