An established DeFi project is preparing to wind down
Finally, distribute the assets to token holders
The latest proposal from Balancer is quite interesting.
Under the current plan, governance voting will take place from September 25 to 29.
If it passes, starting October 30, most pools will enter a withdraw-only state.
What’s even more special is what comes next.
Starting at the end of May 2027, holders of $BAL can burn their BAL, and then receive the remaining assets under the agreement in proportion.
In other words, a once very well-known DeFi protocol is discussing how to shut down its operations and distribute the remaining value back to the community.
The crypto space has seen too many projects launch, issue tokens, and raise funding.
Seriously discussing how to close the doors is much less common.
Finally, distribute the assets to token holders
The latest proposal from Balancer is quite interesting.
Under the current plan, governance voting will take place from September 25 to 29.
If it passes, starting October 30, most pools will enter a withdraw-only state.
What’s even more special is what comes next.
Starting at the end of May 2027, holders of $BAL can burn their BAL, and then receive the remaining assets under the agreement in proportion.
In other words, a once very well-known DeFi protocol is discussing how to shut down its operations and distribute the remaining value back to the community.
The crypto space has seen too many projects launch, issue tokens, and raise funding.
Seriously discussing how to close the doors is much less common.