# Proposal to start sunsetting Bancor V3

**URL:** <https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [May 7, 2023, 4:31am UTC](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279 "2023-05-07T04:31:25Z")\
**Posts on this page:** 1\
**Showing post:** 16

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**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:** [May 9, 2023, 3:26pm UTC](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279/16 "2023-05-09T15:26:22Z")

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Thanks for the reply. I concluded that you don’t disagree with the approach but rather this is an issue with the timing. This is good because it means we don’t disagree on the method that I proposed 💪

> [@PaperStreetCapital](#):
>
> So to quickly sum, I agree with your approach, believe its directionally correct on beginning to address the past issues, just disagree with the timing.

I think that right now carbon is in its early stages and that we as bancorians should start looking at ways to bootstrap the protocol. I am sure that the team is working on this internally as well but as the saying goes

> “Ask not what your country can do for you – ask what you can do for your country"

I do not know how long something like what I am proposing will take to implement and I think @foxsteven @yudi or a developer can tell us. I do have a reference of a similar proposal in the past that did something similar [Proposal: Rescue any available value from protocol owned renBTC in V3](https://gov.bancor.network/t/proposal-rescue-any-available-value-from-protocol-owned-renbtc-in-v3/4164) and this was something that was completed in a few days from the passing of the vote. This proposal is very similar to renBTC except that we are not market selling the tokens but creating carbon strategies instead. I don’t see any new development needed here besides using Carbon and I think this is minimal effort for this reason.

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_[View the full topic](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279)._