[bisq-network/proposals] Have a clearly defined process for how Burning man trades BTC from donation and trade fee addresses for BSQ (Issue #367)

pazza notifications at github.com
Sat Mar 19 17:35:12 CET 2022


## Proposed process

I have summarized the above, to see is a rough consensus:

Burning Man to use funds from both fee and donation addresses to:

- Trade directly with the Refund Agent shortly following their reimbursement request
- Trade directly with traders that have been partially reimbursed following their reimbursement request (limit of one cycle post reimbursement)
- Use remaining (unallocated for the above) BTC to buy BSQ on the BSQ/BTC market
	- Buy BSQ with the lowest priced offers first
	- Take offers to sell BSQ regardless of size (small or large)
	- Not take any offer with a price 20% above the rolling weighted 30 day BSQ/BTC average

Other notes

- Burning Man to never make offers to Buy BSQ. Only to take offers from others.
- Burning Man to take offers with no announcement, should happen at least 4 times per cycle.
- At least once per cycle, when taking offers, Burning Man should use all BTC funds up to the point where sell BSQ offers are 20% above the weighted 30 day BSQ/BTC average. 
- Burning Man to post trades taken, and proof of burn of their role issue, this is currently being done.

As Burning Man is not taking offers with a 20% above the weighted 30 day BSQ/BTC average there may be occasions that BTC funds build up in the fee or donation addresses. This will likely only be for a short period as it will resolve with normal market cycles.

I think the above would make the situation more preferable to contributors in that they know that there offers to sell BSQ will be taken as long as their is enough liquidity in the Burning Man addresses (publicly available) and they do not make their offer over 20% of 30 day BSQ average. 

If people are happy with the above please can they give a thumbs up.

If people are not happy with the above please can they give a thumbs down, and if possible mention which parts they are in disagreement with, or think have been missed.

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