Difference between revisions of "Donation Address Owner"
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(Link to @bisq-network/donation-address-owners team) |
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| − | The ''' | + | 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|arbitration]] for more details on how this role works with other elements of Bisq's decentralized dispute resolution process. | Please see [[Arbitration|arbitration]] for more details on how this role works with other elements of Bisq's decentralized dispute resolution process. | ||
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== Issue == | == Issue == | ||
| − | + | https://github.com/bisq-network/roles/issues/80 | |
== Team == | == Team == | ||
| − | + | https://github.com/orgs/bisq-network/teams/donation-address-owners/ | |
== 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. 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. |
| − | ** Announce | + | * [https://github.com/bisq-network/proposals/issues/366 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. |
| − | * Burn the purchased BSQ | + | * 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 [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. | ||
| + | * 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 == | ||
| − | * Ownership of the Bisq donation address | + | * Ownership of the Bisq donation addresses for [https://mempool.space/address/38bZBj5peYS3Husdz7AH3gEUiUbYRD951t fees] and [https://mempool.space/address/34VLFgtFKAtwTdZ5rengTT2g2zC99sWQLC delayed payouts]. Deprecated address is [https://mempool.space/address/3A8Zc1XioE2HRzYfbb5P8iemCS72M6vRJV 3A8Zc1XioE2HRzYfbb5P8iemCS72M6vRJV]. |
| + | |||
| + | == Compensation == | ||
| + | The Donation Address Owner's role is compensated $1,000 USD in BSQ equivalent every Bisq cycle (approximately every month). | ||
== Bonding == | == Bonding == | ||
| − | [https://github.com/bisq-network/bisq/blob/ | + | A [https://github.com/bisq-network/bisq/blob/42a037e/core/src/main/java/bisq/core/dao/state/model/governance/BondedRoleType.java#L70 50,000 BSQ bond] is required. |
| − | |||
[[Category:Roles]] | [[Category:Roles]] | ||
Latest revision as of 23:25, 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.
