Balancer may shut down due to nearly collapsed revenue
Balancer, a decentralized finance protocol that has been operational for over 5 years, is considering shutting down after revenue fell by 95%. The decline began with an attack in November 2025 that saw $128 million withdrawn from the protocol, reducing monthly revenue from over $1 million to under $60,000, while operating costs each month still remain around $150,000.
Rescue efforts such as launching a new Balancer v3 version have not produced the expected results. Under the new proposal, the community will vote at the end of September 2026, and if approved, Balancer will cease operations starting in late October 2026. The remaining assets in the treasury, at least $9 million, will be redistributed to BAL token holders in multiple rounds extending to 2028. Meanwhile, the funds recovered from the attack will be paid separately to the affected victims.
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Balancer, a decentralized finance protocol that has been operational for over 5 years, is considering shutting down after revenue fell by 95%. The decline began with an attack in November 2025 that saw $128 million withdrawn from the protocol, reducing monthly revenue from over $1 million to under $60,000, while operating costs each month still remain around $150,000.
Rescue efforts such as launching a new Balancer v3 version have not produced the expected results. Under the new proposal, the community will vote at the end of September 2026, and if approved, Balancer will cease operations starting in late October 2026. The remaining assets in the treasury, at least $9 million, will be redistributed to BAL token holders in multiple rounds extending to 2028. Meanwhile, the funds recovered from the attack will be paid separately to the affected victims.
$SYN
$ARB
$LSK
