Difference between revisions of "Donation Address Owner"
Jump to navigation
Jump to search
(→Duties) |
(→Duties) |
||
| Line 20: | Line 20: | ||
** Announce at least 2 trading sessions per month in the [https://github.com/bisq-network/roles/issues/80 role issue] a few days in advance | ** Announce at least 2 trading sessions per month in the [https://github.com/bisq-network/roles/issues/80 role issue] a few days in advance | ||
* Occasionally make offers in Bisq to buy BSQ with BTC that has collected in the donation address wallet / trade fee address wallet. | * Occasionally make offers in Bisq to buy BSQ with BTC that has collected in the donation address wallet / trade fee address wallet. | ||
| − | * Burn the purchased BSQ | + | * Burn the purchased BSQ and post trades taken, and proof of burn on the [https://github.com/bisq-network/roles/issues/80 role issue] |
| + | * 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. | ||
== Rights == | == Rights == | ||
Revision as of 23:19, 4 September 2022
The Donation Address Owner (sometimes referred to as the "burning man") controls the BTC address where BTC trade fees and funds from time-locked payout transactions are sent.
Please see arbitration for more details on how this role works with other elements of Bisq's decentralized dispute resolution process.
Issue
https://github.com/bisq-network/roles/issues/80
Team
https://github.com/orgs/bisq-network/teams/donation-address-owners/
Duties
- Trade directly with Refund Agent to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet.
- Trade directly with partially reimbursed traders to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet.
- Approximately 4 times a month buy BSQ with BTC that has collected in the donation address wallet / trade fee address wallet.
- Buy BSQ with the lowest priced offers first
- Take offers to sell BSQ regardless of size (small or large)
- Avoid taking any offer with a price 20% above the rolling weighted 30 day BSQ/BTC average
- Announce at least 2 trading sessions per month in the role issue a few days in advance
- Occasionally make offers in Bisq to buy BSQ with BTC that has collected in the donation address wallet / trade fee address wallet.
- Burn the purchased BSQ and post trades taken, and proof of burn on the role issue
- 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.
Rights
- Ownership of the Bisq donation addresses for fees and delayed payouts. Deprecated address is 3A8Zc1XioE2HRzYfbb5P8iemCS72M6vRJV.
Compensation
The Donation Address Owner's role is compensated $1,000 USD in BSQ equivalent every Bisq cycle (approximately every month).
Bonding
A 50,000 BSQ bond is required.
