Balancer holders vote to wind down protocol with 99.2% approval
- —99.2% of 17,226,164 BAL voted to wind down, above the 5 million BAL quorum
- —Balancer pools switch to withdrawals-only on 30 October 2026
- —Treasury redemption for BAL holders opens at the end of May 2027
- —Proposer valued the treasury at $0.1579 per redeemable BAL as of 18 September
Why it matters: The shutdown of one of DeFi's oldest protocols removes liquidity across Ethereum, Arbitrum, Polygon and Plasma and sets a precedent for returning treasury funds to token holders.
Source: Coinpaprika News