Balancer's CEO Just Asked Token Holders to Vote the Protocol Dead. Its $9M Treasury Is Worth More Than Its Own Token.
One of the original DeFi AMMs is proposing to pause every pool, fire itself, and hand the treasury to anyone willing to burn their BAL. Revenue is $30K a month against $150K in costs, ten months after a rounding error drained $128 million. The vote runs September 25 to 29.