According to Huoxing Finance, on September 30, Balancer announced that BAL holders have approved Proposal BIP-928 to orderly shut down the protocol, while the fork proposal BIP-929 to continue Balancer’s technology under a new name was not approved. Existing liquidity pools will continue operating until October 30, and users may withdraw their funds at any time during this period. According to the schedule, the deadline for partners to apply for extending specific V3 pools until November 30 is October 16. On October 30, liquidity pools with enabled pause functionality will transition to withdrawal-only mode, and the bug bounty program will conclude; on November 30, the V3 Vault will be paused. Balancer stated that its contracts are non-custodial, so withdrawals do not depend on continued project operations. BAL holders currently need take no action. Starting from the end of May 2027, holders may burn their BAL tokens to receive a proportional share of DAO treasury assets; the exact date will be announced at least two weeks in advance. Balancer will also publish guides for exiting liquidity pools via its application, third-party tools, and direct on-chain actions.
Balancer Community Approves Orderly Shutdown Proposal; Fork Proposal Rejected
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Summary
Balancer’s BAL holders approved the orderly shutdown proposal BIP-928, while the hard fork proposal related to BIP-929 was rejected. Liquidity pools will remain active until October 30, with withdrawals permitted at any time. Partner applications seeking to extend V3 pools to November 30 must apply by October 16. On October 30, eligible pools will transition to withdrawal-only mode, and the bug bounty program will conclude. The V3 Vault will be paused on November 30. Balancer noted that its contracts are non-custodial, meaning withdrawals do not depend on ongoing operations. BAL holders need take no action at this time. Starting in late May 2027, holders may burn their tokens to claim assets from the DAO treasury, with dates announced two weeks in advance. Exit guidelines for pools will be provided through apps, third-party tools, or on-chain actions.
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