Balancer Governance Approves Shutdown, Rejects Fork Proposal
Liquidity pools will operate normally through Oct. 30, while a proposed extension for designated V3 pools faces an Oct. 16 deadline.
Balancer governance approved an orderly shutdown plan and rejected a proposed fork, setting the protocol on a phased path toward closure while keeping liquidity pools open through Oct. 30.
BAL holders approved BIP-928 and rejected BIP-929. The pools will continue operating normally until Oct. 30, and withdrawals will remain available during that period.
Partners have until Oct. 16 to request an extension for designated V3 pools through Nov. 30. From Oct. 30, pools will shift to withdrawals-only operation where their contracts allow, and Balancer’s bug bounty program will end. The V3 Vault is scheduled to pause on Nov. 30.
BAL holders do not need to take action immediately. Starting in late May 2027, they will be able to burn BAL for a proportional share of treasury assets, with the specific start date to be announced at least two weeks in advance. tetuBAL holders will receive BAL equivalent to 50% of their locked-token value.
