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There are open questions how fee payment can be done in Bisq 2.
Here is one idea for trades on Liquid:
A DAO contributor (who earned BSQ by compensation requests) creates signed fee share requests and publish those to the P2P network.
The fee share request contains:
Signature
IssuanceTxId (from there the EC pubKey can be derived, needed to verify the signature)
The L-BTC address
Signing uses the private EC key of the issuance tx and the L-BTC address is the message to get signed.
Any DAO node can verify that the signature is correct.
This fee share request will be used in the Bisq 2 network (if DAO is integrated the verification can be done there by any node, otherwise we need a trust based data transfer solution).
When traders trade LBTC-USDT (or other assets) they pay a fee to one of the fee share request members according to a weighted probabilistic distribution.
If traders trade assets not containing LBTC we can consider to add another major asset address as well (e.g. USDT).
I guess confidential tx can be used so the fee amount is private.
The fee receiver is still not private as it is linked to the issuance requesters identity.
The text was updated successfully, but these errors were encountered:
chimp1984
changed the title
Using merit for LBTC fee payment distribution in Bisq 2
Using merit for L-BTC fee payment distribution in Bisq 2
Jan 23, 2022
There are open questions how fee payment can be done in Bisq 2.
Here is one idea for trades on Liquid:
A DAO contributor (who earned BSQ by compensation requests) creates signed
fee share requests
and publish those to the P2P network.The fee share request contains:
Signing uses the private EC key of the issuance tx and the L-BTC address is the message to get signed.
Any DAO node can verify that the signature is correct.
This fee share request will be used in the Bisq 2 network (if DAO is integrated the verification can be done there by any node, otherwise we need a trust based data transfer solution).
When traders trade LBTC-USDT (or other assets) they pay a fee to one of the fee share request members according to a weighted probabilistic distribution.
If traders trade assets not containing LBTC we can consider to add another major asset address as well (e.g. USDT).
I guess confidential tx can be used so the fee amount is private.
The fee receiver is still not private as it is linked to the issuance requesters identity.
The text was updated successfully, but these errors were encountered: