DEPRECATED SECTION - MOVE TO SEPARATE DAO PROCESS
Standardizing Bancor Vortex Contract:
The Bancor Vortex is now 2 years old, and the underlying concept has already been subject to substantial revisions. Notably, the advantages of its dependence on vBNT is no longer a clear advantage as the paradigms on which this system was founded are no longer in effect, and the BNT vBNT pair is essentially at parity.
To maintain a clean implementation, this proposal asks for the vBNT burning actions of the legacy products (V2.1 and V3) to be superseded with direct destruction of BNT. Thus, the Bancor Vortex contracts will be general, and equally applicable in all contexts involving the recovery of BNT from the market, and returning all instances of deficit back to surplus.