Balancer to Wind Down Protocol Following Governance Vote

Balancer governance has approved a proposal to wind down the decentralized exchange, with over 99% of votes in favor of BIP-928. The protocol will transition pools to withdrawal-only mode by October 30, and the remaining treasury will be distributed to BAL holders starting in May 2027. Former Balancer Labs CEO Marcus Hardt estimates a payout of approximately $0.16 per BAL, though this figure remains subject to audit. A separate proposal to fork the protocol was rejected.