Balancer Proposes Complete Tokenomics Reset: Zero BAL Emissions, veBAL Sunset, 100% Protocol Fees to Treasury
Alongside the corporate wind-down, Balancer DAO proposes a full tokenomics overhaul: immediately halt all BAL token emissions, sunset the veBAL governance token, and route 100% of protocol fees (~$1M annualized) to the DAO treasury for buy-and-burn operations. A $500K stablecoin compensation package over 6 months softens the impact on locked veBAL holders. Martinelli explicitly described the prior veBAL model as a 'circular bribe economy' distorted by external actors.