Balancer approved BIP-928 the orderly shutdown proposal,October 30 the pool is planned to support withdrawals only
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AT A GLANCE
Balancer The community approved an orderly shutdown proposal, with the liquidity pool planned to operate until October 30。
Article
Balancer The community voted to approve an orderly shutdown proposal, with the liquidity pool operating until October 30
PANews September 30 news,Balancer officially announced that BAL holders voted to approve BIP-928 orderly shutdown proposal, while the fork proposal BIP-929 was not approved. The liquidity pool will continue operating as usual until October 30, with withdrawals remaining open throughout. Key milestones:October 16 the deadline for partners to apply to extend operation of designated V3 Vault pools until November 30,October 30 from which point, where permitted by the contract, the pool will switch to withdrawals only, and the bug bounty program will end simultaneously,November 30 V3 Vault will be suspended.BAL holders currently do not need to take any action; starting from 2027 May year-end, they are expected to be able to burn BAL, and receive a proportional share of the treasury assets; tetuBAL holders will receive an amount equivalent to 50%of their locked assets in B...
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Key points
01
Balancer officially announced that BAL holders voted to approve BIP-928 the orderly shutdown proposal.
02
fork proposal BIP-929 was not approved.
03
The liquidity pool will continue operating as usual until October 30, with withdrawals remaining open throughout.
04
October 30 From that point onward, where permitted by the contract, the pool will switch to withdrawals only.
05
The bug bounty program will end simultaneously, and November 30 V3 Vault will be suspended.
06
BAL Holders currently do not need to take any action; starting from 2027 year May-end, they are expected to be able to burn BAL and receive a proportional share of the treasury assets.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that Balancer the community chose to gradually stop some operations according to a schedule, rather than adopt the fork proposal. Users can still make withdrawals for now, but the pool may subsequently allow withdrawals only.
Why it matters to readers
The liquidity pool and V3 Vault have clear subsequent timelines, and the relevant holders and users need to monitor the operating status and withdrawal arrangements.
If you hold BAL or have funds in Balancer the liquidity pool, you should pay close attention to changes in October 30 and November 30.
Risks and unknowns
The content at the end of the original text concerning arrangements for tetuBAL holders was truncated.
The original text does not clearly specify the years corresponding to the dates above.
October 30 The statement that the pool will switch to withdrawals only includes “where permitted by the contract”; actual implementation remains to be observed.
BAL The original text does not fully explain the specific rules for receiving a proportional share of the treasury assets.
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Related concepts
Liquidity pool
This term is not in the glossary yet. Browse related concepts in the glossary.
A mechanism that rewards researchers for responsibly disclosing vulnerabilities in code or infrastructure; rewards are typically adjusted according to the severity of the vulnerability.
