TechFlow reports that on March 24, Fernando Martinelli, co-founder of the Balancer protocol, announced the official shutdown of Balancer Labs (BLabs). He stated that BLabs, as a corporate entity, has become a burden on the protocol’s development. Additionally, due to ongoing legal risks stemming from the v2 vulnerability incident on November 3, 2025, and the lack of a sustainable revenue stream, the decision to shut down BLabs has become unavoidable.
The core BLabs team members will be integrated into Balancer OpCo via governance voting; the related proposal will be submitted by Marcus and Danko. Fernando also emphasized that the protocol retains real operational value and will not cease operations entirely.
Add to Favorites
Share to Social Media
