# Proposal for Bancor 3 to use 100% of fees for BNT market buy back **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [October 4, 2023, 4:33am UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474 "2023-10-04T04:33:08Z")\ **Posts on this page:** 6\ **Page:** 1
**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 4, 2023, 4:33am UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474/1 "2023-10-04T04:33:08Z")
Expected on Snapshot on October 8, 2023 This proposal is split from the discussion that has happened in this thread > [@Bancorians for a stronger BNT](https://gov.bancor.network/t/bancorians-for-a-stronger-bnt/4434): > > A post surfaced in the past about retiring vBNT and Bancorians should read that proposal to get an understanding about this thread I have taken that thread and turned it into a set of proposals to get the DAO moving forward on this process. While creating proposals to sunset Bancor 3 for different tokens I skipped vBNT as it is different than the others. Now that Carbon is out on Ethereum, the discussion can continue on how to sunset vBNT. I think we will need these proposals to make this a… and Bancorians should read that post to have an understanding about this proposal TL;DR 100% of fees in Bancor 3 to be used for BNT market buy Summary Bancorians and LPs staked in Bancor 3 get small yield benefit from 10% of fees accumulating in their LP tokens. Instead of 90% of fees in Bancor 3 to be used for buying BNT from the market this proposal will move this to 100%. Why? ALL BNT holders are treated the same and benefit equally no matter where you are stake. Token LPs in Bancor 3 do not care about the negligible 10% fees that they are receiving and would prefer for their positions to be in surplus. This proposal seeks to further help with deficit reduction efforts. How will 100% of fees in Bancor 3 to be used for BNT market buy? That I will leave to the devs, the only thing that’s important is that it happens safe manner. For 100% of fees in Bancor 3 to be used for BNT market buy Against Do nothing. ---
**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\ **Post date:** [October 4, 2023, 6:47am UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474/2 "2023-10-04T06:47:59Z")
> [@alphavalion](#): > > How will 100% of fees in Bancor 3 to be used for BNT market buy and burn? That I will leave to the devs, the only thing that’s important is that it happens safe manner. Seems fairly simple: - Set the network fee to 100% - Then burn the collected token ---
**Author:** ![yudi](https://avatars.discourse-cdn.com/v4/letter/y/34f0e0/32.png) [@yudi](https://gov.bancor.network/u/yudi)\ **Post date:** [October 4, 2023, 9:09am UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474/3 "2023-10-04T09:09:22Z")
Hey, Technically it’s possible but if v3 is updated to burn BNT automatically, it would increase gas costs for trade. An alternative is to expose a public function that burn the accumulated BNT but it needs to have an incentive (0.2%?) similar to the v2.1 vortex etc. ---
**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 4, 2023, 9:29pm UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474/4 "2023-10-04T21:29:02Z")
I will update the proposal so that the existing process is kept. It doesn’t make sense to increase the gas costs for trade. ---
**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 12, 2023, 10:21am UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474/5 "2023-10-12T10:21:54Z")
foxsteven yudi richardsonmark This proposal has now passed. Can you provide any updates to the community about its implementation? ---
**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\ **Post date:** [October 12, 2023, 3:16pm UTC](https://gov.bancor.network/t/proposal-for-bancor-3-to-use-100-of-fees-for-bnt-market-buy-back/4474/6 "2023-10-12T15:16:28Z")
This has now been done