Template:ArbitrationCompensationTable

From Bisq Wiki
Jump to navigation Jump to search
Warn
All trades starting from 1st January 2023 use a new trade protocol (Burning Men Protocol) that is designed to further improve the decentralization of Bisq. The new protocol is a result of the proposal Distribute Burningman role to contributors who burned BSQ which was voted in Bisq DAO cycle 41 with 100% approval.

The protocol change means trades placed from 1st January 2023 will be treated differently in arbitration, as a result of the accepted proposal do not pay out the security deposit of the trade peer to the arbitration case winner, with further improvements from Security deposit compensation table that allows limited compensation under certain conditions.

If a dispute escalates to arbitration, the RefundAgent will pay out the trade amount plus one deposit and, in some cases, a limited portion of the losing user's security deposit. Previously they paid out the trade amount plus both users' security deposits. Therefore, traders in arbitration will notice the following:

  • The arbitration winning party will be compensated with the trade amount, their own deposit, and, depending on the deposit %, may also receive a limited portion of the losing peer's deposit.
  • The arbitration losing party may lose only part of their deposit, rather than the full amount.

This change is necessary for the security of the new protocol.

Arbitration should be seen as a last resort. All efforts should be made by traders to come to an agreement during mediation.