Proposal to disable BNT deposits in Bancor 3

[alphavalion]

Expected on Snapshot on October 22, 2023

This proposal is split from the discussion that has happened in this thread

Bancorians for a stronger BNT

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

BNT is now a governance token of the Bancor protocol. Users can stake their BNT in the new governance contract to get voting power. BNT should no longer be allowed to be staked into the Bancor 3 protocol which is being sunset.

Summary

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 is looking to disable BNT staking into a protocol that is being sunset.

Bancorians should be able to stake BNT on the new Bancor site and be able get voting power in governance. How will BNT staking be disabled from Bancor 3? That I will leave to the devs, the only thing that’s important is that it happens safe manner.

For

Disable BNT deposits into Bancor 3

Against

Do nothing.

[alphavalion]

If this proposal passes then bancorians have to wait for the new BNT site to be active

Proposal for BNT to become an official governance token

Expected on Snapshot on October 1, 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 BNT to become an official governance token of the Bancor network vBNT to remain as a governance token of Bancor Summary 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 depende…

I will leave that to the DEVs for when the changes are made as disabling BNT staking in bancor 3 has to be done after the new site is live.

[foxsteven]

This has now been done

[alphavalion]

Is there a new site available for staking BNT? Will that be coming soon?

[foxsteven]

@alphavalion

Will that be coming soon?

Yes, being worked on now - stake BNT to governance

[sneezejeeze]

Will we be able to stake and vote if we live in the USA?

[foxsteven]

it will be no different than the current system for vBNT