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

• BMI pool on Bancor v3 has a surplus
• This proposal is looking to set the funding limit to 0

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 BMI pool if it is currently in surplus. Otherwise, if at any point in time within 30 days of this proposal passing the pool goes into surplus then the funding limit can be set to 0.

Against

Do nothing.