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closedEnded 3 years ago ยท Snapshot (Offchain)

Proposal to sell Bancor 3 token surpluses for ETH

By 0xdfCA...A0aa21

This proposal is split from the discussion that has happened in this thread

https://gov.bancor.network/t/consolidating-recent-proposals-by-alphavalion/4330/27

and Bancorians should read that post to have an understanding about this proposal

TL;DR

  • Pools on Bancor 3 that have a surplus and are disabled to have the surplus converted to ETH

Summary

This is fairly simple and straight forward that will convert token surplus using a

  1. Public Function that trades each TKN for ETH on another exchange, based on any decentralized oracle

Notes:

  • Trading the surplus should only be done on pools where the trading liquidity has already been set to 0
  • 0.2% of the TKN to be provided to the caller as a reward
  • 0.3% Max Slippage

For

Sell Bancor 3 token surplus for ETH

Against

Do nothing.

Continue Reading
Connect Wallet to Add Note
0
Votes 12
VoterCast PowerVote & Rationale
0xc32E...35cC22
2M

Abstain

0x4571...9b30bE
318,307

Abstain

0x6439...83d8d2
265,678

For

0xd0C5...F449bD
253,371

For

0x21dB...18AF45
233,857

Abstain

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VOTE POWER
0
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Proposal Status
  • Sun July 16 2023, 02:00 pmVoting Period Starts
  • Wed July 19 2023, 05:00 pmEnd Voting Period
Current Results

1-Abstain

2.784M

81.71%

2-For

623,162.517

18.29%
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