Trade Protocols
Revision as of 00:04, 29 October 2023 by Darawhelan (talk | contribs) (Created page with "Bisq 2 will offer users the choice of multiple trade protocols. Having multiple trade protocols allows users to choose the trading protocol that will work best for their part...")
Bisq 2 will offer users the choice of multiple trade protocols.
Having multiple trade protocols allows users to choose the trading protocol that will work best for their particular trade requirements.
Different trade protocols have different:
- Trade fees
- Mining fees
- Security mechanisms
- Dispute mechanisms
- Security deposit requirements
- Privacy benefits / tradeoffs
All trade protocols will be able to be accessed from the Bisq 2 application independently. Users will be able to switch between trade protocols for different trades should they wish.
Bisq Easy
Bisq Easy will be the first trade protocol for Bisq 2. It will be accessible on the launch of Bisq 2.
See here for more information about Bisq Easy.
Future Trade Protocols
Bisq is planning on making the follow trade protocols available on Bisq 2:
- Lightning Network based trade protocol
- 2-of-2 multisig with security deposit (current trade protocol used by Bisq 1)
- 2-of-2 multisig without dispute resolution (mutually-assured destruction / MAD)
- BSQ swaps (swap BSQ and BTC)
- Same-chain atomic swaps (e.g. Liquid L-BTC/L-USDT; etc)
- Cross-chain atomic swaps (e.g. XMR/BTC)
- 2-of-2 Liquid BTC multisig with security deposit (similar as current trade protocol used by Bisq 1 but with LBTC to reduce fees)
Trade protocols are designed to be modular so more trade protocols can be added in the future.