BIP-928 wind-down vote live on Snapshot through Sept 29
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.
- The two "Yes" options differ only on the tetuBAL share (50% or 100% of the BAL behind those tokens) and count as a single Yes — the larger one sets the cut.
- Voting is 1 BAL = 1 vote on any of the seven chains where BAL is deployed; BAL inside 80/20 BAL/WETH counts too, and each proposal needs 5M BAL to reach quorum.
- No treasury claim exists today — Balancer warns against scammers offering to claim or redeem BAL; redemption opens only if BIP-928 passes.
Sources
- There is no treasury claim today. If BIP-928 passes, redemption opens at the end of May 2027 and will be announced at least two weeks ahead. Voting on Snapshot is free and never asks you to approve tokens or send funds. Beware of scammers that will offer to claim or redeem BAL Replying to their earlier post: How voting works: -> 1 BAL, 1 vote, on any of the seven chains where BAL is deployed -> On Ethereum, the BAL inside 80/20 BAL/WETH counts too, including positions still in veBAL locks -> If…x.com ↗
- How voting works: -> 1 BAL, 1 vote, on any of the seven chains where BAL is deployed -> On Ethereum, the BAL inside 80/20 BAL/WETH counts too, including positions still in veBAL locks -> If you delegated, your delegate votes with your BAL Each proposal needs 5M BAL of votes to Replying to their earlier post: BIP-929, from @maxyz_xyz, is a regular Yes or No on launching an official fork of Balancer as a new protocol. -> Pools keep running with no pause before Q2 2027, so there's time to migrate -> L…x.com ↗
- One nuance when reading the BIP-928 result: The two "Yes" options differ only on how much tetuBAL holders receive, 50% or 100% of the BAL behind their tokens. Snapshot shows them as separate bars, but they count as a single Yes. The bigger of the two then sets the tetuBAL share. Replying to their earlier post: BIP-928, from @Marcus_Balancer, would wind Balancer down in phases. -> Pools start moving to withdrawals only on October 30th, with some partner V3 pools staying live until November 30th -> Fro…x.com ↗
- BIP-928, from @Marcus_Balancer, would wind Balancer down in phases. -> Pools start moving to withdrawals only on October 30th, with some partner V3 pools staying live until November 30th -> From the end of May 2027, holders can burn BAL to redeem a pro rata share of the Replying to their earlier post: The two votes are independent, so you vote on each one separately. Both can pass, both can fail, or one can pass without the other. They conflict on one point only, when pools pause. BIP-928 starts m…x.com ↗
- Two votes will decide Balancer's future. BIP-928 proposes an orderly wind-down that distributes the treasury to BAL holders, and BIP-929 an official fork that carries the technology forward under a new name. Both are live on Snapshot until Tuesday, September 29th at 6PM UTC. https://t.co/VKj35Kvzlpx.com ↗
- Participate in the discussion at: https://t.co/iThwYv6hFB Replying to their earlier post: A proposal to wind down Balancer and distribute the treasury to BAL holders is live on the forum, authored by Marcus Hardt. Discussion is open; a Snapshot vote is expected to happen from 25 to 29 Sept…x.com ↗
- A proposal to wind down Balancer and distribute the treasury to BAL holders is live on the forum, authored by Marcus Hardt. Discussion is open; a Snapshot vote is expected to happen from 25 to 29 September. Nothing changes today: pools and withdrawals work as they do now. Anyx.com ↗
