Balancer Proposes Major Restructuring and Operational Shift

Balancer has put forward a proposal to undergo significant restructuring, which includes closing Balancer Labs OÜ and transitioning operations to a DAO-controlled entity. According to NS3.AI, the plan also involves reducing the team size to 12.5 full-time equivalents from the current 25. In a related proposal, Balancer aims to stop BAL emissions, retire veBAL, and redirect all protocol fees to the DAO treasury. These changes are set to be decided in an upcoming snapshot vote.