Bancor

This proposal is expected to appear on Snapshot for voting on [date=2022-07-10 time=15:00:00 timezone=“UTC”]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

We should route the vortex burner through the V3 pool. As it currently stands, it’s still going through the V2.1 pool.

Reasoning :

• The VBNT V3 pool is currently bigger than the V2.1 one, meaning that v2.1 is subject to higher slippage on all swaps
• The earnings from these swaps will be better distributed to BNT holders on B3, due to how B3 is designed ( in V2.1 it’s isolated per pool, while in V3 it’s spread across all BNT stakers)
• It’s a good way to incentivize VBNT stakers to migrate their positions to V3. This way we don’t need a separate burner cap on the V2.1 VBNT pool, now that the vortex will be ramped up to a 100% (see proposal)

Below the screenshots of the current V3 pool and V2.1 pool respectively:

Etherscan link

Etherscan link

I believe the above reasoning makes this a logical choice and also preparation to completely migrate from V2.1, which will in turn make it easier for the developers to keep an organized view.

TLDR;

Vote FOR to have the vortex swaps route through the B3 pool Vote against to have the vortex routing stay as it is.