eicker.crypto 🧠crypto newsThe team behind veteran DeFi protocol Balancer has proposed winding down Balancer Labs and ending BAL token emissions entirely, five months after a 128M USD exploit rocked the protocol. The restructuring would cut the team from 25 to 12.5 full-time equivalents with an annual operating budget of 1.9M USD, a 34% reduction from the previous roadmap. https://thedefiant.io/news/defi/balancer-proposes-labs-shutdown-bal-tokenomics-shift #Blockchain #Crypto #DeFi #Balancer
Balancer Proposes Winding Down Labs, Ending BAL Emissions in Sweeping Reset
The team behind veteran DeFi protocol Balancer has posted two sweeping governance proposals that would wind down Balancer Labs, consolidate all operations under a DAO-controlled entity, and end BAL token emissions entirely.