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 weekend, 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 token(s) to the whitelist:
ADD VUSD 0x677ddbd918637E5F2c79e164D402454dE7dA8619
The proposed changes will go into effect at 00:00 UTC on Monday, June 14. 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 VUSD <-> USD group
Omissions
No requested tokens were omitted this week.