Bancorians for a stronger BNT

Community Chatroom (DISCUSSION)
21

Exactly the price of the pool. So, slippage exists.
Whereas, a buyback would not include slippage.

Either way, this isn’t the crux of my initial gripe with your idea.
You are stripping away the usecase of vbnt, and giving bnt it’s use and therefore stripping away value from vbnt.

22

I see both buybacks at the pool price or some other ratio as leading to more BNT inflation which does not help with reducing BNT supply.

Please vote against the proposal that strips away the value of vBNT. vBNT is still going to be a governance token for Bancor.

23

I’m not sure either, but it would made sense if this can work easily with the snapshot system.

Can stick with what you first suggested to keep things quick and simple. vBNT and BNT.

1 Like
24

A major key in why anyone would boost up a vBNT postion is because of its exclusivity in governance. Changing this crashes the whole vBNT\BNT trading dynamic. Is this fair to those traders?

25

To be clearer. Some traders have been hodling extra vBNT because of key features that are now being diluted away. Isnt it fair to give them a clean swap back into 1:1 BNT because of these changes?

1 Like
26

The proposal is not looking to remove vBNT as a governance token. If traders have extra vBNT they can already swap back to BNT via the existing liquidity pools that exist. Bancorians should do what is best for the protocol and all users.

2 Likes
27

It has been some weeks and it is time for Bancorians to make their voices heard. There are two proposals that will be voted by the DAO to start this process

2 Likes
28

How is this not cratering the value of vbnt and the holders of vbnt?

1 Like
29

This proposal not, but it’s first step to remove vBNT.

30

Both proposals are going to past and Bancorians seem to be voting in favor of these changes. vBNT holders are also BNT holders and a strong BNT is beneficial to ALL bancorians.

It is not about vBNT vs. BNT, it is about what is best for Bancor protocol, Carbon, Token LPs, BNT LPs, and all users of Bancor.

1 Like
31

The previous two proposals have now passed

and I have another proposal in governance

that will use 100% of v3 fees for BNT buyback

2 Likes
32

https://vote.bancor.network/#/proposal/0x74917631a57cfbd39b06f25473941a993cdf1e57f2873bfe46a9f62bfee5e8f4

2 Likes
33

The initial three proposals have passed. A fourth proposal has been submitted to the Bancor DAO.

2 Likes