Balancer community releases proposal to wind down operations in an orderly manner and distribute at least $9 million from its treasury to BAL holders.

BlockBeats news, September 15: The Balancer governance forum has published an orderly wind-down proposal, recommending halting new business expansion, phasing out protocol services, and closing the DAO to the extent permitted by legal and practical conditions. The plan has not yet taken effect and is scheduled for a Snapshot vote from September 25 to 29.

If the proposal passes, pausable liquidity pools will enter withdrawal-only status on October 30, while other pools will set protocol fees to zero where contracts allow; the contributor notice period ends on October 31. The DAO treasury is currently valued at at least $9 million based on token prices, and after deducting the exit budget, it will be distributed proportionally to BAL holders in the original assets held.

The first distribution is planned to begin by the end of May 2027, with holders required to burn BAL to claim their corresponding treasury share, and the claim period lasting 6 months; the second round will distribute unused budget, new revenue, and unclaimed portions to addresses that participated in the first round, with final liquidation planned for completion by the end of July 2028. The plan also proposes canceling the BIP-919 buyback program and setting a maximum exit budget of $400,000. Funds recovered from the previous attack incident will not be included in the treasury distribution and will continue to belong to the affected liquidity providers.