# Proposal to disable deposits on BNB

**URL:** <https://gov.bancor.network/t/proposal-to-disable-deposits-on-bnb/3686>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [June 16, 2022, 9:12am UTC](https://gov.bancor.network/t/proposal-to-disable-deposits-on-bnb/3686 "2022-06-16T09:12:28Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\
**Post date:** [June 16, 2022, 9:12am UTC](https://gov.bancor.network/t/proposal-to-disable-deposits-on-bnb/3686/1 "2022-06-16T09:12:28Z")

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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.

TL;DR

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

> **[BNB - What is BNB and What Is It Used For?](https://www.binance.com/en/bnb#BNB-RIGHT)**
>
> BNB is the cryptocurrency coin that powers the Binance ecosystem. Find out the wide range of applications and benefits of one of the world's most popular utility tokens.

> **[What Is Binance Coin (BNB)?](https://www.investopedia.com/terms/b/binance-coin-bnb.asp)**
>
> Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.

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