Balancer proposal calls for shutdown, $9M treasury distribution vote in late September

A proposal has been submitted to the Balancer protocol governance forum to wind down operations and distribute $9 million in treasury assets to token holders. The proposal is under discussion, with a Snapshot vote scheduled between Sept. 25 and Sept. 29, according to the forum post. If approved, BAL holders would be able to burn their tokens starting in May 2027 and receive a pro rata share of the treasury. The proposal also calls for liquidity pools to switch to withdrawal-only mode starting on Oct. 30 and for contributors to be notified of the shutdown by Oct. 31.