Proposal to disable deposits on BNB

This proposal is expected to appear on Snapshot for voting on June 19, 2022 (Lisbon) . Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

To pass, this proposal needs a quorum of 35% and 66.7% FOR votes.


As the ERC20 BNB has become less useful, this proposal suggests we disable deposits
BNB was once a very important token to Ethereum
BNB’s primary use case is now on BNB chain
BNB’s only other use case is on the CEX itself
Current liquidity on Bancor is less than $500 worth of BNB

Sources describing the uses of BNB

Even if 10X the total BNB liquidity on Bancor came into the pool, it would still not be bootstrapped

Voting Instructions

To disable deposits permanently on BNB, vote FOR this proposal.

To do nothing, vote AGAINST.

You may ABSTAIN to help reach quorum, without making a decision one way or another