The Balancer team has concluded its last regular working day, and the protocol wind-down will continue.

on November 1, Balancer team member Marcus posted on X stating that the Balancer team has reached its last regular workday, marking the beginning of the wind-down phase for the protocol's operations.

Marcus noted that since its inception, Balancer has sequentially launched products such as weighted liquidity pools, liquidity bootstrap pools, V2 Vaults, Boosted Pools, and V3, contributing to the development of DeFi liquidity infrastructure. However, security breaches over the past year resulted in losses for users. The team subsequently went through asset recovery and organizational restructuring, ultimately deciding to gradually cease operations.

Marcus emphasized that although regular team work has ended, Balancer's wind-down process will continue in accordance with Proposal BIP-928. Users should monitor official follow-up announcements to obtain information on remaining wind-down steps and asset withdrawals.