Balancer Labs shuts down operations six months after the $128M exploit in V2. The founder explains clearly: the corporate entity can no longer bear the legal exposure while the protocol migrates to DAO.
It's not a one-day drama; it's the structural consequence of a DeFi model that was born with emissions and is now paying the price.
Will this be repeated with other old protocols, or are we witnessing the natural cleaning of the space?
Source: decrypt
