A proposal has been made on the Balancer (BAL) governance forum to launch an official fork (chain split) that will continue the existing technology and ecosystem, regardless of whether the shutdown proposal passes. MAXYZ will lead the new fork, transferring liquidity, team members, partners, users, and intellectual property (IP), and postponing the suspension of pool and vault operations until Q2 2027 to secure a migration period. The new fork also includes a plan to provide approximately 6 million BAL (about $690,000), which is the remaining undistributed supply, as initial funding. Furthermore, if a future Token Generation Event (TGE) or other liquidity and exit events occur, 10% of the total token supply on a fully diluted basis, or an equivalent value, will be allocated to the Balancer treasury. The new protocol plans to focus on the RWA (Real World Assets) market, including tokenized stocks and on-chain index products, as its main business area. Previously, a separate proposal was initiated in the Balancer forum to cease protocol operations and distribute approximately $9 million in treasury assets to BAL holders.
