StakeWise approves recovered-funds distribution after Balancer V2 exploit

What happened

StakeWise governance approved initiating a claim distribution of recovered osETH and osGNO to liquidity providers in Balancer V2 pools affected by the exploit.

What changed

The vote authorized a Merkle Distributor process through the StakeWise interface for eligible affected wallets to claim recovered assets.

What did not change

The governance record does not prove that the Merkle root or distributor was deployed, that claims opened or completed, that all losses were recovered, or that osETH backing or StakeWise vault-staker balances were impaired.

Confirmed

• The Snapshot vote closed on 2025-12-10 with approximately 4.91 million SWISE Yes votes and zero No votes.
• The approved proposal concerns LPs in the osETH-ETH and osGNO-GNO Balancer V2 pools.
• The approved distribution method was a Merkle Distributor with claims exposed through the StakeWise interface.
• The proposal states that allocation figures were based on LP ownership information supplied by the Balancer team.

Still open

• The exact osETH and osGNO allocation amounts are not included in the candidate governance record.
• The Merkle root, distributor contract, funding transaction, claim-opening date, and completed claim totals are not established by this record.
• The amount remaining unrecovered after the Balancer V2 exploit is not established by this record.
• Whether any affected Ketju client position held the relevant Balancer LP tokens is unresolved.

What it means for an advisor

• Record the event as Balancer V2 LP loss-recovery evidence affecting StakeWise V3 secondary-liquidity diligence.
• Verify distribution execution and claim eligibility before representing recovered assets as available to any affected wallet.
• Keep the AMM-pool loss distinct from StakeWise vault-staking risk and osETH backing unless primary evidence establishes transmission to those layers.