# Proposal to start sunsetting Bancor V3 **URL:** \ **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:** 29
**Author:** ![PaperStreetCapital](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/paperstreetcapital/32/2551_2.png) [@PaperStreetCapital](https://gov.bancor.network/u/PaperStreetCapital)\ **Post date:** [May 15, 2023, 10:58am UTC](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279/29 "2023-05-15T10:58:08Z")
Thanks for putting this all together, agree with the approach as it starts the process by “skimming” the excesses off the top where available. That window will continue to open as Carbon gets running and the increased value of BNT (generally from the burning mechanism) forces more of the surplus to the top, where this future process collects and removes more of V2/V3. > [@mbr](#): > > Much of our governance processes and documentation is severely out-of-date. As the DAO regroups and updates its policies and procedures, it is my ambition to bring attention to this matter and formalize it. To add to this, I’ll get back to my notes I had on what I put together from a few weeks ago ([Updating the DAO due process](https://gov.bancor.network/t/updating-the-dao-due-process/4233)). Seems like with this proposal coming together it can bridge the gap I hit on how to treat V2/V3 procedures while they were technically still active. Rethinking through this to form some bridge scaffolding to an updated DAO will be useful. --- _[View the full topic](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279)._