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For Cycle 10 #477

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burningman2 opened this issue Jan 25, 2020 · 10 comments
Closed

For Cycle 10 #477

burningman2 opened this issue Jan 25, 2020 · 10 comments
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was:accepted Indicates that a compensation request was accepted by DAO voting
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@burningman2
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burningman2 commented Jan 25, 2020

Summary

  • BSQ requested: 223 BSQ (150 USD / 0.67 USD = 223 BSQ)

Roles performed

BTC donation address owner/burning man.

Buying BSQ with BTC funds from donation address and burning the BSQ.

Report Jan. 25th 2020: bisq-network/roles#80 (comment)
Requested: 50 USD

Report Feb. 2nd 2020: bisq-network/roles#80 (comment)
Requested: 50 USD

Report Feb. 8th 2020: bisq-network/roles#80 (comment)
Requested: 50 USD

Compensation for locking up a 50 000 BSQ fund:
Requested: 500 BSQ (1%)

@burningman2 burningman2 changed the title [WIP] For Cycle 10 For Cycle 10 Feb 8, 2020
@ripcurlx
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Compensation for locking up a 50 000 BSQ fund:
Requested: 500 BSQ (1%)

I wanted to ask this already in our last compensation request, but forgot to mention it. Do we want to have this for all locked up bonds? I'm asking as I have more than 150k locked up bonds myself.

@sqrrm
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sqrrm commented Feb 10, 2020

I think it's reasonable to ask compensation for this risk of locking up funds.

@cbeams cbeams self-assigned this Feb 10, 2020
@burningman2
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There has been a proposal in the past to figure out a common % for the locked up bond but it did not result in a consensus but had rather lot of misunderstanding so it was closed without result. I think 1% is a fair value for taking out BSQ from trade opportunities considering the high volatility of BSQ but I am open to any different number based on consensus.

@wiz
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wiz commented Feb 11, 2020

NACK because there is currently zero budget allocated for interest payment on bonds, and we should stick to the budget. AFAIK this is something that the DAO has never paid before and IMO the correct way to do this is simply request compensation for the bonded role itself, which can be part of the new budget / compensation process.

@cbeams
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cbeams commented Feb 11, 2020

Support team lead review

@burningman2, regarding the 500 BSQ request for compensation / interest on your bond, I know this has been accepted in previous compensation requests, but per bisq-network/admin#30, I'm requesting that you drop this amount from the current request and defer it until Cycle 11 in order to give us a chance to make a proper decision about this policy going forward. It's appropriate that we do this now in light of the new budget rollout, and in light of the general "roles cleanup" effort that's underway (which includes making sure all bonds for bonded roles are in order).

If you're willing to do that, please update your request accordingly and add a comment here indicating you've done so. Feel free to create a WIP Cycle 11 request now in order to capture the deferral of your request there, perhaps with a note about this pending decision. Thanks.

@burningman2
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@cbeams Sure I agree to dropping it.

I am ok to drop it completely (not adding to cycle 11) as most other bonded role owners have not requested a compensation for that as well.

I think long-term we should compensate for a role as the involved work for roles are not always covering that. But as the economic situation is forcing Bisq to cut expenses I think it might be best to postpone that until Bisq reaches "break even" over serveral cycles and enters sustainibility terrain.

@burningman2
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Made a new DAO compensation request with Tx ID: 0877e6ebc712c6970556242b30d23af2132688e5f40241012d2f9d2ece26cc27

If the old request re-appears at voting (due a bug) please down vote it.

@sqrrm
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sqrrm commented Feb 11, 2020

I feel it's wrong to drop the request for compensation for putting up a bond. In particular for the burningman and refund agent I would go out of my way to make it right by them as they are thoroughly thankless but crucial roles.

@cbeams
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cbeams commented Feb 12, 2020

@burningman2 wrote:

Made a new DAO compensation request

Thanks. In the future, per https://github.com/orgs/bisq-network/teams/dao/discussions/2, please hold off on submitting your DAO proposal until team lead review is complete. It'll avoid this kind of rework.

@sqrrm wrote:

I feel it's wrong to drop the request for compensation for putting up a bond.

I agree, and it's why I really did mean defer here. I simply want to be conservative with green-lighting anything like this until we have a clear and consistent policy about it. As mentioned, I'm making it a priority to have this done for Cycle 11. Thanks for saying so in any case.

@cbeams cbeams moved this from In Review to Proposal Submitted in Compensation Requests Feb 12, 2020
@cbeams cbeams added this to Proposal Submitted in Compensation Request Board Feb 17, 2020
@MwithM MwithM added the was:accepted Indicates that a compensation request was accepted by DAO voting label Feb 22, 2020
@MwithM
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MwithM commented Feb 22, 2020

Was accepted

@MwithM MwithM closed this as completed Feb 22, 2020
Compensation Request Board automation moved this from Proposal Submitted to Closed Feb 22, 2020
@cbeams cbeams added this to the Cycle 10 milestone Apr 7, 2020
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