Proposal - Cancel Cooldown and Withdrawal Fee while ILP is Paused

This proposal is expected to appear on Snapshot for voting on June 26, 2022. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

To pass, this proposal needs a quorum of 35% and 66.7% FOR votes.

TL;DR

● Impermanent loss protection (ILP) is not currently enabled on the Bancor Network

● Two protections that are in place - the cooldown and the withdrawal fee - may be removed while ILP is not active without apparent risk to the protocol

Summary

The cooldown and the withdrawal fee are proposed to be removed while ILP is not currently enabled.

Voting Instructions

Vote FOR to remove the cooldown and withdrawal fee while ILP is not enabled

Vote AGAINST to take no action