Balancer Clarifies Outstanding BAL Supply Calculation for Upcoming Buyback Program

Two governance proposals closed on Balancer: **BIP-922: Unclaimed Rewards Reallocation** - Moves ~364k BAL and ~350k LDO from old liquidity mining contracts - Tokens sat unclaimed in merkle contracts since first program - Funds transferred to BizDev Safe for future use **BIP-923: Extended Claim Window** - Extends deadline for funds rescued from November 3rd V2 incident - Original deadline: August 10th - If passed: Six-month extension granted Both votes were open to BAL holders across all chains and closed August 4th at 6PM UTC. Affected users can check eligibility at [balancer.fi/portfolio](http://balancer.fi/portfolio). [Vote on BIP-922](https://snapshot.org/#/s:balancer.eth/proposal/0xd56aaecd79ed7d00fdb8f25216e73494b2bfe635480d22c1556af422311a1965) | [Vote on BIP-923](https://snapshot.org/#/s:balancer.eth/proposal/0x1486a57ebdc0de5ab6482bf2e7aca9f82d75eff77d97cd8bbfce4bde4f55906a)

Covenant Finance has introduced a novel tranching mechanism for Balancer's AUSD/USDC/USDT0 liquidity pool on Monad, marking the first time they've applied this technology to a DEX position. **Key Innovation:** - The LP position is split into two separate tokens: one representing yield and another for price exposure - Liquidity remains boosted through Neverland Money integration - This builds on Balancer's existing $8M TVL stable pool that already combines swap fees with lending yields **Technical Details:** - The tranching allows investors to choose between yield-focused or exposure-focused strategies - Original pool maintains its triple-yield structure: swap fees + lending returns + liquidity incentives - [View the pool on Balancer](https://balancer.fi/pools/monad/v3/0x2daa146dfb7eaef0038f9f15b2ec1e4de003f72b) This development represents a new primitive in DeFi composability, enabling more granular risk management for liquidity providers.

The Balancer DAO has finalized its BAL token buyback parameters following the approval of BIP-919 in April. **Key Details:** - **Buyback price:** $0.1487 per BAL token (based on treasury NAV per share at proposal time) - **Funding source:** DAO treasury, capped at 35% of net assets - **Total allocation:** $3,362,868.55 (~22,615,121 BAL maximum) - **Timeline:** Opens April 2027, runs for 12 weeks - **Token treatment:** All purchased BAL will be burned The buyback is part of a broader tokenomics revamp approved earlier this year. The price was determined using the treasury's net asset value per share calculation at the time the original proposal was submitted. This represents a significant treasury deployment aimed at reducing BAL supply through systematic token burns over the three-month window.

Balancer V3 has launched **AutoRange Pools**, a concentrated liquidity solution that automatically adjusts price ranges without manual intervention. **Key features:** - Liquidity providers deposit once; the pool manages range adjustments automatically - No oracle dependency or third-party managers required - Positions are standard ERC-20 tokens (not NFTs), enabling use as collateral and in governance - Range shifts based on the pool's own trading activity when price crosses a threshold - Designed for established pairs with real volume **Target users:** - DAOs and treasuries seeking autonomous liquidity management - Passive LPs wanting concentrated liquidity efficiency without maintenance overhead - Protocols needing oracle-free, composable liquidity primitives The system addresses three core problems with traditional concentrated liquidity: constant range management, NFT fragmentation, and JIT bot attacks. Two audits (Cantina and Certora) were completed before launch. Balancer offers simulations for token pairs before deployment to assess fit. [Learn more]( https://docs.balancer.fi/concepts/explore-available-balancer-pools/autorange-pool/reclamm-pool.html) | [View pools](https://balancer.fi/pools?poolTypes=AUTORANGE)