Comptroller #111
Comments
Profit and loss - August 2021This is my first cycle as for the Comptroller role. Please see below the report for August 2021 (which coincides with cycle 27):
Percentage of fees paid in BSQ in August 2021 was: 22.61% Total fees paid as a percentage of revenue: 0.58% I will maintain a link to the spreadsheet I used with comments on the individual line items. SummaryI have previously reported on the profit and loss for the fiscal year 2020/21 ($51,997 for the whole year), and for July 2021 ($5,325). Although this is my first cycle as the Comptroller a profit of $21,006 is a significant increase in profits when compared to the previous figures. I think it is likely this is the most profitable month to date excluding April 2021 when BTC prices and trade volumes and maybe September 2021 that I have yet to calculate (although contributor costs were higher). The only anomaly with the figures is cycle 27 had low contributor costs. If anyone has any comments, questions or suggestions please let me know. |
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Great to see this come together @pazza83. A few items of feedback, in no particular order:
In any case, I think this is a good start, and if all we do with this role is apply the same methodology to produce the same set of numbers every month, that'll already be a massive improvement. Thanks for taking it on @pazza83. |
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Hi @cbeams Many thanks for the feedback. I have updated the report to include your feedback. Yes, agreed. @leo816 asked me to list under support.
I am not sure what you mean with this? Can you expand?
Included, and updated.
Fixed
The prior table did not include the $483 income from for the DAO received from arbitration fees as a line item. I have included it now and it all balances. ($8,562+$35,096+$483) - $17,351) = $26,790 |
I just mean that when a reader sees the two line items below:
They must mentally add up the items to get a "rolled up revenue number", making it hard to answer the basic question "how much did we take in this month?". I think it's good to see a single, top-line revenue number, denominated in USD, but it can have the calculated BTC and BSQ equivalents right next to it, just for reference. Basically, it's this top-line revenue number that I would want to track over time. Is that number going up or down, cycle-over-cycle? Being able to break the top-line revenue number down into BTC and BSQ parts is of course important information too, but I wouldn't want to miss making the top line number explicit and easily trackable.
Thanks for adding the BSQ column. Instead of putting 'N/A' in the "BTC trade fee revenues" row, however, I'd suggest putting the calculated equivalent BSQ number there too. Just like we do in the other rows with calculated BTC and USD values. |
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I have made the above changes and added a few heading to try and make things clearer. Might also be good to see if I can breakdown trade volume into; Fiat, XMR, other altcoins. I will see if I can do this for the next cycle. |
The updated report looks great now, IMO. Really gives the at-a-glance overview I think we're all wanting. Will be great to see the trendlines in the reported numbers over time. Thanks! Here are a few tweaks I'd suggest to tighten up the presentation: Before
After
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Thanks, I will use your example as the template for the reports. I have used the template to update the role summary and August's report. |
Profit and loss - September 2021This is my second cycle as for the Comptroller role. Please see below the report for September 2021 (which coincides with cycle 28):
Percentage of fees paid in BSQ in September 2021 was: 22.09% Total fees paid as a percentage of revenue was: 0.66% Link to the spreadsheet I used with comments on the individual line items. SummaryThe profit for September 2021 is roughly the same as August 2021. Trade volume was up in September but as were contributor costs. There are no anomalies to report. I have still to complete a review of the data pulled from exporting Bisq associated BTC wallet transactions: bisq-network/bisq#5762 If anyone has any comments, questions or suggestions please let me know. |
Is this exactly the same timeframe as Cycle 28 or just roughly? |
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Hi @ripcurlx for the reports I use calendar months as opposed to DAO cycles. This report is for 1st September - 30th September 2021. Cycle 28 ran from 29th August - 29th September. |
Profit and loss - October 2021This is my third cycle as for the Comptroller role. Please see below the report for October 2021 (which coincides with cycle 29):
