Balancer ends token emissions, cuts costs to focus on revenue and sustainability

Balancer is proposing a major restructuring to stop BAL token emissions and phase out veBAL, shifting from incentive-driven growth to a revenue-focused model. The plan includes routing all protocol fees to the DAO Treasury, increasing annual revenue projections from $290K to $1.22M, and implementing a buyback and burn program to reduce circulating supply by up to 35%. The protocol will also focus on revenue-generating products and limit support to profitable networks, aiming for long-term sustainability despite risks of reduced liquidity and increased centralization. This move reflects a broader DeFi trend toward organic revenue and cost discipline.