How the Bet Went

The author of this post, Balancer's leader, reports that the restructuring bet failed on revenue despite cost cuts and delivered products. Holders approved two proposals in April that cut emissions, simplified the token model, routed protocol fees to the DAO, and reduced the operating budget by a third, shrinking the team from roughly 25 people to 12.5 full time equivalents. The v3 products shipped, including Boosted Pools and reCLAMM (now AutoRange Pools), but most protocol revenue still comes from v2 and v3 revenue has not grown to replace it. The post proposes a winddown, says the code will stay open source, and says the author will not front a continuation plan.