Difference between revisions of "Donation Address Owner"
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== Duties == | == Duties == | ||
| − | * [https://github.com/bisq-network/proposals/issues/294 Trade directly] with [[Arbitrator|Refund Agent]] to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet. | + | * [https://github.com/bisq-network/proposals/issues/294 Trade directly] with [[Arbitrator|Refund Agent]] to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet. The trade should take place at the BSQ/BTC rate they proposed in the Arbitrator's accepted github issue if is is within one cycle of their reimbursement proposal being accepted. |
| − | * Trade directly with [https://github.com/bisq-network/proposals/issues/296 partially reimbursed traders] to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet. | + | * Trade directly with [https://github.com/bisq-network/proposals/issues/296 partially reimbursed traders] to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet. The trade should take place at the BSQ/BTC rate partially reimbursed traders propose in their accepted github issue if is is within one cycle of their reimbursement proposal being accepted. |
* Approximately 4 times a month buy BSQ with 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 | ** Buy BSQ with the lowest priced offers first | ||
Revision as of 23:24, 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. The trade should take place at the BSQ/BTC rate they proposed in the Arbitrator's accepted github issue if is is within one cycle of their reimbursement proposal being accepted.
- Trade directly with partially reimbursed traders to buy BSQ with the BTC that has collected in the donation address wallet / trade fee address wallet. The trade should take place at the BSQ/BTC rate partially reimbursed traders propose in their accepted github issue if is is within one cycle of their reimbursement proposal being accepted.
- 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.
