The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim.

The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to the Balancer DAO Multisig between Sept. 8 and Sept. 16 from the main greyhat, three anonymous whitehats and block builder Ultrasound.money.

The 296.401711 ETH is the amount the proposal records as returned, not a promise of full reimbursement. The attack loss is expressed in dollars at historical prices while the recovery pool is denominated in ETH, and the proposal does not state a recovery percentage.

Under the plan, Balancer would first allocate recovered ETH to each pool according to that pool’s share of the total dollar loss at the time of the attack. It would then divide each pool’s allocation among liquidity providers based on their pool-token holdings at Ethereum block 25,872,248.

That block immediately preceded the first exploit transaction at block 25,872,249. Using one pre-attack snapshot would cover all 120 pools, including those later targeted by copycat activity.

The formula determines the relative weighting of claims, but the Sept. 18 post does not include the per-pool allocation table, holder lists or per-address amounts. Until those files are published, an individual LP cannot calculate an exact ETH payout.

Receiving the proposed payment would also carry a legal condition. Claimants would have to provide digital consent releasing Balancer Labs, Balancer DAO, Balancer Foundation, affiliated parties and service providers from liabilities related to the incident. Payments would be made in ETH, while contract and multisig claims would be handled case by case.

As of Sept. 20, the Sept. 18 forum post remained labeled BIP-XXX and contained no Snapshot vote link. It says claim data would be published and a claim mechanism deployed only if the proposal passes, leaving the V1 claim window unopened and without announced start or end dates.