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BancorBancorby0xdfCAD9Da6649a47D808a30A7707de5a54aA0aa210xdfCA…aa21

Proposal for Bancor 3 to use 100% of fees for BNT market buy back and burn

Voting ended over 2 years agoSucceeded

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.

Off-Chain Vote

For
915.22K vBNT31.4%
Against
0 vBNT0%
Abstain
2M vBNT68.6%
Download mobile app to vote

Discussion

BancorProposal for Bancor 3 to use 100% of fees for BNT market buy back and burn

Timeline

Oct 08, 2023Proposal created
Oct 08, 2023Proposal vote started
Oct 11, 2023Proposal vote ended
Oct 26, 2023Proposal updated