Expected on Snapshot on August 6, 2023

The guidelines in the Bancor due process

https://gov.bancor.network/t/a-guide-to-bancordao-due-process/1669

have this caveat which I am invoking to have this proposal go up for vote on this upcoming Sunday

Similarly, urgent matters requiring immediate action can expedite the sufficient time requirement.

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

https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279

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

TL;DR

• LINK pool on Bancor v3 might have a surplus in the future
• This proposal is looking to set the funding limit to 0 if it goes into surplus in the future

Summary

This is fairly simple and straight forward. Setting the funding limit to 0 on a Bancor 3 pool means that it no longer trades as there is no BNT liquidity allocated to it. Any BNT liquidity currently allocated to the pool is burned.

For

Set the funding limit to 0 on the LINK pool if it is currently in surplus. Otherwise, if at any point in time within 365 days of this proposal passing the pool goes into surplus then the funding limit can be set to 0.

Against

Do nothing.