💰 BAL holders are about to watch their treasury get sliced. A Balancer fork (MAXYZ) is demanding 6M non-circulating $BAL to seed its protocol — and if granted, redemption value per token could drop ~8.7%, from ~$0.158 to ~$0.144.
🔥 Who wins? MAXYZ gets a second shot at building. Who loses? Every BAL holder staring at a smaller slice of the same ~$10M treasury.
The fork dangles 10% of its FDV back to the treasury — but that's conditional upside, not today's cash. The wind-down plan? A clean exit at current valuations.
This is a classic dilemma: bet on the fork's future token, or lock in certainty with the wind-down now?
Would you back the fork for potential upside, or the wind-down to cash out at today's rate? 🧵
🔥 Who wins? MAXYZ gets a second shot at building. Who loses? Every BAL holder staring at a smaller slice of the same ~$10M treasury.
The fork dangles 10% of its FDV back to the treasury — but that's conditional upside, not today's cash. The wind-down plan? A clean exit at current valuations.
This is a classic dilemma: bet on the fork's future token, or lock in certainty with the wind-down now?
Would you back the fork for potential upside, or the wind-down to cash out at today's rate? 🧵
