Proposed Governance of Carbon:
A precedent has been established that 100% of fees accumulated via Carbon are to be used to repair Bancor’s deficits in its legacy protocols (v2.1 and v3) by buying & burning BNT. While the DAO-approved proposal sets this objective, it does not offer a description for how this objective should be accomplished. The focus of this section is to describe the mechanisms by which fees accumulate to the Carbon protocol, and to propose methods that can be used to convert accumulated value into BNT and burn it, as dictated by the policy approved by the BancorDAO in February, 2023.