Crypto
Balancer confirms protocol shutdown, withdrawals only from late October
The Balancer community has approved a proposal to end operations of the DeFi protocol and proceed with an orderly wind-down. The proposal, BIP-928, passed, while a separate plan to continue the protocol via a fork, BIP-929, failed. Existing pools will operate normally until Oct. 30, when eligible pools will shift to withdrawals only. The bug bounty programme ends the same day, and V3 vaults stop on Nov. 30.
