Timeline
- 8.0
Balancer Community Approves Orderly Wind-Down Proposal; Fork Plan Rejected
BAL holders have approved proposal BIP-928 for the orderly wind-down of the Balancer protocol, while BIP-929, which would have continued the Balancer technology under a new name, was rejected, Balancer announced on September 30. Existing pools will operate normally until October 30, and users can withdraw funds throughout the process. The vote ends a long-running, widely used DeFi automated market maker and sets out a treasury distribution to BAL holders; Balancer said its contracts are non-custodial, so withdrawals do not depend on the project continuing to operate. Reports put support for BIP-928 at more than 99% of the roughly 17.2 million BAL cast, with BIP-929 failing at about 70% against. Under the timetable, October 16 is the deadline for partners to apply to keep specific V3 pools running until November 30; on October 30 pools that can be paused move to withdrawals-only mode and the bug bounty program ends; on November 30 the V3 Vault pauses. BAL holders need not act now — from late May 2027 they can burn BAL for a pro-rata share of DAO treasury assets, with the exact opening date to be announced at least two weeks in advance.
- 8.5
Balancer Holders Approve Wind-Down, Reject Official Fork
Balancer token holders approved a wind-down of the protocol and rejected an official fork, according to the vote outcome reported by The Defiant. Under the approved shutdown, pausable pools move to withdrawals-only on Oct. 30, and BAL holders can begin redeeming their tokens for treasury assets at the end of May 2027. The vote closes out one of DeFi's long-running automated market makers and, under the proposal, replaces BAL's role as a governance and utility token with a claim on remaining treasury assets distributed in kind to holders who burn their tokens. Liquidity providers and token holders must now act within the wind-down timeline. About $52.4 million remains in Balancer V2 and V3 pools, and withdrawals will stay open, though treasury redemptions are not scheduled to begin until May 2027. Reported wind-down details also include an end to bug bounty coverage on Oct. 30 and a pause of the V3 Vault on Nov. 30.