# Proposal: only DAO can receive vortex rewards

**URL:** <https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [July 14, 2022, 7:13pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828 "2022-07-14T19:13:57Z")\
**Posts on this page:** 14\
**Page:** 2

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**Author:** ![thedavidmeister](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/thedavidmeister/32/129_2.png) [@thedavidmeister](https://gov.bancor.network/u/thedavidmeister)\
**Post date:** [July 20, 2022, 3:12pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/21 "2022-07-20T15:12:38Z")

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@yudi i updated the proposal to state that we MAY simply set the recipient if it results in a better implementation

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [July 20, 2022, 3:16pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/22 "2022-07-20T15:16:53Z")

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Awesome, can you update the title too?

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**Author:** ![yudi](https://avatars.discourse-cdn.com/v4/letter/y/34f0e0/32.png) [@yudi](https://gov.bancor.network/u/yudi)\
**Post date:** [July 20, 2022, 3:28pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/23 "2022-07-20T15:28:52Z")

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I’m pretty sure that bots verify the rewards potential before execution, otherwise they are already taking a risk.  
Implementation wise, allowing anyone to trigger it is the easier way to do it of course.

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**Author:** ![thedavidmeister](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/thedavidmeister/32/129_2.png) [@thedavidmeister](https://gov.bancor.network/u/thedavidmeister)\
**Post date:** [July 20, 2022, 3:30pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/24 "2022-07-20T15:30:34Z")

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sure, happy to leave the implementation open as it’s not important to the outcome

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [July 24, 2022, 11:03am UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/25 "2022-07-24T11:03:50Z")

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Moving to Level 2 as this is expected on Snapshot today

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**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:** [July 27, 2022, 8:20pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/26 "2022-07-27T20:20:47Z")

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This proposal seems to have support from the community but didn’t hit quorum (32% of the way there). I see that even the automaton didn’t vote in this round (@mbr FYI). I am guessing, it could have been due to low voter awareness. @thedavidmeister perhaps we can bring up this proposal again in two weeks (In August) for the Bancor DAO to vote on it again?

[https://vote.bancor.network/#/proposal/0xc574c06a982d41c82d287bb8ff8595ba48ed456c1d66740bc0289d5082fda981](https://vote.bancor.network/#/proposal/0xc574c06a982d41c82d287bb8ff8595ba48ed456c1d66740bc0289d5082fda981)

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**Author:** ![thedavidmeister](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/thedavidmeister/32/129_2.png) [@thedavidmeister](https://gov.bancor.network/u/thedavidmeister)\
**Post date:** [July 29, 2022, 6:24am UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/27 "2022-07-29T06:24:42Z")

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@glenn yes lets keep submitting it until it is voted in or someone gives a reason why we shouldn’t do it

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**Author:** ![Jindo](https://avatars.discourse-cdn.com/v4/letter/j/c2a13f/32.png) [@Jindo](https://gov.bancor.network/u/Jindo)\
**Post date:** [July 29, 2022, 9:12am UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/28 "2022-07-29T09:12:19Z")

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im in favor of this. has my vote. DAO claims the rewards that anons would have received? I do not see any reason why this was never implemented in the first place.

This change may not solve our current situation, but it may be a small piece in the long run towards a stronger protocol and healthier DAO.

that being said, once the treasury becomes large enough, this may become another factor why an individual should accumulate BNT.

good idea @thedavidmeister

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**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:** [July 29, 2022, 7:07pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/29 "2022-07-29T19:07:54Z")

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New date set for this proposal that’s roughly two weeks out.

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [July 31, 2022, 4:53am UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/30 "2022-07-31T04:53:19Z")

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Moving this back to L1 until the 14th

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**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:** [August 12, 2022, 4:09pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/31 "2022-08-12T16:09:10Z")

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This should go up this Sunday.

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [August 14, 2022, 10:38am UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/32 "2022-08-14T10:38:56Z")

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@ZenoBNT Raised some interesting points that might be relevant here.

If the vortex is triggered less often, there will be some value loss to slippage and arbs.

> [@Feedback Request: V3 Vortex - Burn The Collected BNT or Wait](https://gov.bancor.network/t/feedback-request-v3-vortex-burn-the-collected-bnt-or-wait/3800/24):
>
> Hey everyone. So I had a pretty long discussion with Dave in telegram and through that conversation a few interesting data points came to light. As of this post there is about 482,000 BNT sitting around waiting to be used - I’m just going to round this to 500k because it will be there in about 5 days anyway. Should we spend 500k BNT on vBNT and burn the vBNT all at once? Should we break up the spending into smaller parts over a longer time frame? Do we spend all 500k BNT on vBNT? Is there som…

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**Author:** ![thedavidmeister](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/thedavidmeister/32/129_2.png) [@thedavidmeister](https://gov.bancor.network/u/thedavidmeister)\
**Post date:** [August 14, 2022, 8:06pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/33 "2022-08-14T20:06:38Z")

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@foxsteven that’s talking about the ratio and slippage and it has more to do with liquidity than frequency technically

that’s a whole rabbit hole conversation

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**Author:** ![lesigh](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/lesigh/32/2449_2.png) [@lesigh](https://gov.bancor.network/u/lesigh)\
**Post date:** [August 17, 2022, 1:51pm UTC](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828/34 "2022-08-17T13:51:20Z")

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I voted no on this because we haven’t established the treasury yet & it requires commissioning a bot to be effective.

I’m completely open to revisiting this in the future once we have established a treasury, with a plan to create the infrastructure.

[Previous page](https://gov.bancor.network/t/proposal-only-dao-can-receive-vortex-rewards/3828.md?page=1)
