Balancer fork MAXYZ seeks 6M BAL, may cut holders' redemption value
- —MAXYZ requests up to 6M BAL: 3.5M from the DAO treasury, 1.6M from a Balancer Labs safe, 928K from a team safe
- —Wind-down snapshot proposed for end-May 2027, with an illustrative $0.1579 per BAL against $9.96M in assets
- —If all 6M BAL became eligible, the payout would fall to $0.1442, about 8.7% lower
- —In exchange, the fork would allocate 10% of its fully diluted supply to the Balancer treasury at a TGE or exit event
Why it matters: BAL holders could receive a smaller share of the treasury if the fork secures tokens before the wind-down snapshot.
Source: CryptoSlate