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BAL Holders Approve Balancer Wind-Down
BIP-928 passes as BAL holders reject the fork proposal; pools move to withdrawals-only on October 30, with treasury claims planned for May 2027.
BAL holders approved Balancer’s orderly wind-down proposal, BIP-928, while BIP-929, a proposal to fork the protocol, did not pass. The vote sets the wind-down in motion rather than a fork, with pools continuing to operate normally until October 30, 2026. They will then move to withdrawals-only mode where contracts allow it, and the V3 Vault is scheduled to pause on November 30. Liquidity providers can withdraw at any time because the contracts are non-custodial. Balancer says guides for exits through its app, third-party tools and directly onchain will be published before the transition.
BAL holders do not need to act yet. From the end of May 2027, they can burn BAL for a pro rata share of the treasury, with the exact date to be announced at least two weeks in advance. Holders of tetuBAL will receive BAL equal to 50% of the amount locked behind their tokens. Balancer warns that any offer to redeem BAL before then is a scam.
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