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
BNT to become an official governance token of the Bancor network
vBNT to remain as a governance token of Bancor
This is a fairly simple and straight forward proposal. Bancor 3 is a protocol in the process of being sunset and to be shutdown. Bancorians should NOT have any dependency on Bancor 3. This proposal wants to have BNT be added as a governance token in addition to vBNT.
Bancorians should be able to stake BNT ANYWHERE on the Bancor site and be able get voting power in governance. This proposal is NOT looking to remove vBNT as a voting token and it will continue for now. How will BNT be made into a governance token? That I will leave to the devs, the only thing that’s important is that it happens safe manner.
Just wanted to add a note that if people can vote with BNT, there might be a lot of BNT unstaked from B3 (as some might have BNT staked only to participate in governance) which will cause the supply of BNT to rise.
The bnBNT amount held by the protocol is in the BNTPool -
So I took the total bnBNT supply and deducted the total owned by the protocol, then multiplied by the bnBNT/BNT ratio and the result is ~21,234,373 BNT - this is the amount currently held by all BNT LPs.
hey @alphavalion it’s already in process - the new gov contract for BNT is already deployed and the rest is on its way.
snapshot needs to be updated as well as the app to allow staking/unstaking in governance.
probably about a week until everything is live.