The balancer community proposes the Fork and Reincarnate initiative to transform into a tokenized stock trading platform

The Balancing community has proposed the Fork and Reincarnate initiative, which aims to transform the protocol into a tokenized stock trading platform through an official fork. The proposal suggests that MAXYZ take the lead in establishing a new entity, migrating liquidity, teams, and intellectual property, and postponing the suspension of existing pools and vaults until the second quarter of 2027. The proposal plans to use 6 million BALs as seed funding, and the Balancing Treasury will receive 10% of the new protocol token FDV. The new agreement will use balancer technology to bet on tokenized stocks. If 10% of the daily trading volume of $75 million in the US stock market is put on the chain and a one basis point handling fee is charged, the theoretical annualized income can reach $27.4 million.