# Withdrawn proposal

**URL:** <https://gov.bancor.network/t/withdrawn-proposal/3773>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [July 8, 2022, 5:51pm UTC](https://gov.bancor.network/t/withdrawn-proposal/3773 "2022-07-08T17:51:51Z")\
**Posts on this page:** 1\
**Showing post:** 8

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [July 9, 2022, 10:08am UTC](https://gov.bancor.network/t/withdrawn-proposal/3773/8 "2022-07-09T10:08:24Z")

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> [@thedavidmeister](#):
>
> @glenn of course terminology can be whatever the team wants

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.

> [@thedavidmeister](#):
>
> and deployed millions of vBNT to parictipate in DAO governance

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:

> [@Proposal: Activate Abstain Feature](https://gov.bancor.network/t/proposal-activate-abstain-feature/3230):
>
> Proposal to Activate Abstain feature on Snapshot TLDR Snapshot recently added an Abstain feature, which was discussed in a [thread](https://gov.bancor.network/t/snapshot-feedback/2897) on our governance forum. Choosing to ABSTAIN means that the voting power shall count towards quorum but bear no weight on the FOR and AGAINST options. The Abstain feature is a highly requested one. Voters that don’t want to choose a FOR or AGAINST option but still want to contribute to quorum can now do so. Abstract The Abstain feature was discussed extensively at [S…](https://gov.bancor.network/t/snapshot-feedback/2897)

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

[https://snapshot.org/#/profile/0xc32E1289b5765b2C4d8a6aA925cbd2A29d35cC22](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

> [@thedavidmeister](#):
>
> People need to know the moment they put funds IN to bancor what the mechanics are, they can’t wait to find out when they take (significantly less) money OUT.

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:

> [@DarkKnight](#):
>
> 1. Is the Foundation required to answer to the DAO?

as this will shape any future conversations.

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_[View the full topic](https://gov.bancor.network/t/withdrawn-proposal/3773)._