Withdrawn proposal

The point of my update was to make it very clear that the withdrawal screen shows you the number of tokens that you will receive. If the pool is in surplus or deficit, you will always know at withdrawal what you are going to be getting. There should never be a scenario where someone claims that they did not know that they were getting fewer tokens at withdrawal when a pool is in deficit.

Since the abstain option was made available to the Bancor DAO, the foundation has always chosen to “abstain” from voting. This went into effect in December of last year:

and you can look at the history of the foundation votes to see that this has been occurring:

https://snapshot.org/#/profile/0xc32E1289b5765b2C4d8a6aA925cbd2A29d35cC22

Prior to that, the foundation voted either “for” or “against”. As an observer and as someone that has participated in snapshot votes, the foundation typically followed this patten during this time period:

  1. Typically waited towards the end of when a vote would expire to vote.
  2. Voted with the majority of the community

This is understood and has arisen since the emergency actions from 6/19 went into effect. You are now exposed to pool deficits and can realize a loss when withdrawing from such a pool while it is in a deficit state. It is important to note that deposits were disabled for this specific reason on 6/19 and are still currently disabled at the moment.

From my perspective, perhaps the most important question is the following:

as this will shape any future conversations.