ME News reports that on September 15 (UTC+8), the Balancer governance forum published a proposal for an orderly wind-down, recommending the cessation of new business expansion, a phased shutdown of protocol services, and the dissolution of the DAO to the extent permitted by legal and practical conditions. The proposal has not yet taken effect and is scheduled for a Snapshot vote between September 25 and 29. If approved, eligible liquidity pools will enter a withdrawal-only state on October 30, while other pools will set protocol fees to zero when contractually permitted; the contributor notice period will end on October 31. The DAO treasury, currently valued at least at $9 million based on token prices, will distribute remaining assets proportionally to BAL holders after deducting the wind-down budget. The first distribution is planned to commence by the end of May 2027, requiring holders to burn BAL tokens to claim their share of the treasury, with a six-month claim period; the second distribution will allocate unused budget, new income, and unclaimed portions to addresses that participated in the first round, with final liquidation scheduled for the end of July 2028. The proposal also plans to cancel the BIP-919 buyback program and set a maximum wind-down budget of $400,000. Funds recovered from prior attacks will not be included in treasury distributions and will remain with the affected liquidity providers. (Source: BlockBeats)
Balancer Proposes a Phased Exit Plan and $9M Treasury Distribution to BAL Holders
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Summary
Balancer’s protocol update includes a phased exit plan scheduled for September 15, 2026, with new token listings no longer accepted and services gradually being discontinued. Liquidity pools will transition to withdrawal-only status by October 30. The DAO will be shut down by October 31, and a $9 million treasury will be distributed in two rounds from May 2027 to July 2028. BAL holders must burn their tokens to claim funds, with a six-month window available per round. The BIP-919 buyback has been canceled, and the exit budget is capped at $400,000. Funds resulting from past attacks are excluded.
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