Balancer reminded users that claims for whitehat-rescued funds from the November 2025 v2 incident remain open until early February 2027, per BIP-923. The team points affected users to its claims page to check eligibility and file before the deadline.
Background: the v2 exploit on November 3, 2025 targeted Composable Stable Pools, with roughly $8M in user funds recovered by whitehat actors and internal teams. BIP-892 originally opened the claim window, and BIP-923 extended it to early 2027, an extension that governing BAL holders approved last year.
Balancer core contributor Marcus Hardt (Marcus_Balancer) said the team's last regular working day was October 31, marking the start of the protocol's wind-down phase. Some team members had been with Balancer since its earliest days.
The team will maintain only the minimum infrastructure needed to support the exit process, with low-risk permissions gradually revoked between November and December 2026. Pools remain in withdrawals-only mode and users can still exit positions at any time as the wind-down proceeds.
Balancer has confirmed that most of its pools are now in withdrawals-only mode, as approved in BIP-928 (and BIP-936). The transition took effect on October 30, with funds remaining under users' control and withdrawals available at any time; partner-v3 pools stay live until November 30.
Balancer says it has identified more than $500k in funds and rewards still sitting in the protocol, held in positions that typical portfolio dashboards miss. The checks were part of a review of DAO-owned assets that was also extended to historical positions held by outside users, whose owners have now been notified via a multi-part announcement thread.
The positions fall mostly into two hard-to-see categories:
Balancer advises protocols, DAOs or wallets that ever used it to check those locations, plus old operational wallets and Safes. The legacy interface remains available as the simplest way to withdraw from v1, v2 and v3 pools and to unstake gauges, with a manual exit guide covering direct contract withdrawals and support available on Discord.
Stake DAO confirmed that sdBAL holders can vote on Balancer governance as usual through its platform. The reminder points to the two live BIP proposals — BIP-928 and BIP-929 — which are open on Snapshot through September 28.
The BIP-928 wind-down proposal, from @Marcus_Balancer, is now live as a Snapshot vote running until Tuesday, September 29 at 6PM UTC. If it passes, pools move to withdrawals-only starting October 30, with some partner V3 pools staying live until November 30; from the end of May 2027, holders can burn BAL to redeem a pro rata share of the treasury, announced at least two weeks ahead.
BIP-929, from @maxyz_xyz, is live as a Snapshot Yes/No vote on launching an official fork of Balancer as a new protocol. Pools keep running with no pause before Q2 2027, leaving time to migrate, and liquidity, contributors, partners and IP could move to the fork.
Balancer stressed the two votes are independent — both can pass, both can fail, or one without the other. They conflict on only one point: BIP-928 moves pools to withdrawals-only starting October 30, while BIP-929 holds off any pause until later.
Overlayer is building three distinct liquidity products on Balancer V3, each tailored to a different curve. The suite includes Stable Boosted Pools for stablecoin pairs, AutoRange Pools for a governance token, and a multi-asset weighted pool for an index basket.
Balancer highlighted the work as an example of the flexibility its V3 infrastructure offers, letting protocols mix pool types to fit different liquidity jobs within a single protocol.
Balancer warned users of a bug in its legacy v1 contracts that allows draining LP funds. The affected pools are deprecated and non-pausable, so Balancer urged users to withdraw proportionally via a dedicated interface, stressing that other Balancer products, including currently supported versions, are not affected.
The team has since sent an on-chain message to known addresses involved in the V1 exploit, following best practices and offering a path for the hacker to contact them and return the funds. Balancer said it understands affected users await further updates and will continue to provide them.
Decentralized exchange partner Royco Protocol chose Balancer V3 as the first venue for its senior-tranche SLP pools, which use Gyroscope's E-CLP pool type. The pool sets its range per market and can hold up to 100% stables — a shape no default AMM offers, so it relies on custom pool types. Royco cited liquidity profile and security as reasons, noting Balancer V3 has been extensively audited, is monitored live, and is backed by a $1M bug bounty.
As approved in BIP-928 and BIP-936, most Balancer pools shift to withdrawals-only mode on October 30, with withdrawals remaining available thereafter and bug bounty coverage ending the same day.
An attacker exploited a rounding error in Balancer v2's ComposableStablePool contracts, draining approximately $128 million across multiple blockchains in under two hours, despite prior audits.
Balancer released version 3 of its AMM platform, introducing new developer tools and a partnership with Aave for boosted pools.
Balancer unveiled the v3 codebase with a redesigned vault architecture focused on simplicity, flexibility, and scalability, ahead of final audits and deployment.
A week after Balancer disclosed a critical vulnerability affecting some v2 pools, an exploit drained approximately $2.1 million across multiple chains; some of the stolen funds were later returned or recovered.
Balancer released version 2.0 of its automated market maker, introducing a generalized AMM architecture built around a shared Protocol Vault to reduce gas costs and improve capital efficiency.
Balancer Labs announced a $5 million investment led by Three Arrows Capital and DeFiance Capital, joining Pantera Capital and Alameda Research to bring the company's Series A round to $12 million.
An attacker used a flash loan from dYdX to drain Balancer pools containing the deflationary token Statera (STA), exploiting a mismatch between STA's burn mechanism and Balancer's price calculations.
Balancer began distributing its BAL governance token to liquidity providers on June 1, 2020, and the token was listed on mainnet on June 23, 2020.
Balancer Labs raised $3 million in a seed round led by Accomplice and Placeholder, with participation from CoinFund and Inflection.
Balancer deployed its V1 automated market maker on Ethereum mainnet in March 2020, following the publication of its whitepaper in September 2019.
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