Balancer co-founder Fernando Martinelli said Balancer Labs will shut down as the protocol pivots toward a leaner, DAO-led structure following months of financial strain and fallout from a 2025 exploit.
The End of Balancer Labs
Balancer Labs, the original development entity behind the decentralized exchange ( DEX) protocol, is being wound down after what Martinelli described as a six-month stretch marked by legal risk, reputational damage, and unsustainable eco