Balancer DAO’s latest governance proposal details a plan to return $8M in recovered assets to affected LPs, emphasizing community decision-making and Safe Harbor compliance.
Balancer DAO has issued an official governance proposal to redistribute approximately $8 million in rescued assets following its v2 vault exploit, which resulted in a $110 million loss. The plan includes compensating liquidity providers based on asset snapshots taken prior to the exploit, awarding structured incentives to white-hat hackers who aided in recovery, and ensuring full adherence to the Safe Harbor Agreement. The DAO calls on the community to determine final allocation details, reinforcing its commitment to transparent and collaborative governance.