Bancor

This proposal is expected to appear on Snapshot for voting on [date=2022-07-17 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.

TL;DR

• Given the existing deficit, it seems like any solution will likely include, at least for some time, a high network fee.
• All the options in the proposal below and in the vast majority of the over 100 comments seems to include high network fee/vortex:

https://gov.bancor.network/t/feedback-request-potential-direction-for-recovery/3787

• Given this, why not set the V3 vortex to 90% now?

Summary

• A detailed summary of the situation and approaches are here: https://gov.bancor.network/t/feedback-request-potential-direction-for-recovery/3787

Implementation

• V3’s vortex is not yet implemented
• Given that the protocol is likely to undergo larger changes, it does not make sense to continue to build the vortex now and the make a new one after changes are made (for context read this [Feedback Request: Potential Direction for Recovery - https://gov.bancor.network/t/feedback-request-potential-direction-for-recovery/3787 *The collected BNT are here under pendingNetworkFeeAmount Bancor: Bancor Network V3 | Address 0xeEF417e1D5CC832e619ae18D2F140De2999dD4fB | Etherscan
• Its about 174,000 BNT at time of writing

FOR - Set V3 vortex to 90% AGAINST - Make no Changes