# Nobody cares about Fees ATM, Increase Vortex Burn to 100% **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [June 21, 2022, 1:25pm UTC](https://gov.bancor.network/t/nobody-cares-about-fees-atm-increase-vortex-burn-to-100/3697 "2022-06-21T13:25:55Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![JBsmood](https://avatars.discourse-cdn.com/v4/letter/j/65b543/32.png) [@JBsmood](https://gov.bancor.network/u/JBsmood)\ **Post date:** [June 21, 2022, 1:25pm UTC](https://gov.bancor.network/t/nobody-cares-about-fees-atm-increase-vortex-burn-to-100/3697/1 "2022-06-21T13:25:55Z")
We should increase the Vortex Burn to as high as possible. This is time-sensitive and should be temporary while IL Protection is paused. We should take advantage of all this volatility to put upward price action on the token. This is especially important in this shorting market. We burned around 20k vBNT yesterday at 15%…lets go to 100. **Why?** -Bancor Doesn’t Survive if BNT price tanks. There’s no amount of engineering you can do. -The current “fees” users are “earning” will never be realized if Bancor collapses anyway. Lets put them to good use in the vortex NOW -User confidence may return if BNT price increases. I understand why the team never talks about price. But it’s essential now. Probably the most meaningful thing. ---
**Author:** ![sylentz](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/sylentz/32/147_2.png) [@sylentz](https://gov.bancor.network/u/sylentz)\ **Post date:** [June 22, 2022, 4:02am UTC](https://gov.bancor.network/t/nobody-cares-about-fees-atm-increase-vortex-burn-to-100/3697/2 "2022-06-22T04:02:37Z")
Agree with this. Crank the burn ---
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [June 27, 2022, 11:51pm UTC](https://gov.bancor.network/t/nobody-cares-about-fees-atm-increase-vortex-burn-to-100/3697/3 "2022-06-27T23:51:59Z")
Superseded by: > [@Proposal: Increase Vortex Burn to 100% for V2.1 & 30% for V3](https://gov.bancor.network/t/proposal-increase-vortex-burn-to-100-for-v2-1-30-for-v3/3698): > > This proposal is expected to appear on Snapshot for voting on June 26, 2022 (Lisbon). This proposal is to increase the vortex burn to 100% on version 2.1  This should be ramped up from the current 15% to 100% over 2 weeks. The schedule will be 40% burn rate immediately, 70% after 1 week, and move to 100% after 2 weeks. Next, increase the vortex burn to 30% on version 3. This should be done immediately.  Reasoning: LPs earning fees is of lower importance right now, but volatility is high and thi… I am closing this thread. ---
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [June 27, 2022, 11:52pm UTC](https://gov.bancor.network/t/nobody-cares-about-fees-atm-increase-vortex-burn-to-100/3697/4 "2022-06-27T23:52:05Z")