Daily Digest
CoW Protocol is voting on CIP-88 to unwind the Balancer token swap and repurchase COW tokens held by Balancer DAO, ending in 1 day. Meanwhile, Safe’s SEP 56 proposal to fund Safenet Aegis for SAFE token utility growth ends today, and Balancer’s BIP-931 tokenswap with CoWSwap concludes concurrently with CIP-88.
Protocols in this digest
Items
15
Protocols
7
Closing soon
9
Next 3 days
Alpha takeaways
Cross-protocol treasury rebalancing and strategic partnership unwinds dominate governance activity, signaling a shift toward liquidity optimization over long-term alignment.
The CoW-Balancer token swap unwind (CIP-88/BIP-931) exemplifies a broader trend of protocols revisiting legacy treasury arrangements to recapture liquidity, while Safe's SEP 56 and Nouns' Robinhood proposal demonstrate continued investment in token utility infrastructure. Notably, 5/7 protocols have active treasury reallocation proposals, with risk management taking a backseat (only 1 risk item). This concentration suggests protocols are prioritizing capital efficiency amid market conditions that favor flexible liquidity positions over locked partnerships.
Highlights
Closing in 1 day - Category: misc
Closing in 1 day - Category: treasury
All items
If passed, this proposal confirms the final Open Liquidity Program institutional performance of epoch 63 as well as the distribution of 24849.993 INJ tokens, comprising 14899.997 INJ vested from epoch 60, and 9949.996 INJ representing 50% of the epoch 63 rewards allocation. The remaining OLP rewards from epoch 63 will be disbursed along with the rewards disbursement of epoch 66. The recipient must still be an active participant of the program in order to receive future disbursements. For a...
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Closing in 1 day - Category: treasury
`` CIP-Number: 89 title: Unwind of the Balancer tokenswap and repurchase of COW held by Balancer DAO author: Notsoformal status: Active created: 2026-09-21 Note: an equivalent proposal has been posted on the Balancer forum `` ## Simple Summary This CIP proposes that CoW DAO terminate the arrangement entered into under CIP-69 with Balancer DAO: waiving the two-year hold period on 631,850.824075 COW and returning the 200,000 BAL received by Balancer DAO. The repurchase of Balancer DAO’s COW...