Percentage of fees paid in BSQ in October 2021 was: 32.38% this is up from September's 23.94%. Total fees paid as a percentage of revenue was: 0.66% Link to the spreadsheet I used with comments on the individual line items. SummaryThe profit for October 2021 is roughly double that of September 2021. This is because:
October 2021 shows a very positive increase in all trading metrics. There are no anomalies to report. If anyone has any comments, questions or suggestions please let me know. |
Profit and loss - November 2021Please see below the report for November 2021 (which coincides with cycle 30):
Percentage of fees paid in BSQ in November 2021 was: 35.46% this is up from October's 23.99%. Total fees paid as a percentage of revenue was: 0.69% Link to the spreadsheet I used with comments on the individual line items. SummaryThe profit for November 2021 is roughly half of that for October 2021. This is because revenue stayed roughly the same but contributor costs doubled (I think October was a low month for contributor costs). There are no anomalies to report. If anyone has any comments, questions or suggestions please let me know. |
Profit and loss - December 2021I am posting two reports this month so that going forward the figures should be the preceding month. This should give more up-to-date information. Here is the report for December 2021 (which coincides with cycle 31):
Percentage of fees paid in BSQ in December 2021 was: 34.27%. Total fees paid as a percentage of revenue was: 0.6% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a small loss of approximately $2,807. Revenue stayed roughly the same but contributor increased by ~ $20,000 (December's contributor costs were higher than usual due to work being complete for large projects such as BSQ Swaps). There are no anomalies to report. If anyone has any comments, questions or suggestions please let me know. |
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So great to see these reports, @pazza83, thanks. Interesting to see how consistent the USD volume / revenue numbers have been over the last several months. Exciting to see that users are trading on the order of a half a million USD of bitcoin every day now (420k/day to be exact 😉). |
Profit and loss - January 2022Here is the report for January 2022 (which coincides with cycle 32):
Percentage of fees paid in BSQ in January 2022 was: 23.72%. Total fees paid as a percentage of revenue was: 0.66% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a profit of approximately $30,504. Revenue dropped slightly but contributor costs were down were 50% lower than last month, returning to a more usual level. There are no anomalies to report. I am going to try and release a report as soon as possible after each cycle to keep reports as current as possible. If anyone has any comments, questions or suggestions please let me know. |
Great. I noticed that this one came out faster than last month's. Thanks!
I notice that what I've started to do every cycle as these reports come out, is to compare the current numbers with the previous cycles' numbers. I bring up a few separate browser windows side-by-side and visually compare the numbers to try to get a sense of how things are trending. I'm trying to get a bigger picture view with regard to history and change over time. A chart would help. With the reports you've been putting together so far, we finally know the state of the DAO's financials after any given cycle. That's excellent. With these data in hand, we can start plotting them to see trends and get an even better sense of how things are going. I don't have a particular prescription for how to do such charting, whether it's a single chart, multiple charts, etc, but at a high level, I'd like to see the information in the reports above overlaid with the following additional information:
Seeing trade volume, trade count, revenue and BSQ supply numbers plotted together over time would, I think, open up new levels of insight and intuition about the state of the DAO and the project overall. @pazza83, it seems to me that these are all data we have on hand and it would "just" be about plotting them out and, say, adding a screenshot of and link to that plot in the monthly cycle reports here. I don't want to trivialize the effort that might require, but it seems at least doable. Do you agree? Would others find this valuable? Anyone have anything to add or change about what I've suggested above? |
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... and I'd also add the 30-day volume-weighted average BSQ/USD price to the list of data points above, as found in the app at |
Yes, agreed. Next month I will propose to complete the reports for:
This will then mean for the current fiscal year all monthly reports will have been completed. Once I have this data I will look at putting it into table and then charting the values.
Yes, I think it the reports will be useful for decision making.
