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BancorBancorby0xc26892F608B3E97A24149F9C273449416e222060definavigator.eth

Proposal: Pause Bancor during The Merge

Voting ended over 3 years agoDefeated

This proposal will appear on Snapshot on Sunday, September 4th.

For: Pause Bancor 15 minutes before, and reenable it 15 minutes after The Merge Against: Do nothing

TLDR:

  • Pause Bancor 15 minutes before The Merge
  • Reenable Bancor 15 minutes after The Merge

Overview

The Merge is coming on September 15th: https://797.io/themerge/

Bancor's analysis of The Merge is that no action is needed: https://gov.bancor.network/t/analysis-of-bancor-the-merge/4042

While the transition from proof-of-work to proof-of-stake is expected to be seamless, there is always the risk of unknowns. To account for unknowns, Bancor could be paused 15 minutes before The Merge, and reenabled 15 minutes after as long as everything appears to be fine.

Again, no issues are expected to occur from The Merge, and the vast majority of protocols will be doing nothing before or after the transition. Both options seem viable - either to pause or do nothing.

Off-Chain Vote

For
137.96K vBNT5.3%
Against
474.86K vBNT18.2%
Abstain
2M vBNT76.6%
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Discussion

BancorProposal: Pause Bancor during The Merge

Timeline

Sep 04, 2022Proposal created
Sep 04, 2022Proposal vote started
Sep 07, 2022Proposal vote ended
Oct 26, 2023Proposal updated