Balancer Proposes Protocol Shutdown Due to Underperforming v3 Revenue

Balancer lead Marcus has proposed a gradual shutdown of the protocol, citing that revenue growth for the v3 product has failed to meet expectations despite successful cost-cutting measures. While v3 features like Boosted Pools and AutoRange Pools have been delivered, they have not replaced v2 revenue, and past security incidents continue to impact market trust. The proposal, which will be decided by token holders, suggests keeping the code open-source for potential forks while addressing treasury management and shutdown costs.