1 day ago
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Key Takeaways
- The winddown remains subject to a token vote.
- Balancer’s managed treasury is estimated above $9 million.
- Eligible pools could become withdrawals-only in October.
- BAL redemptions would begin no earlier than May 2027.
- Exploit recoveries remain reserved for affected LPs.
Balancer is spending more than it earns
A Treasury Council member has proposed an orderly winddown of Balancer, subject to a governance vote. The plan would stop new development work, reduce the protocol to a limited withdrawal service and later distribute the remaining treasury to eligible BAL holders.
The proposal rests on a simple calculation: Balancer is spending more each month than the protocol and treasury management bring in. Monthly costs are about $150,000, while August protocol revenue was about $30,000. Treasury management added roughly $25,000 a month, but that still left t...
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