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BancorBancorby0xdfCAD9Da6649a47D808a30A7707de5a54aA0aa210xdfCA…aa21

Burning the vortex v3 captured BNT

Voting ended almost 3 years agoSucceeded

We should decide what to do with the BNT amount we captured from the B3 vortex. This amount currently sits at exactly 1,998,118.99429 and can be found via this link ( Select value 9).

As we are phasing out vBNT, so will the vortex function change with it. Exchanging BNT to vBNT is thus a meaningless action, which thus lets us decide what to do with all these captured BNT.

That's why I propose to burn the total available BNT in the contract when it reaches exactly 2,000,420.69, in the spirit of the national holiday of Degens. As it stands, this BNT won't be used for anything and it's basically burned already in a sense, but it doesn't reflect in the official numbers, like on etherscan shown here below. That's why we need to officially burn it to make this transparent for the community. How this burning will be managed? That I will leave to the devs, the only thing that's important is that it happens safely and is reflected in the contract.

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TL;DR:

Vote FOR to officially burn the total available BNT in the B3 vortex once it reaches 2,000,420.69 Vote AGAINST leaving the BNT as it is.

Off-Chain Vote

For
951.69K vBNT32.2%
Against
8.64 vBNT0%
Abstain
2M vBNT67.8%
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Discussion

BancorBurning the vortex v3 captured BNT

Timeline

Apr 20, 2023Proposal created
Apr 20, 2023Proposal vote started
Apr 23, 2023Proposal vote ended
Oct 26, 2023Proposal updated