Bancorians have previously created proposals to burn the collected BNT by the Bancor 3 vortex

https://gov.bancor.network/t/proposal-burn-the-vortex-bancor-3-captured-bnt/4415

https://gov.bancor.network/t/burning-the-vortex-v3-captured-bnt/4243

https://gov.bancor.network/t/proposal-focused-discussion-on-burning-bnt-collected-by-the-bancor-vortex-in-the-v3-vault-when-it-reaches-1m/4087

this process is creating unneeded work for the DAO.

TL;DR

With this proposal, I want the Bancor DAO to automatically grant forever the ability for the bancor 3 collected BNT to be burned every time it reaches 1m in its entirety.

Summary

Bancorians should decide what to do with the BNT amount we captured from the Bancor 3 vortex. This amount currently sits close to 500k and can be found via this link ( Select value 9).

I am proposing for this BNT to be burn every time the total available captured BNT in the contract reaches 1m BNT going forward. As it stands, this BNT doesn’t reflect in the official numbers for circulating supply on Etherscan. That’s why we need to officially burn it to make this transparent for the community.

How will this burning will be managed? That I will leave to the devs, the only thing that’s important is that it happens safely everytime it reaches 1m and is reflected in the BNT contract.

For

Grant the ability for the Bancor 3 Vortex collected BNT to be burned in its entirety every time it reaches 1m

Against

Do nothing