POPA ReconBalancer Proposes Shutting Down and Paying Out Its Treasury to BAL Holders
Balancer Proposes Shutting Down and Paying Out Its Treasury to BAL Holders A treasury council member moved to wind down Balancer, return treasury to BAL holders, capping five years of the veteran DeFi protocol. The plan, put forward by council member and former Balancer Labs CEO Marcus Hardt, would halt business development, sunset the protocol in phases and legally close the DAO. Holders who burn BAL would receive a pro-rata, in-kind share of the treasury, which holds at least $9M in tokens. A Snapshot vote runs September 25 to 29. If it passes, pools move to withdrawals-only by October 30…
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