Proposal for the Bancor v2.1 vortex to use 100% of fees to burn BNT
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
- The Bancor v2.1 vortex to use 100% of fees to burn BNT
- The Bancor v2.1 vortex will not burn vBNT any longer
Summary
The reduction in BNT supply is the most important number for all Bancor v2.1 and Bancor 3 LPs. This affects the pool deficits as burned BNT is bought from the markets first. It is important for any outsiders that is looking at BNT to know that it is deflationary.
How will the Bancor v2.1 vortex be made to burn BNT? That I will leave to the devs, the only thing that’s important is that it happens a safe manner.
For
The Bancor v2.1 vortex to use 100% of fees to burn BNT
Against
Do nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 2M | Abstain |
 0x4571...9b30bE | 318,307 | For |
 0xd0C5...F449bD | 250,513 | Against |
 0x21dB...18AF45 | 233,857 | For |
 0x9268...dc3641 | 149,075 | For |
VOTE POWER
Proposal Status
- Sun October 01 2023, 01:00 pmVoting Period Starts
- Wed October 04 2023, 04:00 pmEnd Voting Period
Current Results
1-Abstain
2M
2-For
965,577.182
3-Against
250,513.293