# Proposal: Use protocol owned ETH to buy and burn BNT from the markets

**URL:** <https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [October 23, 2023, 5:50am UTC](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491 "2023-10-23T05:50:23Z")\
**Posts on this page:** 1\
**Showing post:** 39

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [December 6, 2023, 12:22pm UTC](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491/39 "2023-12-06T12:22:29Z")

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> [@olchemist](#):
>
> in this discussion it seems to be important not to move markets but only to reduce BNT tokens.

This is a misunderstanding. If you burn BNT, it has no impact on the deficit unless that BNT was first purchased.

Also, the proposal that was eventually passed is here: [Proposal to Use POL to Reduce B3 Deficits](https://gov.bancor.network/t/proposal-to-use-pol-to-reduce-b3-deficits/4502)

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_[View the full topic](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491)._