Proposal to set funding limit to 0 on DAPP Bancor 3 pool

DAO Archive (SUBMITTED)
1

Expected on Snapshot on June 25th, 2023

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

TL;DR

  • DAPP pool on Bancor v3 has a surplus
  • This proposal is looking to set the funding limit to 0

Summary

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.

For

Set the funding limit to 0 on the DAPP 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.

Against

Do nothing.

1 Like
2

Just a note that DAPP is using 3rd party LM on their pools and has some external ILP.

3

foxsteven the DAO will disable this pool if the current results remain. Can you let the community know if this will also kill the BNT rewards?

1 Like
4

Hey, that will need to be done with a separate proposal as setting the TL to 0 does not seem to trigger the end of rewards automatically.