Balancer co-founders announce the closure of Balancer Labs and a shift to a DAO architecture.

According to ME News, on March 24th (UTC+8), Balancer protocol co-founder Fernando Martinelli announced the official closure of Balancer Labs (BLabs). He stated that BLabs, as a corporate entity, had become a burden on the protocol's development, and due to ongoing legal risks stemming from the v2 vulnerability incident on November 3, 2025, coupled with a lack of sustainable revenue streams, the decision to close was inevitable. The core BLabs team members will be merged into Balancer OpCo through a governance vote, with Marcus and Danko responsible for submitting the relevant proposals. Fernando also stated that the protocol still possesses practical operational value—with annualized total transaction fee revenue exceeding $1 million over the past three months—and therefore will not cease operations entirely. He explicitly supports the currently proposed token economics restructuring plan, the core of which includes: reducing BAL emissions to zero, closing the veBAL mechanism, allocating 100% of protocol fees to the DAO treasury, reducing the v3 protocol's share to 25% to attract organic liquidity, and providing a buyback exit channel for BAL holders. (Source: ME)