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

[chimp1984]

> Would there would be a deadline for users to burn BSQ by if they wished to receive trade fees for the following cycle? 

I think to keep time periods short reduces risks for misallocations and lowers potential loss for both sides.
Maybe one cycle is a good unit. So at current cycle one can make a burn BSQ tx to become fee collector for the upcoming cycle. 

> And that the current amount of BSQ burned would be known by any potential participant?

Yes thats a good question.
One option to avoid that everyone tries to wait until the last block to get more information would be to weight the share with the block height. So if you burn at the first block of the cycle you get 100% and if you burn at the last block it goes down to 50%. So early birds get a bonus as they take higher risk. The numbers need to be adjusted maybe, But something in that range could work. Maybe it need to be even more aggressive as its a very important information how large the pool is.

That way there is enough motivation to burn early and then the others can see if there is still headroom in the pool for a realistic profit. E.g. if after 5 days in the cycle the pool has already 10 K BSQ burned and from past cycles we had about 20K USD revenue on BTC fees then its clear that adding more to the pool comes with higher risk that collectors do not make a profit. Those who would add more later pay even more for the loss as there weight is smaller.   



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