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Add cycle 16 report #401

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Sep 22, 2020
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Add cycle 16 report #401

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Add cycle 16 report
Sep 21, 2020
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Make date format more clear
Sep 22, 2020
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44 changes: 44 additions & 0 deletions _posts/2020-09-19-cycle-16-results.md
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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 September 02 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: 08/02/2020 - 09/02/2020
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* 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.