[bisq-network/projects] Add Monero to fiat trading pairs using BTC as the security deposit (multi-sig) (#50)

pazza notifications at github.com
Sat Apr 10 02:14:36 CEST 2021


Hi @m52go thanks for your comments.

**XMR-BTC**

Thanks for the background with regards XMR-BTC. I agree that the arbitration time and refunds given in BSQ would deter many users from trading on Bisq, especially if those trades where over the amount the refund agent can compensate.

I wonder if the large trades come at times when there are good arbitration opportunities between Bisq and other exchanges. That is why trades need to be instant to recycle the trade amount quickly to take advantage of the market conditions.  The nature of trading on Bisq means there is no slippage, that and the XMR/BTC price updating only every ~60 seconds?  would make Bisq a good platform for arbitrage when conditions are right on other exchanges.  

Being the current main source of trading fee revenue for the DAO, it would be great if Bisq could grow this market. There are a number of competing centralized, decentralized, and variations in-between, alternatives for XMR/BTC trading that does not require KYC. 

Since I posted on Reddit there has been another thread about a Bisq fork [Monero based DEX for trading XMR for fiat and cryptocurrencies! (PoC)](https://www.reddit.com/r/Monero/comments/mmrchk/im_happy_to_announce_haveno_the_monero_based_dex/). 

There is also the issue of atomic swaps happening in the future. 

What can be done to make Bisq the go to place for XMR/BTC trading? 

**XMR-fiat**

Yes feedback was overwhelmingly positive. There were a couple of comments from people saying they would not use it because of the BTC involved, but the vast majority where for it. No exchange will ever please everyone. 

Currently there exists a gap for people wanting to buy / sell XMR for fiat. There seems to be a market demand for this gap to be filled. What is to stop Bisq being the platform to fill this gap?

A number of comments on the Reddit post referenced they would be happy to donate for Bisq to integrate an XMR wallet / trade protocol.  Others mentioned about Bisq putting a bounty / proposal together to incentivize a developer familiar with XMR multi-sigs to complete the work. I think this would be a good use of BSQ issuance and would likely be repaid in new revenue for the DAO.  

> I remember the XMR autoconfirm feature getting lots of positive reactions but ultimately it doesn't seem like it's used much.

At the time of me posting this all the take offer to sell XMR are using the autoconfirm. No one currently making an offer has auto confirm disabled.



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