---
title: DAO Governance Daily - 2026-09-28
date: 2026-09-28
source: governance daily digest cron (job 616c8d3a6eb9) fallback: DAO Governance Terminal
editorial-status: facts only, no ratings commentary
---

# DAO Governance Daily - 2026-09-28

**Takeaway:** Balancer's winddown-and-fork pair goes live with ~17% of supply voting with a day left, Lido's buyback restructuring closes this afternoon at 23,000:1 Against, and SafeDAO's Safenet funding vote is open.

- **Balancer faces its fork-or-winddown choice.** Two competing ballots close in roughly a day: [BIP-928, Orderly Winddown of Balancer and Distribution of the Treasury](https://snapshot.org/#/balancer.eth/proposal/0xeae4f8bab6f2fbfe22cfeae51ec336ef238c82e6e0017ee511ee67995235d53d) (21 votes, 12.2M BAL, 16.9% of supply) and [BIP-929, Fork and Reincarnate](https://snapshot.org/#/balancer.eth/proposal/0x25ee897681ae8bbae5ae224b14ad6a03ea6920f768d52b2e9aa1a85b7eec0590) (22 votes, 12.0M BAL, 16.6%). The top three voters appear on both ballots — Belbix (2.8M BAL) backs winddown (choice 2 on BIP-928, choice 1 on BIP-929) while veballer.eth (1.9-2.4M) leans fork.

- **Lido's expense and NEST/stETH buyback restructuring closes today at 13:39 UTC.** The tally has hardened to **28,846,524 LDO Against vs 1,254 For** of 28.85M cast (2.9% of supply) — roughly 23,000:1, with the For column worth $483. All five largest ballots (8.1M, 7.4M, 3.4M, 3.2M, 2.0M) are Against. [Proposal](https://snapshot.org/#/lido-snapshot.eth/proposal/0x517a6972a1b5ac20b4237b83a794f1ec4230ebe2cd35c293d6c03dafee40980f)

- **SafeDAO's [SEP 56, Fund Safenet Aegis](https://snapshot.org/#/safe.eth/proposal/0x9d226d025170ec4c56adc53dd77dda851da75c712757122c70dea965003278c4) is live** — opened 08:20 UTC for a 12-day run (Accept / Abstain / Make No Changes). Early state: 15 votes, 503.8K SAFE (0.05% of supply), all leading ballots Accept. It continues the Safenet funding line SEP 55 opened after SEP 54's spending pause.

- **Decentraland holds four live operational votes**, all low-turnout: whether the DAO X account should "do the bare minimum" (9 votes, 2.8M MANA, 15h left), an immediate freeze of all Decentraland names (8 votes), a names contract migration and recovery plan (6 votes), and a request for X posting rights (4 votes). The names-freeze and migration proposals touch the same contract dispute; the rest of the 32-DAO field is quiet.

Uniswap's two votes (fee expansion, sentinel rotation) closed September 27 as previously reported — both passed with zero meaningful opposition.