Programmable AMM infrastructure. Build On Balancer.
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Joined August 2019
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A proposal to wind down Balancer and distribute the treasury to BAL holders is live on the forum, authored by Marcus Hardt. Discussion is open; a Snapshot vote is expected to happen from 25 to 29 September.
Nothing changes today: pools and withdrawals work as they do now. Any wind-down action waits for the vote.
Voting has closed. BIP-928 passed and BIP-929 did not. The timeline and what it means for LPs and BAL holders are in the thread below.
xitter.cf/Balancer/status/210500…
Voting has closed. BIP-928 passed and BIP-929 did not. The timeline and what it means for LPs and BAL holders are in the thread below.
xitter.cf/Balancer/status/210500…
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
Voting has closed. BIP-928 passed and BIP-929 did not. The timeline and what it means for LPs and BAL holders are in the thread below.
xitter.cf/Balancer/status/210500…
Voting ends today at 6PM UTC.
Cast your votes (BIPs 928 and 929): snapshot.org/#/s:balancer.et…
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
Voting has closed. BIP-928 passed and BIP-929 did not.
The timeline and what it means for LPs and BAL holders are in the thread below.
xitter.cf/Balancer/status/210500…
If you hold BAL, there's nothing to do yet. From the end of May 2027, you can burn BAL for a pro rata share of the treasury, with the exact date announced at least two weeks ahead. tetuBAL holders will receive BAL equal to 50% of what's locked behind their tokens.
None of this happens before then, so any site or DM offering to redeem BAL now is a scam.
Thank you to everyone who read, challenged and voted on both proposals.
Full proposal, and updates as the wind-down moves forward
forum.balancer.fi/t/bip-928-…
Balancer retweeted
sdBAL holders can vote on @Balancer governance as usual through Stake DAO.
Two BIP proposals are live until September 28:
↳ BIP-928 Orderly Winddown of Balancer, ends 18:24 UTC app.stakedao.org/governance/…
↳ BIP-929 Fork and Reincarnate, ends 18:00 UTC
app.stakedao.org/governance/…
Both proposals were posted twice. If you voted on an earlier version, your vote will not count, so please vote again using the links above.
Participate in the discussion at: forum.balancer.fi/t/bip-xxx-…
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
More details and discussion:
Let the spirit of @Balancer survive! We propose to fork and reincarnate as a new protocol, positioned for the next wave of assets coming onchain. Participate in the discussion and vote: forum.balancer.fi/t/bip-xxx-…
Two votes will decide Balancer's future.
BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC.
Here's what will change and how to cast your vote.
How voting works:
-> 1 BAL, 1 vote, on any of the seven chains where BAL is deployed
-> On Ethereum, the BAL inside 80/20 BAL/WETH counts too, including positions still in veBAL locks
-> If you delegated, your delegate votes with your BAL
Each proposal needs 5M BAL of votes to reach quorum, including Abstain votes.
There is no treasury claim today. If BIP-928 passes, redemption opens at the end of May 2027 and will be announced at least two weeks ahead.
Voting on Snapshot is free and never asks you to approve tokens or send funds. Beware of scammers that will offer to claim or redeem BAL now - nobody from Balancer will DM you first.