Balancer Community Passes Orderly Shutdown Proposal, Fork Plan Rejected
40 minutes ago
Balancer announced that BAL holders have approved protocol orderly shutdown proposal BIP-928, while the fork proposal BIP-929 — which would continue Balancer’s technology under a new name — failed to pass. Existing liquidity pools will operate normally until October 30, with users able to withdraw funds throughout the process. The deadline for partners to apply to extend specific V3 pools to run until November 30 is October 16. On October 30, pools eligible for suspension will switch to withdrawal-only mode, and the bug bounty program will conclude at the same time; the V3 Vault will be suspended on November 30. Balancer stated that its contracts are non-custodial, meaning withdrawals do not depend on the project’s continued operation. BAL holders do not need to take any action at present. Starting from the end of May 2027, holders can burn BAL to receive proportional allocations from the DAO treasury, with the exact opening date for this process announced at least two weeks in advance. Balancer will also publish guides for exiting liquidity pools via its application, third-party tools, and direct on-chain operations.
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