# \[BIP-929\] Fork and Reincarnate **URL:** \ **Category:** General Proposal\ **Created:** [September 20, 2026, 7:44pm UTC](https://forum.balancer.fi/t/bip-929-fork-and-reincarnate/7112 "2026-09-20T19:44:38Z")\ **Posts on this page:** 1\ **Showing post:** 5
**Author:** ![maxyz.xyz](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/maxyz.xyz/32/3806_2.png) [@maxyz.xyz](https://forum.balancer.fi/u/maxyz.xyz)\ **Post date:** [September 23, 2026, 7:43pm UTC](https://forum.balancer.fi/t/bip-929-fork-and-reincarnate/7112/5 "2026-09-23T19:43:27Z")
# FAQ ## Why a grant in $BAL? We like to think of the DAO’s non-circulating $BAL as its untapped potential. It is the last bit of $BAL that it was never able to materialise into contributions, liquidity, partnerships, etc. We therefore thought it to be fitting to propose to grant exactly this $BAL to act as the pre-seed for the fork. Balancer considers winding down, and in the process uses its unconsumed reserves to start anew. ## How would it affect NAV? The effects this grant would have on the treasury’s NAV could only be positive; it is a liability on its balance sheet less and 10% of the fork’s value is pre-allocated to the Balancer treasury. However, some of the grant would find its way into circulation, somewhat reducing the NAV per share. @rebelhermits’s rough percentage looks correct (`1-(74.602m/(74.602m-6m))`), meaning the old NAV of $0.1487 would go to $0.1368, just a bit more than a cent. Ultimately, the question to consider is, is up to 8.7% of the supply today worth more or less than 10% of the fork? ## Relation to Wind-down After talking to the directors in charge of the potential wind-down, we have learned that the rough costs for keeping pools unpaused are around $5k per month (API, hosting, maintenance). This is likely covered by any revenue that keeps flowing in due to the pools still being in production. In any case, the $220k buffer in the wind-down budget will be able to cover any of these additional expenses. # Tetu Our understanding is that Marcus’ proposal already earmarked some non-circulating $BAL supply to the tetuBAL locker. When writing our proposal, we did not realize that there might not be enough non-circulating supply to cover both tetuBAL and our grant. Therefore, we propose to receive only half of the grant upfront, and the remainder (meaning up to 6m $BAL in total) after tetuBAL holders have been paid out. ## Intellectual Property For our purposes, the IP licenses we mention relate to the codebase, not necessarily Balancer’s trademark(s). Just to be clear; the fork would have nothing with the $BAL token, carry a new name and new logo, all falling under a new entity. --- _[View the full topic](https://forum.balancer.fi/t/bip-929-fork-and-reincarnate/7112)._