# Proposal to Use POL to Reduce B3 Deficits

**URL:** https://gov.bancor.network/t/proposal-to-use-pol-to-reduce-b3-deficits/4502
**Category:** DAO Archive (SUBMITTED)
**Created:** [October 25, 2023, 7:40am UTC](https://gov.bancor.network/t/proposal-to-use-pol-to-reduce-b3-deficits/4502 "2023-10-25T07:40:38Z")
**Posts on this page:** 1
**Showing post:** 34

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### 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: [January 2, 2024, 1:34pm UTC](https://gov.bancor.network/t/proposal-to-use-pol-to-reduce-b3-deficits/4502/34 "2024-01-02T13:34:46Z")

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To reiterate my view on the whole process:

> [@Proposal: Use protocol owned ETH to buy and burn BNT from the markets](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491/29):
>
> The way I’ve viewed this is a way to reduce BNT supply, not a mechanism by which to move markets. Clearing the excess BNT supply from last year solves many problems at once, and to be clear I see it as one necessary component to right-size the protocol. To that end I view this whole POL exercise as an accelerated means to that end.

So through that objective, I’m perfectly fine with the current process. In my view this is a means to realign the token structure to the new and developing business models, and a clean-up from the previous business model that resulted in large amounts of token minting. So this better sets the stage for future protocol success.

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_[View the full topic](https://gov.bancor.network/t/proposal-to-use-pol-to-reduce-b3-deficits/4502)._