[BIP-928] Orderly Winddown of Balancer and Distribution of the Treasury

Governance General Proposal
6

(Pitch)fork Incoming

Authors: @zekraken @gosuto

GM Ballers! We are still working out the details, but wanted to let everyone know we are gauging interest for an alternative direction.

Some of our initial comments:

  • The urgency in Marcus’ wind-down proposal is not justified. Instead stick to the original timeline of the restructure (BIP-918): gradually pause and wind-down end date Q2 2027

  • Explore an official fork/reincarnation. Too many opportunities have been missed in the last months by inaction (dev team fell apart almost immediately; plus there was no actual vision/roadmap) and bad timing (institutional stonks bull market just warming up). Multiple parties have indicated interest already in some kind of continuation

  • Let MAXYZ lead this initiative; currently there is no plan for management after 31 October (we count at least 6 TBD votes in Marcus’ proposal that are still undefined). No significant deviation from Marcus’ budget would be required

  • Generally aligned on the following:

    • Balancer Foundation/entities/brand/dapp winds down completely

    • BAL token will become redeemable against treasury

Join Us

If we haven’t spoken to you yet, but you want to be a part of this or want to share your thoughts: reach out!

A definitive proposal will be posted before next week.

5 Likes