Balancer Foundation Proposes Restructure With BAL Tokenomics Revamp and Cost Cuts

On Mar 23, 2026, the Balancer Foundation submitted governance proposals that would overhaul BAL tokenomics and reorganize operations to extend the protocol's runway. The plan would halt BAL incentives, end veBAL, route 100% of protocol fees to the DAO treasury, and offer a BAL buyback for holders who want to exit. It also calls for winding down Balancer Labs, moving work into a new operating company, and cutting headcount from 25 to 12.5 while reducing the new entity's budget by 34% to $1.9M.