# Proposal: Efficient Utilization of POL Proceeds for Pool Closure and BNT Burning **URL:** \ **Category:** Snapshot Discussion Board\ **Created:** [October 21, 2023, 8:17pm UTC](https://gov.bancor.network/t/proposal-efficient-utilization-of-pol-proceeds-for-pool-closure-and-bnt-burning/4488 "2023-10-21T20:17:50Z")\ **Posts on this page:** 1\ **Showing post:** 15
**Author:** ![alphavalion](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/alphavalion/32/2562_2.png) [@alphavalion](https://gov.bancor.network/u/alphavalion)\ **Post date:** [October 23, 2023, 6:00am UTC](https://gov.bancor.network/t/proposal-efficient-utilization-of-pol-proceeds-for-pool-closure-and-bnt-burning/4488/15 "2023-10-23T06:00:16Z")
I don’t agree with this idea at all and there is already LPs arguing about which pools should be closed because they want preferential treatment for their own positions. This is extremely selfish as everyone is looking out for their own interest instead of the Bancor protocol and ALL LPs. To that extent, I am proposing continuing the BNT buy and burn approach which has led to 50+ pools being closed already. > [@Proposal: Use protocol owned ETH to buy and burn BNT from the markets](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491): > > Expected on Snapshot on November 5th, 2023 This proposal is split from the discussion that has happened in this thread and Bancorians should read that post to have an understanding about this proposal TL;DR Protocol owned ETH to be used to continue the strategy of buying and burning BNT Summary: As part of proposal Bancor 3 token surpluses were converted to ETH. The contract now has about 1800 ETH which Bancorians must decide how to utilize [https://etherscan.io/tokenholdings?a=0xD06…](https://etherscan.io/tokenholdings?a=0xD06146D292F9651C1D7cf54A3162791DFc2bEf46) I have mentioned this before and will mention it again. The sentiment of any group or community should be the least of any Bancorian concern. Bancorians at this point should not be faced by any of these individuals and instead I trust will do what’s right for the Bancor protocol and ALL LPs as they have done before. --- _[View the full topic](https://gov.bancor.network/t/proposal-efficient-utilization-of-pol-proceeds-for-pool-closure-and-bnt-burning/4488)._