Proposal to sell Bancor 3 token surpluses for ETH

[PaperStreetCapital]

Just to be clear, this sounds like the first step in a possible two-step process like Yudi alluded to:

@yudi

In addition, I don’t think we should make a “gamble” for any token, as it might contradict with the #1 goal. I much more prefer a predictable execution.

My suggestion is to use a variation of Option 3 that @foxsteven outlined above:

1. Function that trades each TKN for ETH on another exchange, based on a decentralized oracle such as Uni v2/3.
2. Function that creates a Carbon ETH-BNT strategy (limit order) at current market price, based on the same oracle.

The reason for trading for ETH is to prevent lots of smaller (and less efficient) strategies on Carbon that might not get executed, plus it keeps things simpler, with a single pair that can be adjusted later on if needed.

Meaning, do you think there will be an additional vote on what to do with the Eth? Or is this going straight into a Carbon strat?

To be clear I’m supportive of this step, just want to make sure we don’t find ourselves in a fight after this is conducted and we’re all facing the same direction.