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Balancer protocol begins phased shutdown, ending most pool operations by Nov 30

Protocol Fundamentals
01 Nov 2026, 03:12 WIB
Tokenpost
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Bearish
Balancer protocol begins phased shutdown, ending most pool operations by Nov 30

Balancer's core team ceased normal operations on Oct. 31 as the protocol started a phased shutdown under community-approved BIP-928. Most liquidity pools switched to withdrawal-only mode on Oct. 30, and the bug bounty program ended the same day. A limited number of V3 pools have been approved to continue until Nov. 30, when the V3 Vault will pause, marking the next step in the shutdown. This follows a challenging year for Balancer, including a hack, fund recovery, and team restructuring. Users are advised to follow official channels for updates on withdrawals and the shutdown process.

Balancer's core team operations ended as the protocol begins shutdown under BIP-928, providing context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 01, 2026 06:51 WIB: out of 50 priced assets, 23 rose and 26 fell today. Notable movers include BAL (Balancer) up 11.14% at Rp16.297 with a typical hold time of 85 days, BAT (Basic Attention Token) up 9.89% at Rp2.590 with 99% buy order activity and a hold time of 93 days, and SXP (Solar) down 46.27% at Rp37 with a hold time of 94 days.

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