# 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:** 6
**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 7, 2023, 4:08pm UTC](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279/6 "2023-05-07T16:08:28Z")
> [@foxsteven](#): > > While this is one approach, I have personally been thinking of another use case for all tokens in surplus on V3 that can be used in a way to make the fast lane more efficient while at the same time reducing the deficit on some of the pools that need it the most. I will update the proposal to go up to snapshot in two weeks and this would be 5/21 instead of 5/14. I think that if you have a competing proposal or idea that this should be more than enough time to have something in governance for the community to review. It shouldn’t matter whether carbon is ready or not since your proposal can be voted in by the DAO but be implemented at a future date or when some criteria is met. As the author you should be able to specify that. > [@foxsteven](#): > > Generally speaking, the future of V3 is likely to be one of the most important decision this DAO ever makes. > > Accordingly, I would not want to rush anything. The future should be quite clear by now to everyone in this community. The V3 model is broken and not attractive for any LP to deposit funds into. Furthermore, we all know that we can never overcome IL with fees and this was proven by the experiment that was ran for 2+ years. It makes zero sense for any focus to be put into a protocol that is no longer working as intended. The goal as stated by other main members is to recover the deficit there and that should be the top priority for everyone in this community. > [@Proposing Carbon - DRAFT (DEPRECATED)](https://gov.bancor.network/t/proposing-carbon-draft-deprecated/4236/26): > > My only ambition for the past year (feels like a lifetime now) is to recover the state of V2.1 and V3, with the target being that every LP can withdraw everything in entirety. I am not afraid of everyone pulling their liquidity when it is back in surplus. On the contrary - that is the goal. I agree and I think this proposal is a step in the right direction as it puts the focus on Carbon and building up its strategies, TVL, trades, and everything else. There is nothing in Carbon at the moment that prevents this proposal from being implemented. > [@foxsteven](#): > > In summary - this is important, but I strongly suggest we move forward in a slow and measured way and ideally we give Carbon some time to gets its legs under it. --- _[View the full topic](https://gov.bancor.network/t/proposal-to-start-sunsetting-bancor-v3/4279)._