# Proposal to sell Bancor 3 token surpluses for ETH **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [July 10, 2023, 7:26am UTC](https://gov.bancor.network/t/proposal-to-sell-bancor-3-token-surpluses-for-eth/4369 "2023-07-10T07:26:29Z")\ **Posts on this page:** 1\ **Showing post:** 31
**Author:** ![alphavalion](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/alphavalion/32/2562_2.png) [@alphavalion](https://gov.bancor.network/u/alphavalion)\ **Post date:** [July 23, 2023, 4:48pm UTC](https://gov.bancor.network/t/proposal-to-sell-bancor-3-token-surpluses-for-eth/4369/31 "2023-07-23T16:48:31Z")
> [@Jindo](#): > > If you’re telling me that the possibility, or likelihood, that the direction isn’t easily swayed one way or another by someone related to the team or foundation, then, I don’t know what to say… Correct, there are 24m vBNT in existence that can be use for voting and the foundation abstains from voting. vBNT is generated by staking BNT in v3 and anyone can buy BNT from the market to vote in the Bancor DAO. > [@Jindo](#): > > The goal should not be to bootstrap carbon ( albeit that can be part of the solution, but you didn’t say it like that, which shows your intentions ) Has been made more than clear in > [@Consolidating recent proposals by @alphavalion](https://gov.bancor.network/t/consolidating-recent-proposals-by-alphavalion/4330): > > Bootstrap Carbon with POL from Bancor 3 Context: This proposal is a continued discussion of the proposals created by alphavalion [[here](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279), and [here](https://gov.bancor.network/t/proposal-to-create-a-ddx-eth-strategy-on-carbon-using-ddx-bancor-3-surplus-for-snapshot-6-25-2023/4318)]. In brief, there are two key aspects that should be consolidated: Winding down of Bancor V3 and cementing the lossless state of tokens in surplus The Bancor V3 contracts allow the DAO to determine the trading liquidity value of any pool. If the trading liquidity is set to zero, that pool can no longer trade. For pools with tokens currently in su… > [@Proposal to start sunsetting Bancor V3](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279): > > By now, it should be clear to the entire community that ILP is never coming back and no BNT holder will ever vote for reenabling such a feature ever again. Since the release of Carbon, it is quite clear that this is the future of Bancor for now until more products are released (yes, I think this is just the beginning). To that extent, this proposal is seeking to start sunsetting V3. Via [https://analytics.bancor.network](https://analytics.bancor.network) I was able to pull a CSV file of all the current V3 data. From that CSV I fi… and the three strategies that have been proposed all generate fees via Carbon which go towards deficit reduction. Any and all surplus eventually is used to acquire BNT to buyback and burn in one form or another and some quicker than others. --- _[View the full topic](https://gov.bancor.network/t/proposal-to-sell-bancor-3-token-surpluses-for-eth/4369)._