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BAL holders approved the closure of Balancer

30 Sep, 2026byDropsTab
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The proposal to fork the project was not approved.

Pools will operate as usual until October 30; after that, they will switch to withdrawal-only mode, and the vulnerability bounty program will be discontinued. On November 30, the V3 vault will be paused. Partners can request that certain V3 pools remain active until November 30 by October 16.

Liquidity providers can withdraw their funds at any time, both before and after these dates. The contracts are non-custodial, so withdrawals are independent of the Balancer team’s operations.

Holders of BAL don’t need to do anything for now. Starting from late May 2027, tokens can be burned in exchange for a proportional share of the treasury; the exact date will be announced at least two weeks in advance. Holders of tetuBAL will receive BAL equal to 50% of their locked-up amount.

Continue reading this article on source: x.com