Proposal for Bancor 3 to use 100% of fees for BNT market buy back and burn
This proposal is split from the discussion that has happened in this thread
https://gov.bancor.network/t/bancorians-for-a-stronger-bnt/4434
and Bancorians should read that post to have an understanding about this proposal
TL;DR
100% of fees in Bancor 3 to be used for BNT market buy
Summary
Bancorians and LPs staked in Bancor 3 get small yield benefit from 10% of fees accumulating in their LP tokens. Instead of 90% of fees in Bancor 3 to be used for buying BNT from the market this proposal will move this to 100%.
Why? ALL BNT holders are treated the same and benefit equally no matter where you are stake. Token LPs in Bancor 3 do not care about the negligible 10% fees that they are receiving and would prefer for their positions to be in surplus. This proposal seeks to further help with deficit reduction efforts.
How will 100% of fees in Bancor 3 to be used for BNT market buy? That I will leave to the devs, the only thing that’s important is that it happens safe manner.
For 100% of fees in Bancor 3 to be used for BNT market buy
Against Do nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 2M | Abstain |
 0x4571...9b30bE | 318,307 | For |
 0x21dB...18AF45 | 233,857 | For |
 0x9268...dc3641 | 149,075 | For |
 0xkeyrock.eth | 98,998 | For |
VOTE POWER
Proposal Status
- Sun October 08 2023, 03:00 pmVoting Period Starts
- Wed October 11 2023, 06:00 pmEnd Voting Period
Current Results
1-Abstain
2M
2-For
915,223.621