[bisq-network/proposals] Adjust DAO parameter for "bond factor" from 1000 to 200 (#311)

wiz notifications at github.com
Thu Feb 11 04:15:57 CET 2021


> _This is a Bisq Network proposal. Please familiarize yourself with the [submission and review process](https://docs.bisq.network/proposals.html)._

### Background

The Bisq DAO has a "bond factor" parameter, which is currently set to `1000`. The "bond factor" is the multiplier which determines the BSQ requirements for various DAO bonded roles. For example, the Bisq Seednode Operator role has a bond requirement of `20`, which gets multiplied by the "bond factor" parameter, and so currently you need to post a `20000 BSQ` bond to legally be able to run a seednode for Bisq.

### Issue

Due to Bitcoin's patented Number Go Up technology and various billionaires doing an excellent job of pumping the price, the Bitcoin price has nearly reached $50K USD - which is great, we're all rich now - but this also means you need an equivalent of around $60,000 USD locked in a BSQ bond just to run a Bisq seed node which only pays you $100 per month.

<img src="https://user-images.githubusercontent.com/232186/107597722-dc14ac00-6c5e-11eb-8893-5c7021fd6bee.jpg" alt="too damn high" width="350">

TL;DR The BSQ bond requirements are too damn high.

### Proposal

Since we all know the Bitcoin price will continue to increase, as well as the BSQ value in sats, I think it's reasonable to adjust the numbers down to match current reality. I propose to reduce the "bond factor" parameter from `1000` to `200`, and to permit current BSQ bond holders to un-lock and re-lock their BSQ bonds in line with the new values over the next 6 month periods if they so desire.

This means all BSQ bond requirements will be reduced to 1/5 of their current values, so for example the Bisq Seednode Operator role will now only require a 4000 BSQ bond instead of 20K BSQ, which would be about $12K USD.

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https://github.com/bisq-network/proposals/issues/311
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