On behalf of the Balancer community, I’d like to propose the following modifications to the token whitelist used for BAL governance token distribution. All new tokens will be placed at cap1 ($1M) as described in the updated whitelist proposal. At any time, community members may propose on the forum to increase a token’s cap to the next tier.
As a reminder, these whitelist proposals are pre-approved on objective technical criteria, so they are not subject to community vote. To suggest a token for inclusion in one of these proposals, please use the #token-requests channel in the Balancer Discord. Requested tokens will be vetted in a single batch each Friday, to take effect the following Monday. The official instructions and listing criteria can be found here.
For reference, the active whitelist can be found here. Note that the additions suggested within this proposal are unlikely to appear on the official list until a few days after publication. Also see the original motivation for creating the whitelist.
Proposed Modifications
I would like to propose adding the following new tokens to the whitelist:
ADD FRY 0x6c972b70c533E2E045F333Ee28b9fFb8D717bE69
ADD GYSR 0xbEa98c05eEAe2f3bC8c3565Db7551Eb738c8CCAb
ADD KIT 0x7866E48C74CbFB8183cd1a929cd9b95a7a5CB4F4
ADD ORBS 0xff56Cc6b1E6dEd347aA0B7676C85AB0B3D08B0FA
ADD SOUL 0x79C75E2e8720B39e258F41c37cC4f309E0b0fF80
ADD wCELO 0xE452E6Ea2dDeB012e20dB73bf5d3863A3Ac8d77a
The proposed changes will go into effect at 00:00 UTC on Monday, January 25. Pools containing newly whitelisted tokens will begin to accrue BAL beginning at 00:00 UTC on Monday; but they may not appear on the Balancer pools UI with symbol/logo until a few days later. Furthermore, whitelisted tokens will not be added to the Balancer exchange UI; the core team adds tokens to the official exchange UI at their own discretion and considers a variety of factors. Tokens can always be traded using contract addresses in place of symbols, and anyone is free to fork the open source exchange UI to add more symbols.
Resulting Soft/Hard Pegs
The following price pegs will be added to the BAL mining scripts in response to the whitelist changes. At time of writing, soft pegs receive a wrapFactor of 0.2 and hard pegs receive a wrapFactor of 0.1. For reference, please see the wrapFactor proposal.
There are no new price pegs introduced this week.
Omissions
Some requested tokens were omitted this week.
The following token lacks a price feed via the CoinGecko API, which is a violation of Whitelist Criterion #7: The token must have a price feed accessible via CoinGecko’s API. This is instrumental to calculating a pool’s eligibility for BAL mining. Because the contract has been vetted and deemed safe for use within Balancer, it will be added to the UI only and reevaluated for liquidity mining eligibility once the price feed is established.
OMIT DFST 0x46bFA3Bb807B5c3b3Ce7F7e0E667397020B6dc15 No price feed