Balancer Approves Winddown as Pools Shift to Withdrawals Only Oct. 30
The V3 Vault will pause Nov. 30, while BAL holders can begin treasury redemptions in late May 2027.
Balancer governance has approved a phased winddown of the protocol, setting Oct. 30 as the date when eligible liquidity pools will move to withdrawals only.
Pools will continue operating normally until then, with withdrawals available throughout the transition. Partners can request by Oct. 16 that designated V3 pools remain active for migration through Nov. 30. The V3 Vault will pause on that date, while Balancer's bug bounty program will end Oct. 30.
The vote passed BIP-928, which outlines the shutdown and distribution of treasury assets to BAL holders. A separate fork proposal, BIP-929, was rejected.
BAL holders do not need to take action immediately. The approved plan expects redemptions to open in late May 2027, when holders can burn their BAL and receive a pro rata share of treasury assets. Holders of tetuBAL are set to receive BAL equal to 50% of their locked assets.
