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
CROWN pool on Bancor v3 has a surplus
This proposal is looking to set the funding limit to 0
This is fairly simple and straight forward. Setting the funding limit to 0 on a Bancor 3 pool means that it no longer trades as there is no BNT liquidity allocated to it. Any BNT liquidity currently allocated to the pool is burned.
Set the funding limit to 0 on the CROWN pool if it is currently in surplus. Otherwise, if at any point in time within 30 days of this proposal passing the pool goes into surplus then the funding limit can be set to 0.
Hi thanks for bringing this up for us. Indeed we only just heard the news and were even surprised to be included in all of this since our agreement with the Bancor DAO happened post the liquidity debacle. Our pool has never been in deficit and we supply our own impermanent loss insurance.
That said we understand the spirit in which this is all being done and the tremendous efforts that have been made to make Carbon a superb product. We are now reviewing options with contributors to possibly get what we need done on Carbon instead.
I am not sure about August 2024 as the DAO has been disabling all pools that are in surplus. The proposal is now on snapshot and Bancorians can make a decision given the information provided in this thread.