Bisq DAO Cycle 21

The figures on this page are compiled from data files generated by the Bisq software. You can verify everything yourself by running these scripts on GitHub.

Cycle Started9 Jan 2021 / Block 665347

Cycle Ended10 Feb 2021 / Block 670026

Supply Change+ 272,724

Governance30 of 32 proposals accepted

Network Funds Transfers

BSQ Amount # of transactions
 Trading fees² 9,381 2,900
 Compensation request fees 46 23
 Blind vote fees 28 14
 Reimbursement request fees 12 6
 Proposal fees 6 3
Total Burn 9,473 3,094
 Compensation³ 81,097
 Reimbursements⁴ 201,101
Total Issuance 282,197
Net BSQ Supply Change⁵ +272,724

¹ Proof-of-burn includes trading fees paid in BTC and disputed BTC deposits for trades that went to arbitration (see docs for more details). Funds may be accrued and burned in different cycles, so proof-of-burn figures do not map directly to activity in their cycles.

² BSQ trading fees only. BTC trading fees are included in proof-of-burn.

³ See more details on GitHub.

⁴ Over time, the net impact of reimbursement issuances on BSQ supply is close to zero, as corresponding amounts of BTC are burned through proof-of-burn (see docs for more details).

⁵ Decreases in BSQ supply are good.


Parameter change proposal for DEFAULT_MAKER_FEE_BSQ


Parameter change proposal for DEFAULT_TAKER_FEE_BSQ


Parameter change proposal for ISSUANCE_LIMIT


This proposal increased the maximum BSQ issuance parameter from 300,000 to 400,000.

Reasoning: the invalidation of Cycle 20 results led to a need for more issuance in Cycle 21. A handful of contributors also avoided making compensation requests to avoid hitting the issuance limit again. While another invalidated cycle isn’t expected, it would be good to have the capability to handle extra issuance capacity if/when needed. Needing to accommodate more reimbursement requests than usual is another potential use case for the increased issuance limit.

Aside from these use cases, the Bisq DAO has proven itself to be robust enough over the past 20 cycles (almost 2 years) to justify increasing the limit (the limit is intended to be a security measure).

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