# Сопутствующие статьи по теме TVL

Новостной центр HTX предлагает последние статьи и углубленный анализ по "TVL", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Abandoning Token Issuance, Abolishing veBAL: Can Balancer's 'All-or-Nothing Gamble' Bring Renewal?

Balancer, a veteran DeFi protocol, is undergoing a radical transformation following a major $120M security breach in November 2025 that accelerated its existing financial decline. With annual revenue of just $290K against a $2.87M operational budget, its DAO treasury was on track to be depleted within four years. TVL plummeted from a peak of $3B to under $160M. On March 23, 2026, the core team proposed two major overhauls: a tokenomics reform and an operational restructuring. The key strategy shifts from token emission-driven growth to a sustainable, fee-based model. Operational changes include dissolving Balancer Labs, reducing the team from 25 to 12.5 full-time equivalents, and cutting the annual budget by 34% to $1.9M. The protocol will focus solely on its core products: Boosted Pools, a revamped reCLAMM, and LBPs, while maintaining deployments only on Ethereum, Gnosis, Arbitrum, and Base. Tokenomics reforms are more drastic: BAL token emissions will stop immediately, and the veBAL governance system will be abolished. All protocol fees will now go entirely to the DAO treasury, and V3 protocol fees are reduced from 50% to 25% to attract LPs. A $500K compensation fund is allocated for veBAL holders. A crucial exit mechanism is proposed: a 12-week window, opening one year after the vote, allowing BAL holders to burn their tokens for stablecoins at a Net Asset Value (NAV) of $0.16 per BAL. If fully utilized, this could burn 35% of the circulating supply. The team projects that these changes could boost annual DAO revenue to $1.22M and extend the treasury's runway to 9 years. However, this survival depends heavily on the success of the streamlined operations and core products. This high-stakes gamble aims to secure a sustainable future for the protocol.

marsbit03/24 08:49

Abandoning Token Issuance, Abolishing veBAL: Can Balancer's 'All-or-Nothing Gamble' Bring Renewal?

marsbit03/24 08:49

活动图片