Balancer
BALDeFi automated market making protocol
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Project Overview
Balancer is a DeFi automated market making protocol that uses novel, self-balancing weighted pools. The protocol enables anyone to create a pool of assets with predefined weights. Balancer aims to be a platform for DAOs and other protocols to build tools that offer useful liquidity to their end users and products.
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
Pause Timeline Delayed to Q2 2027, Balancer Proposes Fork to Restart Protocol
Odaily Report: The Balancer community has proposed a "Fork and Reincarnate" proposal, aiming to continue its technology and ecosystem through an official fork in the event that the protocol may be shut down, and to position the new protocol as a tokenized stock trading platform. The proposal suggests that MAXYZ lead the establishment of a new official fork entity, migrating part of the liquidity, team members, partners, users, and intellectual property, while delaying the pause timeline for existing pools and the Vault to Q2 2027.Regarding funding, the proposal plans to use approximately 6 million uncirculated BAL remaining from Balancer as seed funding for the new project, worth about $690,000 at current prices; if the new protocol conducts a token issuance or other liquidity exit event in the future, the Balancer treasury will receive 10% of the new protocol token's fully diluted valuation in advance. The proposal also plans to grant the new fork a perpetual, irrevocable, non-exclusive license to Balancer-related intellectual property.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
Coinbase will suspend trading for Balancer (BAL) and Tensor (TNSR)
Coinbase Markets announced that, following a recent review, Coinbase will pause trading for Balancer (BAL) and Tensor (TNSR) at 3:00 AM Beijing Time on November 10. The BAL and TNSR order books have switched to price-only mode, and users can continue to withdraw their assets normally.
Balancer sends on-chain message to V1 exploit hacker, demanding return of funds.
Balancer (@Balancer) officially announced that the Balancer team sent an on-chain message to known addresses involved in the Balancer V1 vulnerability incident on September 4. Following industry best practices, the message provides a contact channel for the hackers and requests the return of the stolen funds. The team stated that affected users are waiting for further updates, the investigation is ongoing, and related progress will continue to be disclosed.
$TOP Token Suffers Governance Attack, Sustaining ~$1.59M in Losses
According to BlockSec Phalcon (@Phalcon_xyz), the $TOP token suffered a governance attack, resulting in losses of approximately $1.59 million. The attacker exploited the token’s low market capitalization to acquire over 50% of voting power at minimal cost. Subsequently, they passed a malicious governance proposal to mint a large quantity of $TOP tokens for themselves, then swapped these tokens for WETH via the Balancer liquidity pool—depleting the pool’s liquidity. BlockSec Phalcon advises projects using governance mechanisms similar to those of Lido or Aragon to promptly review governance security measures, including voting power distribution, quorum and approval thresholds, and minting permissions.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
U.S. Government Transfers Another $216,000 Worth of Seized FTX/Alameda Assets, Bringing Total to $984,000
According to on-chain analyst Onchain Lens (@OnchainLens), the U.S. government has transferred an additional $216,000 worth of assets from the seized FTX/Alameda-related funds, bringing the total transferred amount to $984,000. The assets involved in this transfer include LINK, AAVE, CHZ, and BAL.
Balancer attacker has exchanged 21,000 ETH for 617.43 BTC over the past three days
according to Onchain Lens monitoring, a Balancer attacker has exchanged 21,000 ETH for 617.43 BTC over the past three days, worth $48.72 million. The attacker currently still holds 1,000 ETH, worth $2.32 million, and may conduct further sell-offs.
Balancer attacker-linked address transferred 5,609 ETH worth $13 million to THORChain over the past 9 hours
according to on-chain analyst Ai Yi's monitoring, an address linked to the Balancer attacker has transferred 5,609 ETH, worth $13 million, to THORChain over the past 9 hours. In November 2025, Balancer was hacked for over $116 million, a incident with the same suspected culprit as the Aave attack, both pointing to the North Korean hacker group Lazarus Group. Both entities have recently been frequently using Tornado Cash for money laundering.
The Balancer hacker has currently converted 14,300 ETH into 419.3 BTC.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million worth of assets from Balancer last November has been continuously swapping ETH for BTC via THORChain. To date, the hacker has swapped a total of 14,300 ETH for 419.3 BTC (approximately $32.51 million). The hacker currently holds 7,700 ETH on the Ethereum chain and 419.3 BTC on the Bitcoin chain, with a combined value of approximately $50.4 million. Since the price of ETH has fallen significantly from around $3,600 at the time of the theft, the value of the hacker’s holdings has shrunk by nearly half—from the original $98 million.