Yes , agreed it would be beneficial to have all the data in one chart with ability to toggle on/off the data one requires. I have no experience of creating charts though so will take it one step at a time. Initially I will likely tabulate the data and then next step work out how best to present it. In the long-term I think it be useful for the data to all be contained in one place rather than spread between reports here, https://bisq.network/dashboard/ and the DAO section in Bisq. |
Currently for the BSQ calculation I am using the average monthly BSQ/USD price taken from the chart in the DAO:
Not sure if this is weighted or not? Assuming it is? |
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All the above sounds good, @pazza83, thanks.
I imagine you could get an initial cut put together in the same Google Sheet where you've been doing your calculations so far. For example, @ripcurlx has maintained a variety of different charts this way in the Bisq Reporting Sheet.
It is, as per the "30-day volume-weighted average BSQ/USD price" label seen at the top of the screenshot you posted above. |
and @pazza83, you may also like to have a look at this, simpler, Bisq Trading Volume Google Sheet if you don't already know about it. |
Profit and loss - September 2023Here is the profit and loss report for September 2023.
The percentage of fees paid in BSQ in September 2023: 28.70% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a loss of approximately $18,390 in September 2023. The loss is mainly due to a decrease in revenue from Burning Men and and increase in compensation paid to contributors. BTC distributed in September 2023 (2.50716709 BTC): 91,674 BSQ There are no anomalies to report this month. |
Profit and loss - October 2023Here is the profit and loss report for October 2023.
The percentage of fees paid in BSQ in October 2023: 30.70% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a profit of approximately $52,861 in October 2023. The profit has increase due to more BSQ being burnt by the Burning Men. BTC distributed in October 2023 (2.705596 BTC): 98,852 BSQ There are no anomalies to report this month. |
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Posting for reference: Bisq BTC address snapshots 01.12.23
Still just the occasional payment is going to the above addresses. |
Profit and loss - November 2023Here is the profit and loss report for November 2023.
The percentage of fees paid in BSQ in November 2023: 29.04% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a loss of approximately $6,420 in November 2023. Despite an increase in trade volume, the revenue from burning men burning BSQ was down and contributor compensation increased. This resulted in a small loss for the DAO. BTC distributed in November 2023 (3.95958182 BTC): 138,133 BSQ The only anomaly to report this month is that Refund Agent Reimbursements were low this month as miner fees spiked causing many delayed payout transactions to be unconfirmed. Therefore, it is expected for Refund Agent reimbursements to be significantly higher next cycle. |
Profit and loss - December 2023Here is the profit and loss report for December 2023.
The percentage of fees paid in BSQ in December 2023: 25.33% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a profit of approximately $191,427 in December 2023. This was due to the increase in trade volume (largest volume in a cycle in USD terms). BTC distributed in December 2023 (6.21370917 BTC): 201,793 BSQ |
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Note for reference: Number of trades on Bisq per year 2016 2,024 |
Profit and loss - January 2024Here is the profit and loss report for January 2024.
The percentage of fees paid in BSQ in January 2024: 38.37% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a profit of approximately $86,100 in January 2024. BTC distributed in January 2024 (5.41483321 BTC): 145,036 BSQ |
Profit and loss - February 2024Here is the profit and loss report for February 2024.
The percentage of fees paid in BSQ in February 2024: 22.50% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a loss of approximately $37,856 in February 2024. The main reason for this was that the amount of BSQ burned by burning man reduced by about 60,000 BSQ. BTC distributed in February 2024 (8.00884733 BTC): 211,221 BSQ |
Profit and loss - March 2024Here is the profit and loss report for March 2024.
The percentage of fees paid in BSQ in March 2024: 19.58% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a loss of approximately $65,102 in March 2024. The main reason for this was an increase in contributor compensation and a reduction in trade volume. BTC distributed in March 2024 (6.05805403 BTC): 160,345 BSQ |
Bisq Easy Report - April 2024I will include a brief report each cycle for some of the obtainable statistics from Bisq Easy. I will publish this at the same time as the profit and loss report. Therefore, it will provide a snapshot to the progress being made with Bisq Easy.
