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+---
+layout: post
+title: "Bisq DAO Cycle 16: Results"
+author: Steve Jain
+excerpt: "Cycle 16 of the Bisq DAO ended at block 646,626 on 02 September 2020. This post covers its results. <br><br>"
+lang: en
+---
+
+This post summarizes the results of Cycle 16 of the Bisq DAO.
+
+### Summary
+
+* Cycle took place between blocks 641,947 and 646,626
+  * Calendar dates: 02 August 2020 - 02 September 2020
+* 25 proposals
+  * 1 proposal to change a parameter
+  * 24 compensation requests
+* 263 votes cast
+* 58,383.68 BSQ issued for compensation (79,985.25 BSQ was issued in total, of which 9,850.6 was for reimbursing [an arbitrator](https://bisq.wiki/Arbitrator) and 11,750.97 was for user-initiated reimbursements)
+* 10,511.67 BSQ was burned through fees (76,511.67 BSQ was burned in total, of which 66,000 was from proof-of-burn transactions that consisted of BTC trading fees and deposits from arbitrated trades)
+
+Please note that proof-of-burn transactions and arbitrator reimbursements do not map neatly to DAO cycles, meaning that some of the funds involved with these issuances (and burns) are from previous cycles.
+
+Compensation by function:
+
+**Dev**|**Growth**|**Ops**|**Support**|**Admin**|**Total BSQ**
+-----|-----|-----|-----|-----|-----
+27,042|4,949|17,873|8,777|441|59,083
+
+See more details by browsing the [compensation requests on GitHub](https://github.com/bisq-network/compensation/milestone/7?closed=1).
+
+### Proposal Details
+
+**Increase asset listing fees**
+
+Generic proposal ([link](https://bisq.network/dao-proposals/245){:target="_blank"})
+
+_Accepted_
+
+Asset listing fees were 1 BSQ per day, and upon DAO approval, this proposal increased them to 10 BSQ per day.
+
+Rationale: although adding new altcoins is currently on hold, the 1 BSQ per day fee to list new altcoins is so low that it becomes a cheap PR opportunity for altcoin marketers to show off how many exchanges their altcoin is listed on.
+
+Increasing the fee better values the Bisq network and increases the barrier to be listed to a more reasonable but manageable level.