Balancer hacker has swapped 7,000 ETH for 204.7 BTC, worth approximately $15.88 million
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million in assets from Balancer last November is today exchanging ETH for BTC via THORChain. So far, 7,000 ETH have been swapped for 204.7 BTC—valued at roughly $15.88 million—and the process continues. Additionally, it has been disclosed that this address currently holds 15,000 ETH on Ethereum, valued at approximately $34.65 million, and 204.7 BTC on Bitcoin.
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
Balancer Community Votes to Pass BIP-928 Orderly Liquidation Proposal
Decentralized exchange protocol Balancer announced that community voting has approved the BIP-928 ordered liquidation proposal, while the fork proposal BIP-929 was not approved. The protocol's liquidity pools will operate normally until October 30, after which they will transition to a "withdrawal-only" mode and the bug bounty program will be simultaneously terminated. V3 vaults are expected to pause on November 30. Due to the non-custodial nature of the smart contracts, liquidity providers can withdraw funds at any time, and relevant withdrawal guidelines will be published prior to October 30.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
Balancer V1 attack suspected to be ongoing, attacker has reportedly profited $250,000 so far
Odaily News According to on-chain detective Specter's monitoring, Balancer appears to have suffered a V1 attack. An attacker is continuously transferring funds and has profited $250,000 so far. The relevant address is 0x112...E0aE.
Balancer sends on-chain message to V1 exploit hacker, demanding return of funds.
Balancer (@Balancer) officially announced that the Balancer team sent an on-chain message to known addresses involved in the Balancer V1 vulnerability incident on September 4. Following industry best practices, the message provides a contact channel for the hackers and requests the return of the stolen funds. The team stated that affected users are waiting for further updates, the investigation is ongoing, and related progress will continue to be disclosed.
Balancer legacy v1 contract contains a vulnerability; LP funds may be drained
Odaily News: Balancer has announced that a vulnerability has been discovered in its legacy Balancer v1 contracts, which could potentially lead to LP funds being drained. The affected liquidity pools have been deprecated and cannot be paused, so users are advised to withdraw their liquidity as soon as possible. Other Balancer products are not impacted.
Over $500,000 in left-behind assets discovered before shutdown; Balancer has notified relevant institutions to claim
Odaily reports: Balancer has announced that during an inventory of DAO assets, it discovered over $500,000 in assets and unclaimed rewards left in the protocol by external users and institutions, involving institutions such as Ethena and Gauntlet. Some liquidity assets in Balancer v3 use Vault internal accounting and cannot be displayed properly on block explorers or asset management tools such as DeBank; in addition, some users still have unclaimed rewards after withdrawing liquidity from v2. Balancer has notified the relevant asset owners, and some institutions have begun withdrawals. Previously, the Balancer community approved a proposal to gradually wind down the protocol's operations, and some pools will switch to withdrawal-only mode on October 30.
Balancer Community Votes to Pass BIP-928 Orderly Liquidation Proposal
Decentralized exchange protocol Balancer announced that community voting has approved the BIP-928 ordered liquidation proposal, while the fork proposal BIP-929 was not approved. The protocol's liquidity pools will operate normally until October 30, after which they will transition to a "withdrawal-only" mode and the bug bounty program will be simultaneously terminated. V3 vaults are expected to pause on November 30. Due to the non-custodial nature of the smart contracts, liquidity providers can withdraw funds at any time, and relevant withdrawal guidelines will be published prior to October 30.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
Balancer sends on-chain message to V1 exploit hacker, demanding return of funds.
Balancer (@Balancer) officially announced that the Balancer team sent an on-chain message to known addresses involved in the Balancer V1 vulnerability incident on September 4. Following industry best practices, the message provides a contact channel for the hackers and requests the return of the stolen funds. The team stated that affected users are waiting for further updates, the investigation is ongoing, and related progress will continue to be disclosed.
