Balancer Plans $9M Treasury Distribution Amid V3 Revenue Woes
Balancer, a decentralized finance (DeFi) protocol, is proposing an orderly wind-down of its operations due to a lack of revenue growth in its V3 business model. The proposal, which will be voted on by BAL holders from September 25 to 29, 2026, aims to distribute at least $9 million in treasury assets to users.
According to Balancer's CEO, Marcus Hardt, the company has delivered on most of the restructuring approved by tokenholders earlier this year, including ending emissions and reducing costs. However, revenue growth remains a concern, with V3 still struggling to replace the legacy V2 system.
The proposal would see pools transition to withdrawals starting on October 30th, 2026, with the first treasury distribution scheduled for May 2027. Eligible holders will be able to burn their BAL tokens and receive a share of the treasury assets in exchange.