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.