[Balancer Plans to Shut Down Balancer Labs, Protocol to Operate via DAO, Foundation, and Service Provider Model] Balancer co-founder Fernando Martinelli disclosed in a post that due to a lack of revenue sources and ongoing legal risks stemming from the November 2025 v2 exploit incident, Balancer Labs will gradually shut down. Core team members are expected to be absorbed by Balancer OpCo, and related proposals will be submitted for governance voting. Martinelli stated that the Balancer protocol has evolved to a point where it no longer requires a traditional corporate entity. In the future, the protocol will operate through a DAO, foundation, and service provider model. The protocol itself continues to generate actual revenue, with annualized total fees exceeding $1 million over the past three months. However, the issue lies in the unsustainable economic model surrounding the protocol and its overly burdensome cost structure. Martinelli supports the proposed tokenomics restructuring plan and the accompanying operational BIP, which includes reducing BAL emissions to zero, ending the veBAL mechanism, routing 100% of protocol fees to the DAO treasury, providing exit liquidity for holders by repurchasing BAL at a fair price, and focusing on core product lines such as reCLAMM, LBP, and stablecoin/LST pools. Martinelli himself will no longer maintain a formal relationship with the protocol but is willing to provide support in an advisory capacity.