BAL holders have approved a plan for the gradual shutdown of Balancer (confirmation); V3 pools will continue operating until October 30. The Abracadabra team has proposed closing the protocol and liquidating the MIM stablecoin following a series of exploits; more than 95% of the MIM supply is effectively unbacked.

Balancer Treasury Distribution — Starting May 2027

The distribution of treasury funds among BAL holders will begin in May 2027.

MIM Has About $900K in Collateral for 22 Million Tokens

There are approximately 22 million MIM in circulation, with available collateral estimated at around $900,000, indicating coverage of less than 5% of the supply.