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Ignas
@DefiIgnas
Subscribe to my DeFi blog to get ahead of the curve 👉 Co-founder of @PinkBrains_io DeFi Creator Studio
Joined February 2017
1.9K Following    164.4K Followers
Sad to see Balancer winding down: I have fond memories using (and farming) it since day 1 but tbh I haven't used it for years now. So shutting down is understandable. Interestingly, if the proposal passes, holders could redeem $BAL for their share of the treasury. ~$9.15M treasury vs ~$7.6M market cap. Without treasury held $BAL and shutdown costs and we get ~11% upside at current prices. Still need to confirm how much BAL qualifies. And unclaimed allocations go to those who redeem! If 10% of eligible BAL goes unclaimed, the payout per redeemed token rises another ~11%. So lost keys could benefit everyone else. I bet smart traders already calculating the trade. But redemptions only start in May 2027, with unclaimed shares distributed by January 2028. Quite a wait for that spread and lock in your capital...
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