Balancer Proposes Wind-Down Plan for Protocol

Balancer has proposed a plan to wind down its protocol, which would cancel the BAL buyback program and distribute treasury assets to holders who burn BAL. The proposal, BIP-XXX, was posted on September 14 and will be voted on by Snapshot from September 25 to September 29.

The existing buyback measure, BIP-919, would be cancelled under the proposal, and BAL holders would instead burn tokens to receive a pro-rata share of Balancer's managed treasury. The proposal puts Balancer's managed treasury at no less than $9 million at current token prices.

If the measure passes, Balancer pools would move to withdrawals-only on October 30, 2026, and contributor notices would run through October 31. The first redemption window is proposed to open in May 2027 and remain open for six months.