Balancer has proposed winding down the protocol after its post-exploit restructuring failed to generate enough revenue.The remaining treasury, currently worth more than $9 million, would be distributed to BAL holders through a phased process.Protocol revenue fell from $1.13 million in October 2025 to $371,000 in November following the $128 million exploit and reached $56,781 in August.Liquidity providers would have until Oct. 30 to prepare their exits before Balancer moves to minimal withdrawal infrastructure from Nov. 1.BAL holders are scheduled to vote on the wind-down proposal from Sept. 25 to Sept. 29.