[bisq-network/bisq] Running the numbers on Bisq DAO revenues (#5171)

chimp1984 notifications at github.com
Tue Feb 9 06:45:01 CET 2021


@cbeams 
The burned BSQ from the BM includes the amounts from trades ending up in arbitration and that is big chunk.
I worked over the past week on improved charts so we get better overview at least about the data we have already inside the app. 

Here are a few screenshots (or run the PR https://github.com/bisq-network/bisq/pull/5156):

<img width="949" alt="Screen Shot 2021-02-09 at 00 26 57" src="https://user-images.githubusercontent.com/54558767/107319867-a197ed00-6a6d-11eb-9d24-51fc1d908c33.png">

<img width="977" alt="Screen Shot 2021-02-09 at 00 26 18" src="https://user-images.githubusercontent.com/54558767/107319864-a066c000-6a6d-11eb-978b-b0c9ad995795.png">

<img width="988" alt="Screen Shot 2021-02-09 at 00 25 44" src="https://user-images.githubusercontent.com/54558767/107319860-9e046600-6a6d-11eb-84ed-8ecca8ce9627.png">

<img width="911" alt="Screen Shot 2021-02-09 at 00 25 19" src="https://user-images.githubusercontent.com/54558767/107319856-9c3aa280-6a6d-11eb-8aee-da10764f2ac1.png">

<img width="915" alt="Screen Shot 2021-02-09 at 00 23 48" src="https://user-images.githubusercontent.com/54558767/107319833-95139480-6a6d-11eb-8609-d402c2ed56bd.png">


>From what I can see we get about 10k BSQ burned per month.

Here are the 2 addresses used by the BM:
For funds from delayed payout: 
https://mempool.space/de/address/34VLFgtFKAtwTdZ5rengTT2g2zC99sWQLC  (https://github.com/bisq-network/roles/issues/80#issuecomment-723577776)
For BTC fees (50% as other 50% goes to victims):
https://mempool.space/de/address/38bZBj5peYS3Husdz7AH3gEUiUbYRD951t

We would need to grab the tx data and bring it into a speadsheet/chart to see how much BTC fees we receiver over certain time periods.
There is significant delay between received funds from delayed payout txs and burning BSQ as the BM trades with the trader who got reimbursed in BSQ and that takes 1-3 months... The difference between reimbursed BSQ and burned BSQ from proof of burn should be the converted value of the BTC fees, but that can only be used over a long time period as otherwise it would lead to negative numbers. I tried to make a chart series for that but it did not make sense.

<img width="973" alt="Screen Shot 2021-02-09 at 00 35 04" src="https://user-images.githubusercontent.com/54558767/107320430-add07a00-6a6e-11eb-9539-4855493faf0a.png">
We have 1.018.910,00 BSQ burned via proof of burn (BTC fees + delayed payout). And 721.159,41 BSQ we issued as reimbursement.
So that is roughly 280 000 BSQ from BTC fees ignoring the outstanding reimbursement and burn amounts which are considerable (about 100k BSQ). Those data go back ot Oct 2019, so about 15 months. The average would be then 18k in BSQ, with an average 0.7 BSQ/USD price its about 13000 USD/ month. 
But those are rough estimations and can be easily pretty wrong
BSQ fees have been paids since 21 months (since April 2019) and its 301k BSQ so that is 14333 BSQ/month or 10 000 USD with the average 0.7 price (might be nice to add the USD value of the BSQ fees to the chart).

So if the BTC fee numbers above are more or less correct, it would mean we have earned in average 13k USD with BTC fee and 10K USD with BSQ fees. BTC fees from traders would have been the double so 26k. The ration BTC fee to BSQ fee would be 28% BSQ fee and 72% BTC fee. The opposite as our goal.







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