BAL Token Holders Approve Wind-Down of Balancer Protocol
- Over 99% of approximately 17.2 million BAL votes supported the wind-down plan for Balancer.
- Pausable pools will enter withdrawal-only mode on Oct. 30, and the v3 Vault will be paused after Nov. 30.
- Estimated payouts for BAL holders could be around $0.1579 per eligible token, with distributions starting in May 2027.
- The treasury distribution is expected to total about $9.96 million, with approximately 63.07 million BAL eligible for redemption.
- A proposal to create a Balancer fork was rejected, with about only 30% support from participants.
The decision to wind down was influenced by insufficient revenue generation and complications following a significant exploit in November that drained over $128 million from Balancer’s assets.
With the approved plan, Balancer’s phased shutdown will begin on Oct.30, leading to treasury distributions starting in May, potentially offering around $0.1579 per BAL token held by investors.
