Balancer Team Ends Final Regular Business Day; Protocol Wind-Down Work Will Continue

According to Shenchao TechFlow, on November 1, Balancer team member Marcus posted on X that the Balancer team has reached its final regular business day, marking that the DeFi protocol's team operations have entered their wind-down phase.

Marcus recalled that since its inception, Balancer has successively launched weighted liquidity pools, liquidity bootstrapping pools, V2 Vault, Boosted Pools, and V3, among other products, contributing to the development of DeFi liquidity infrastructure. However, security attacks on the protocol over the past year caused losses for users, after which the team underwent asset recovery, organizational restructuring, and ultimately decided to gradually cease operations.

Marcus emphasized that although the team's regular work has ended, Balancer's wind-down work will continue in accordance with the BIP-928 proposal. Users should follow subsequent official announcements for information on the remaining wind-down steps and asset withdrawals.

Source: Shenchao TechFlow