# Proposal: Disable deposits on SPELL **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [February 17, 2022, 1:34pm UTC](https://gov.bancor.network/t/proposal-disable-deposits-on-spell/3429 "2022-02-17T13:34:44Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [February 17, 2022, 1:34pm UTC](https://gov.bancor.network/t/proposal-disable-deposits-on-spell/3429/1 "2022-02-17T13:34:44Z")
This proposal is expected to appear on Snapshot for voting on February 20, 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 - I think Bancor should support all tokens that want to be part of the protocol unless there are serious risks. - In my judgement, SIFU holding the funds, with the teams knowledge for at least a month, is disqualifying. - Bancor’s IL insurance means the protocol is on the hook if $SPELL crashes. Accordingly, I want to disable deposits. # Voting Instructions - To disable deposits permanently on SPELL, vote FOR this proposal. - To allow the SPELL pool to continue accepting liquidity, vote AGAINST. - You may ABSTAIN to help reach quorum, without making a decision one way or another. # Why disable? Instead of posting a bunch of links to Twitter and CoinDesk, I’ll just suggest you google SIFU, Daniele, Wonderland, MIM and Tetranode. ---
**Author:** ![tenzent](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tenzent/32/1821_2.png) [@tenzent](https://gov.bancor.network/u/tenzent)\ **Post date:** [February 23, 2022, 7:39am UTC](https://gov.bancor.network/t/proposal-disable-deposits-on-spell/3429/2 "2022-02-23T07:39:02Z")
I understand the concern with Sifu but that’s pretty much only a TIME problem since he’s not involved with abracadabra.