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 apeUSD-AAVE 0xEC6a5D88bF56Fd3F96957AE65916C69F29DB35c5
ADD apeUSD-LINK 0x0f775aD69e3c93D599D3315A130Bd82A0cDda397
ADD apeUSD-SNX 0x5C6Af72cBd740b90528C8Fe226125413b6bd7E5A
ADD apeUSD-UMA 0xfA5e27893aee4805283D86e4283Da64F8c72dd56
ADD apeUSD-UNI 0xFbB6B34DD77274a06EA2E5462a5e0B9E23ce478e
ADD ETH2x-FLI 0xAa6E8127831c9DE45ae56bB1b0d4D4Da6e5665BD
ADD GSWAP 0xaac41EC512808d64625576EDdd580e7Ea40ef8B2
ADD pxGOLD_MAR2022 0x5247C0DB4044FB6F97f32C7E1B48758019A5A912
ADD SHROOM 0xEd0439EACf4c4965AE4613D77a5C2Efe10e5f183
The proposed changes will go into effect at 00:00 UTC on Monday, March 22. 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.
SOFT apeUSD-AAVE <-> USD group
SOFT apeUSD-LINK <-> USD group
SOFT apeUSD-SNX <-> USD group
SOFT apeUSD-UMA <-> USD group
SOFT apeUSD-UNI <-> USD group
SOFT pxGOLD_MAR2022 <-> gold group
Omissions
Some requested tokens were omitted this week.
The following token lacks a price feed via the CoinGecko API, which means it can be listed on the UI but is not yet eligible for liquidity mining due to violation of Whitelist Criterion #7: The token must have a price feed accessible via CoinGecko’s API, e.g. this example link for WETH. This is instrumental to calculating a pool’s eligibility for BAL rewards. If a token meets all of the remaining criteria but not this criterion, it can be added to the UI whitelist and reconsidered for the mining whitelist once the price feed becomes available.
OMIT EWTB 0x178c820f862B14f316509ec36b13123DA19A6054 No price feed