Hello everyone! This post is just a temperature check on an

Question

Hello everyone! This post is just a temperature check on an

idea I recently had.

Given the arrival of the bull market, and the current rate of BNT burn, the Bancor3 deficit is only going to increase.

My proposal is as follows:

Step 1: implement a volatility farming vault for the BNT token, similar to the mechanics of Peapods Finance (green arrow pods). Basically what this does is make the alternate BNT, let's call it pBNT, progressively worth more BNT as time passes.

Step 2: Implement an arbitrage strategy on Carbon that would do this BNT/aBNT arbitrage automatically. This is functionality that Peapods currently lacks, relying on external Arb bots and arbitrageurs.

Step 3: use the continously increasing value of pBNT vs BNT to market buy and burn BNT.

What this would do is use the current and upcoming volatility of the BNT token in order to accelerate the burn and thus rebalance the deficit much faster, which is what everyone wants, without relying on Carbon volumes.

Thoughts?

This is just a temperature check with the community and team.
If any member of the team wishes to reach out, I can provide a more detailed breakdown.

Disclosure - I was affected by the Bancor3 issue and have skin in the game. So any resolution that solves the deficit would benefit me personally.