A proposal to wind down Balancer and distribute the treasury to BAL holders is live on the forum, authored by Marcus Hardt. Discussion is open; a Snapshot vote is expected to happen from 25 to 29 September.
Nothing changes today: pools and withdrawals work as they do now. Any wind-down action waits for the vote.
Voting has closed. BIP-928 passed and BIP-929 did not. The timeline and what it means for LPs and BAL holders are in the thread below.
https://t.co/T7HmuNZrXL
BAL holders approved an orderly wind-down.
BIP-928 passed and BIP-929, the fork proposal, did not. Pools keep working as usual until October 30th, and withdrawals stay open the whole way through.
Here's the timeline and what it means for LPs and BAL holders.
Voting has closed. BIP-928 passed and BIP-929 did not. The timeline and what it means for LPs and BAL holders are in the thread below.
https://t.co/T7HmuNZrXL
BAL holders approved an orderly wind-down.
BIP-928 passed and BIP-929, the fork proposal, did not. Pools keep working as usual until October 30th, and withdrawals stay open the whole way through.
Here's the timeline and what it means for LPs and BAL holders.
A proposal for an official fork of Balancer, led by the MAXYZ, is live on the forum. Liquidity, contributors, partners and IP could move to the new protocol.
This is a separate proposal from the wind-down. Discussion is open and a Snapshot vote is expected on the weekend.
Voting has closed. BIP-928 passed and BIP-929 did not. The timeline and what it means for LPs and BAL holders are in the thread below.
https://t.co/T7HmuNYU8d
BAL holders approved an orderly wind-down.
BIP-928 passed and BIP-929, the fork proposal, did not. Pools keep working as usual until October 30th, and withdrawals stay open the whole way through.
Here's the timeline and what it means for LPs and BAL holders.
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
Voting has closed. BIP-928 passed and BIP-929 did not.
The timeline and what it means for LPs and BAL holders are in the thread below.
https://t.co/T7HmuNZrXL
BAL holders approved an orderly wind-down.
BIP-928 passed and BIP-929, the fork proposal, did not. Pools keep working as usual until October 30th, and withdrawals stay open the whole way through.
Here's the timeline and what it means for LPs and BAL holders.
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
Thank you to everyone who read, challenged and voted on both proposals.
Full proposal, and updates as the wind-down moves forward
https://t.co/EPZVXRClK6
BAL holders approved an orderly wind-down.
BIP-928 passed and BIP-929, the fork proposal, did not. Pools keep working as usual until October 30th, and withdrawals stay open the whole way through.
Here's the timeline and what it means for LPs and BAL holders.
If you hold BAL, there's nothing to do yet. From the end of May 2027, you can burn BAL for a pro rata share of the treasury, with the exact date announced at least two weeks ahead. tetuBAL holders will receive BAL equal to 50% of what's locked behind their tokens.
None of this happens before then, so any site or DM offering to redeem BAL now is a scam.
sdBAL holders can vote on @Balancer governance as usual through Stake DAO.
Two BIP proposals are live until September 28:
↳ BIP-928 Orderly Winddown of Balancer, ends 18:24 UTC https://t.co/6WcwIp75Hy
↳ BIP-929 Fork and Reincarnate, ends 18:00 UTC
https://t.co/EiFHfdyP1t
Both proposals were posted twice. If you voted on an earlier version, your vote will not count, so please vote again using the links above.
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
Let the spirit of @Balancer survive! We propose to fork and reincarnate as a new protocol, positioned for the next wave of assets coming onchain. Participate in the discussion and vote: https://t.co/hxI1GxWcDe
There is no treasury claim today. If BIP-928 passes, redemption opens at the end of May 2027 and will be announced at least two weeks ahead.
Voting on Snapshot is free and never asks you to approve tokens or send funds. Beware of scammers that will offer to claim or redeem BAL now - nobody from Balancer will DM you first.
How voting works:
-> 1 BAL, 1 vote, on any of the seven chains where BAL is deployed
-> On Ethereum, the BAL inside 80/20 BAL/WETH counts too, including positions still in veBAL locks
-> If you delegated, your delegate votes with your BAL
Each proposal needs 5M BAL of votes to reach quorum, including Abstain votes.