**Author: KarenZ, Foresight News**
On November 3, 2025, a security incident involving losses exceeding $120 million largely shattered the growth illusions of DeFi veteran protocol Balancer.
This was Balancer's largest security incident in history. But the deeper wound doesn't lie in that astronomical figure.
Flipping through the financial data attached in Balancer's latest proposal, its fundamentals have long since become grim: the protocol's annualized fees are approximately $1.65 million, with the DAO's estimated annualized revenue at only $290,000, representing 17.5%.
The remaining funds flowed to veBAL holders, core pools, and Balancer
Jinse Finance reported that the Resolv Foundation announced on the X platform that due to a recent security incident involving Resolv Labs' stablecoin USR, with both the protocol and applications suspended, the Season 4 airdrop claim function is temporarily unavailable. Additionally, the staking and unstaking functions for RESOLV tokens are temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, these functions will be restored.
Golden Finance reports that the Backpack team, in response to sybil detection issues, has decided to open an appeal channel and establish new standards to compensate affected users. They will provide targeted compensation through token buyback mechanisms.
Certain CEX official personnel announced that regarding the Sybil detection issue, the team has communicated with those in charge and is preparing to open an appeals channel. Through the new "Criterion No. 3," eligible users can receive a refund of 50% or more points, and a compensation plan will be launched in the coming days.
Balancer has proposed two governance proposals to eliminate token issuance mechanisms and reshape its economic model, increasing liquidity provider fees to 75% and repurchasing and burning BAL tokens worth $3.6 million. This move aims to reduce reliance on token incentives and shift toward real yields. A $500,000 compensation program has also been launched to balance interests, while consolidating resources to focus on core products, demonstrating a shift from high-inflation models toward cash flow-centric DeFi structures.
Gate News Alert: On March 24th, YZi Labs transferred 87.5 million RDNT (valued at $470,000) to a certain CEX. These RDNT tokens were acquired through vesting unlocks over the past two years, which were valued at approximately $3.86 million at the time of unlock, with only $470,000 remaining at present.
バイオテクノロジー企業のNovaBayは、戦略的な変革とブランド変更を発表し、デジタル資産分野への進出を目指してStablecoin Development Corporationに改名しました。株価は約19%上昇しています。同社は株式コードをNBYからSDEVに変更し、約206億SKYトークンを保有しています。この変革は、1億3400万ドルの私募資金調達によって支えられました。