I will edit the 'TBC' stats at the start of the new month. If anyone has any ideas on what else they would like to see included please let me know. |
Profit and loss - Fiscal Year 2023/24Here is the report for June Fiscal Year 2023/24 (1st April 2022 - 31 March 2023)
Here are the results for the last 2 fiscal years in USD:
Link to the spreadsheet SummaryIn the Fiscal Year 2023/24 the DAO made a profit of approximately $323,110. The bold amounts in the preceding table show the actual revenue / expenses in their native currency (USD/BTC/BSQ). A profit of $322,914 USD is roughly equivalent to a reduction in the BSQ supply by 274,852 over this fiscal period. There are no anomalies to report. |
DAO Profit and loss since introduction of new trade protocol in Jan 2023Here is the report for the burning men activity between 1st Jan 2023 - 31st March 2024.
Since the introduction of the new burning men protocol in Jan 2023 the burning men have made a profit of $923,534 (about 23 BTC) from their burning activity. This represents a cost to the DAO of about $923,534 (this is about 817,825 BSQ). This represents the cost of decentralizing the BTC trade fee and delayed payout addresses. The means for every $1 a burning men receives they are burning $0.60. Or to put it another way for every $1 in BSQ burnt the burning men receive $1.66 back in BTC. This is a return of approximately 66%. This amount would likely be reduced by a change to the protocol to allow the non-absent Trade Peer to Claim Funds Before Arbitration. This will likely be introduced when the existing trade protocol moves over to Bisq 2. Here is a link to the spreadsheet used. |
Profit and loss - April 2024Here is the profit and loss report for April 2024.
The percentage of fees paid in BSQ in April 2024: 19.64% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a loss of approximately $47,092 in April 2024. The main reason for this was a reduction in trade volume. BTC distributed in April 2024 (2.55416991 BTC): 75,406 BSQ |
Bisq Easy Report - May 2024
Changing these reports to the end of the month to make it easier to be able to access all the data needed. |
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Really appreciate these reports, @pazza83. Thanks! |
Profit and loss - May 2024Here is the profit and loss report for May 2024.
The percentage of fees paid in BSQ in May 2024: 24.09% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a profit of approximately $59,036 in May 2024. The main reason for this was an increase in BSQ burnt by burning men. BTC distributed in May 2024 (2.58299674 BTC): 75,878 BSQ |
This looks like a typo above; should be May instead. |
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Thanks, I have edited the above. |
Bisq Easy Report - June 2024
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Profit and loss - June 2024Here is the profit and loss report for June 2024.
The percentage of fees paid in BSQ in June 2024: 22.58% Link to the spreadsheet I used with comments on the individual line items. SummaryThe DAO made a loss of approximately $16,991 in June 2024. BTC distributed in June 2024 (2.52610673 BTC): 77,422 BSQ |
Comptroller
This Comptroller role has been created following the proposal bisq-network/proposals#340
As per the roles wiki I will outline the key aspects of the role to:
Objectives of the comptroller role
To make it easy for Bisq contributors and stakeholders to access brief monthly reports that give a snapshot as to how Bisq is performing in terms of profit / loss ie, is Bisq earning more in trade fees that it is spending (both in terms of USD and BTC).
This would have a positive impact on making it:
Duties
The following are the Comptroller duties:
To report monthly on the following:
To report monthly on the what percentage of fees paid were paid in BSQ.
Rights
None
Owners
N/A
Team
@bisq-network/support
Reporting
I will provide monthly reports underneath this role. As the reports are provided for each calendar month there may be cycles that do not have reports provided.
A annual report similar will also be provided at the start of each fiscal year to report on the previous fiscal year. I will include a summary of observations alongside the report.
Bonding
None as this role is not vital to Bisq operations, nor is any special permissions required.
Compensation
The following compensation will be requested for the role:
Limitations
Some elements lie outside the scope of this role. Specifically auditing the financials. More more information please see comments on the original proposal: bisq-network/proposals#340
Wiki
A wiki will be created for the role in the future and linked here.
Tagging in @cbeams in case I have missed anything
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