Vol. I, No. 1 Monday, August 31, 2026 Bancor — Governance Rights Report
Executable rights. Machine-readable determinations.

Probity Institute

Bancor — Governance Rights Report

Verdict

Bancor

BNT — Governance Rights Report
Tier 2 S1 — Token-Governed Protocol Assessment as of 2026-10-01
GSA-1 fail GSA-2 fail GSA-3 fail GSA-4 fail GSA-5 fail GSA-6 fail GSA-7 fail GSA-8 fail

Why this rating: Bancor 3/Vortex largely wound down on mainnet; Carbon DeFi is the growth engine. BNT holders govern via on-chain BancorGovernance contract + Snapshot (563 proposals); protocol fees currently go to deficit repair, not BNT holders — procedural governance, no economic rights. GSA-3 fail: Carbon trading fees currently earmarked for BNT/ETH deficit repair per DAO policy, not BNT holders; Vortex buyback mechanism defunct on mainnet (still on some EVM chains per May 2026 proposal); On-chain BancorGovernance contract (BNT stake→vote) + Snapshot (bancornetwork.eth, 563 proposals); recent Snapshot activity Jun 2026 (taker-fee proposals); on-chain execution of Carbon settings not independently re-verified

Where to Vote

Proposal History

No proposal history is available for Bancor in the current scanner window.

Metrics

Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.

Structure & History

Structure: S1 — Token-Governed Protocol.

S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-10-01 (first scored 2026-07-23; quarterly recheck #2, cycle 2026-08-31 -> 2026-10-01)

Assessment flags