Balancer community passes orderly shutdown proposal, fork plan not approved.

BlockBeats news, September 30: Balancer announced that BAL holders have approved the orderly shutdown proposal BIP-928, while the fork proposal BIP-929 to continue Balancer technology under a new name was not passed. Existing pools will operate normally until October 30, and users can withdraw funds throughout the entire process.

According to the schedule, the deadline for partners to apply to extend the operation of specific V3 pools until November 30 is October 16. On October 30, the relevant contracts will allow paused pools to switch to withdrawal-only mode, and the bug bounty program will simultaneously end; on November 30, the V3 Vault will be paused. Balancer stated that its contracts are non-custodial, so withdrawals do not depend on the project continuing to operate.

BAL holders currently need to take no action. Starting from the end of May 2027, holders can burn BAL to receive a proportional share of DAO treasury assets, with the specific opening date to be announced at least two weeks in advance. Balancer will also release guidelines for exiting pools through the app, third-party tools, and direct on-chain operations.