Balancer Proposes Winding Down Labs, Ending BAL Emissions in Sweeping Reset
Five months after a $128M exploit rocked the protocol, Balancer is proposing its most radical restructuring yet. 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. The operational restructuring proposal, posted on…