Balancer has proposed an orderly wind-down of the protocol that would cancel its BAL buyback programme and distribute treasury assets to holders who burn BAL. The governance proposal, BIP-XXX
Balancer has proposed an orderly wind-down of the protocol that would cancel its BAL buyback programme and distribute treasury assets to holders who burn BAL. The governance proposal, BIP-XXX, was posted on September 14; no protocol changes will occur before a Snapshot vote expected from September 25 to September 29.
BIP-919, Balancer’s existing buyback measure, would be cancelled under the proposal. BAL holders would instead burn tokens to receive a pro-rata, in-kind share of Balancer’s managed treasury, according to the governance forum post.
That exchange is part of an orderly protocol closure—not a continuing buyback—and remains subject to governance approval.
The stated Snapshot voting window runs from September 25 through September 29, The Block reported.
The proposal puts Balancer’s managed treasury at no less than $9 million at current token prices, while tying the final distributable amount to the blockchain block when the first redemption round opens.
From that block, the burn-and-redemption process would use the measured assets for allocation. The proposal says the distribution would be in-kind and pro rata—not a cash payout.
If the measure passes, Balancer pools would move to withdrawals-only where possible on October 30, 2026. Contributor notice would run through October 31, according to the proposal.
The first redemption window is proposed to open at the end of May 2027 and remain open for six months. A second distribution would follow within two months of that window, with a final sweep scheduled six months later.
Until the Snapshot vote is completed, Balancer has said the proposal does not trigger protocol changes.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
