[bisq-network/proposals] Used burned BSQ to become a fee receiver (Issue #359)

chimp1984 notifications at github.com
Thu Jan 27 00:41:01 CET 2022


> It's a future market prediction on how many trading fees is going Bisq to generate.

Yes exactly. Have not seen it that way but yes its a prediction market.

> In a multicurrency system, how are the trading fees going to be paid?

No details yet defined. but for instance a L-BTC-USDT trade might either have 2 fee payments in the users currency (e.g. L-BTC seller pays in L-BTC and L-BTC buyer pays in USDT, so that does not introduce dependencies in case the user has no money of the asset they will receive yet. Or it could be that one side pays for both similar like we do it in BSQ swaps, but I think its more clear and transparent if both pay their fee in the currency they have.

So that will require that fee-collectors choose if they want L-BTC or USDT or both and do 2 x BSQ burning.

For niche markets there might be different treatments. Either no fee or longer time scopes to avoid frictions. E.g if you want to be fee collector for Doge then you might have 3 or 6 cycles instead of 1 cycle... many open details but I think that is all manageable. Tiny amounts of fees are probably not worth to worry about....
  


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