Ethereum Foundation: Glamsterdam Upgrade May Break Some Wallets, Indexers, and Gas Estimation Tools
Odaily News: The Ethereum Foundation (EF) has warned that the Gas model changes in the Glamsterdam upgrade may cause some wallets, indexers, and gas estimation tools to malfunction. The EF Protocol DevOps team stated that tools relying on hardcoded maximum gas limits will fail, and developers need to update their systems and test on the Plataberget public testnet. Plataberget went live on August 13 and is expected to run for several months. The Glamsterdam fork is scheduled to activate on the Ethereum network on Thursday, followed by deployment to the Sepolia and Hoodi testnets. EIP-8037 will introduce a separate state gas dimension for operations that create new state. Transferring ETH to an existing account will still require 21,000 gas, while transfers to new accounts will incur additional state gas; developers should also re-examine software that treats 21,000 gas as the cost for all ETH transfers, or that estimates transaction fees using only a single gas dimension. (Cointelegraph)
BNB Chain Releases 2026 H2 Technology Roadmap: BSC Throughput Target to Double
BNB Chain has released its technology roadmap for the second half of 2026, announcing continued optimization around speed, throughput, and protocol stability. The network plans to double the throughput of the BSC mainnet again, while developing a next-generation Layer 1 architecture designed for the next decade.BNB Chain stated that in the first half of 2026, BSC completed several performance upgrades, including reducing the block interval from 750 milliseconds to 450 milliseconds, decreasing Memory Finality time from 1125 milliseconds to 650 milliseconds, and increasing baseline throughput from approximately 2800 TPS to around 5200 TPS. At the middleware level, BNB Chain has also advanced AI agent and payment infrastructure development, including the launch of BNB Agent Studio and BNB Agent SDK to support autonomous on-chain AI agent deployment. It has also continued to refine the Middleware Payment Protocol (MPP) SDK and is exploring institutional-grade privacy frameworks.For the second half of 2026, BNB Chain has outlined three core objectives:Double throughput: Through BEP-675, BAL integration, and EVM execution optimizations, drive further performance improvements on the BSC mainnet, with a long-term goal of achieving a 10x overall performance increase for the BNB Chain ecosystem;Mitigate network congestion impact: Enhance stability during peak periods through resource isolation, dedicated transaction channels, and a transaction inclusion mechanism based on the FOCIL concept;Lower barriers to entry: Optimize gas fee structures for different industries to reduce costs for enterprises entering Web2 and Web3 application scenarios.
Related news
Over $500,000 in left-behind assets discovered before shutdown; Balancer has notified relevant institutions to claim
Odaily reports: Balancer has announced that during an inventory of DAO assets, it discovered over $500,000 in assets and unclaimed rewards left in the protocol by external users and institutions, involving institutions such as Ethena and Gauntlet. Some liquidity assets in Balancer v3 use Vault internal accounting and cannot be displayed properly on block explorers or asset management tools such as DeBank; in addition, some users still have unclaimed rewards after withdrawing liquidity from v2. Balancer has notified the relevant asset owners, and some institutions have begun withdrawals. Previously, the Balancer community approved a proposal to gradually wind down the protocol's operations, and some pools will switch to withdrawal-only mode on October 30.
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
Coinbase will suspend trading for Balancer (BAL) and Tensor (TNSR)
Coinbase Markets announced that, following a recent review, Coinbase will pause trading for Balancer (BAL) and Tensor (TNSR) at 3:00 AM Beijing Time on November 10. The BAL and TNSR order books have switched to price-only mode, and users can continue to withdraw their assets normally.
Balancer Community Votes to Pass BIP-928 Orderly Liquidation Proposal
Decentralized exchange protocol Balancer announced that community voting has approved the BIP-928 ordered liquidation proposal, while the fork proposal BIP-929 was not approved. The protocol's liquidity pools will operate normally until October 30, after which they will transition to a "withdrawal-only" mode and the bug bounty program will be simultaneously terminated. V3 vaults are expected to pause on November 30. Due to the non-custodial nature of the smart contracts, liquidity providers can withdraw funds at any time, and relevant withdrawal guidelines will be published prior to October 30.
Balancer Holders Approve Liquidation Plan, Reject Official Fork Chain Proposal
Odaily Report: Token holders of DeFi protocol Balancer have voted to approve a protocol liquidation plan and rejected a proposal to launch an official fork chain. Under the plan, pausable pools will transition to withdrawal-only mode starting October 30; BAL holders will need to wait until the end of May 2027, at which point they can redeem their tokens for protocol treasury assets.
Pause Timeline Delayed to Q2 2027, Balancer Proposes Fork to Restart Protocol
Odaily Report: The Balancer community has proposed a "Fork and Reincarnate" proposal, aiming to continue its technology and ecosystem through an official fork in the event that the protocol may be shut down, and to position the new protocol as a tokenized stock trading platform. The proposal suggests that MAXYZ lead the establishment of a new official fork entity, migrating part of the liquidity, team members, partners, users, and intellectual property, while delaying the pause timeline for existing pools and the Vault to Q2 2027.Regarding funding, the proposal plans to use approximately 6 million uncirculated BAL remaining from Balancer as seed funding for the new project, worth about $690,000 at current prices; if the new protocol conducts a token issuance or other liquidity exit event in the future, the Balancer treasury will receive 10% of the new protocol token's fully diluted valuation in advance. The proposal also plans to grant the new fork a perpetual, irrevocable, non-exclusive license to Balancer-related intellectual property.