[Balancer Proposes Orderly Shutdown of Protocol, Plans to Distribute at Least $9 Million from DAO Treasury to BAL Holders] The Balancer community has proposed an orderly shutdown of the protocol, outlining plans to gradually wind down Balancer: halting new business development, phasing out the protocol, and closing the DAO to the extent feasible. The treasury will be proportionally distributed to BAL holders in the form of assets, with a current estimated value of at least $9 million. The BIP-919 buyback will be canceled, and BIP-687 will be replaced. According to the proposal, the contributor notice period will last until October 31, 2026, and liquidity pools will transition to withdrawal-only mode on October 30. The first round of distribution is set to begin at the end of May 2027, during which holders will burn BAL to claim their share of the treasury. The second round will be an airdrop to addresses that participated in the first round, conducted within two months after the first round's conclusion. Final liquidation will occur six months later. A Snapshot vote is scheduled for September 25–29.