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BancorBancorby0xdfCAD9Da6649a47D808a30A7707de5a54aA0aa210xdfCA…aa21

Proposal to sell Bancor 3 token surpluses for ETH

Voting ended over 2 years agoSucceeded

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

https://gov.bancor.network/t/consolidating-recent-proposals-by-alphavalion/4330/27

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

TL;DR

  • Pools on Bancor 3 that have a surplus and are disabled to have the surplus converted to ETH

Summary

This is fairly simple and straight forward that will convert token surplus using a

  1. Public Function that trades each TKN for ETH on another exchange, based on any decentralized oracle

Notes:

  • Trading the surplus should only be done on pools where the trading liquidity has already been set to 0
  • 0.2% of the TKN to be provided to the caller as a reward
  • 0.3% Max Slippage

For

Sell Bancor 3 token surplus for ETH

Against

Do nothing.

Off-Chain Vote

For
623.16K vBNT18.3%
Against
0 vBNT0%
Abstain
2.78M vBNT81.7%
Download mobile app to vote

Discussion

BancorProposal to sell Bancor 3 token surpluses for ETH

Timeline

Jul 13, 2023Proposal created
Jul 16, 2023Proposal vote started
Jul 19, 2023Proposal vote ended
Oct 26, 2023Proposal updated