๐จ Balancer community proposes an orderly shutdown protocol:
โข Stop new business, terminate the agreements in phases, and shut down the DAO
โข The treasury is distributed in kind to $BAL holders, with a valuation of at least $9 million
โข Cancel the BIP-919 buyback and replace it with BIP-687
โข The fund pool becomes only withdrawable on 2026/10/30; contributor notice period until 2026/10/31
โข The first round of distribution begins by the end of 2027/5: burn $BAL in exchange for treasury shares
โข A second round of airdrop to the addresses that redeemed in the first round, within 2 months after the deadline
โข Final liquidation will take place 6 months later
๐ณ๏ธ Snapshot vote: 9/25-29
#Balancer #DeFi #BAL