📣 The Balancer community has launched a “Orderly Shutdown” proposal, aiming to gradually shut down the protocol and liquidate the DAO.
🔹 Stop new business; the liquidity pool will become withdrawal-only on October 30
🔹 Treasury distributed proportionally to $BAL holders; current valuation is at least $9 million
🔹 Cancel the BIP-919 buyback, replaced by BIP-687
🔹 Contributor notice period until October 31, 2026
🔹 The first distribution begins at the end of May 2027; $BAL must be burned to claim treasury allocation shares. The second round is an airdrop to the redemption addresses from the first round; it will be carried out within 2 months after the cutoff; final liquidation occurs 6 months later
🗳️ Snapshot vote: September 25 to 29
#Balancer #DeFi #DAO
🔹 Stop new business; the liquidity pool will become withdrawal-only on October 30
🔹 Treasury distributed proportionally to $BAL holders; current valuation is at least $9 million
🔹 Cancel the BIP-919 buyback, replaced by BIP-687
🔹 Contributor notice period until October 31, 2026
🔹 The first distribution begins at the end of May 2027; $BAL must be burned to claim treasury allocation shares. The second round is an airdrop to the redemption addresses from the first round; it will be carried out within 2 months after the cutoff; final liquidation occurs 6 months later
🗳️ Snapshot vote: September 25 to 29
#Balancer #DeFi #DAO