# Proposal: Use protocol owned ETH to buy and burn BNT from the markets **URL:** \ **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:** 8
**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\ **Post date:** [October 23, 2023, 10:43am UTC](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491/8 "2023-10-23T10:43:21Z")
Okay, here are my suggested changes that make this is bit more workable and uses elements we already have to reduce dev time. **Modified POL Contract** (note: the original POL contract is outlined [here](https://gov.bancor.network/t/update-to-pol-migration-and-conversion-to-eth/4438)) - Create a public function anyone can call that will put 100 ETH up for sale. - 100 ETH is a DAO controlled parameter - The initial sell price should be set at two times the BNT/ETH rate on CG. - This is a DAO controlled parameter - At the time of writing, the rate is about 1 ETH to 3,000 BNT - Contract offers to sell ETH at initial sell price - For example, there are 100 ETH and initial sell per ETH is 6,000 BNT - Any user can send 600,000 BNT to acquire the ETH - The price of ETH drops as defined by an exponential decay formula with a 10 day half life. - Anyone can buy the ETH with BNT at any time. - These parameters can be adjusted by the DAO - Once a trade ends and there are less than 10 ETH available for sale, the contract is topped up to 100 ETH. - The new initial sell price will be the price of the last ETH sold x 2 @alphavalion - please let me know if you agree and are happy to incorporate my suggestions. --- _[View the full topic](https://gov.bancor.network/t/proposal-use-protocol-owned-eth-to-buy-and-burn-bnt-from-the-markets/4491)._