Balancer proposes a survival restructuring after the V2 exploit in Nov 2025. - Balancer Labs winds down. Operations consolidate under OpCo - Team cut from ~25 to 12.5. Budget down 34% to $1.9M per year - veBAL... dead. $500K compensation to locked holders over 6 months - All BAL emissions stopped. - 100% of protocol fees now go to DAO treasury (was ~17.5%) - V3 protocol fee cut from 50% to 25% so LPs keep more Annual deficit drops from $2.6M to $700K. Runway extends from 4 years to ~9. Very sad to see as I received the BAL airdrop and had great fun LPying on it. Good times. Though I haven't used Balancer in quite a while.(Ignas | DeFi)