HTX News
09/15 01:26
On September 15, the Balancer governance forum released a proposal for an orderly exit from operations, suggesting the cessation of new business expansions, a phased halt of protocol services, and the closure of the DAO within legal and practical limits. The proposal is not yet in effect and is scheduled for a Snapshot vote from September 25 to 29. If approved, the suspendable liquidity pools will enter a withdrawal-only state on October 30, while other pools will set protocol fees to zero where contractually permitted; the contributor notification period will end on October 31. The DAO treasury is currently valued at a minimum of $9 million based on token prices, and after deducting the exit budget, it will be proportionally distributed to BAL holders based on their original assets. The first round of distribution is planned to start at the end of May 2027, with holders required to burn BAL to claim their respective treasury shares, with a claim period lasting six months. The second round will allocate unused budget, new income, and unclaimed portions to addresses that participated in the first round, with the final liquidation plan expected to be completed by the end of July 2028. The proposal also aims to cancel the BIP-919 buyback plan and set a maximum exit budget of $400,000. Funds recovered from previous attacks will not be included in the treasury distribution and will continue to belong to the affected liquidity providers.
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