Difference between revisions of "Donation Address Owner"

From Bisq Wiki
Jump to navigation Jump to search
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

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.