On behalf of the Balancer community, I’d like to propose the following modifications to the token whitelist used for BAL governance distribution. As a reminder, these whitelist proposals are now pre-approved on objective technical criteria only, so they are not subject to community vote. All new tokens will be placed at cap1 for liquidity mining, meaning each token’s measured BAL-eligible liquidity is scaled to a maximum of $1M (at time of writing). At any time, community members may propose to increase a token’s cap to the next tier. For reference, please see the previous proposals which detail the motivation for creation of the whitelist and define the list of tokens used to date. Links are included at the end of this post.
Proposed Modifications
I would like to propose adding the following new tokens to the whitelist:
ADD ABYSS 0x0E8d6b471e332F140e7d9dbB99E5E3822F728DA6
ADD ALBT 0x00a8b738E453fFd858a7edf03bcCfe20412f0Eb0
ADD AUDIO 0x18aAA7115705e8be94bfFEBDE57Af9BFc265B998
ADD COIN 0x87b008E57F640D94Ee44Fd893F0323AF933F9195
ADD FNX 0xeF9Cd7882c067686691B6fF49e650b43AFBBCC6B
ADD FWB 0x7d91e637589EC3Bb54D8213a9e92Dc6E8D12da91
ADD JAMM 0x56687cf29Ac9751Ce2a4E764680B6aD7E668942e
ADD SOCKS 0x23B608675a2B2fB1890d3ABBd85c5775c51691d5
ADD WOO 0x4691937a7508860F876c9c0a2a617E7d9E945D4B
The proposed changes will go into effect at 00:00 UTC on Monday, November 16. Pools containing whitelisted tokens will begin to accrue BAL rewards beginning at 00:00 UTC on Monday; but they may not appear on the Balancer pools UI with symbol/logo until a bit later in the week, most likely Tuesday or Wednesday. Please be patient. 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.
There are no new price pegs introduced this week.
Omissions
Some requested tokens were omitted this week.
The following tokens have possible rebasing mechanisms. It looks like OUSD at least has a non-rebasing option which is automatic for smart contracts, but I would need to know more about this mechanism as rebasing is dangerous for Balancer pools. I will be reaching out to the teams to gather more information. For now, these violate Whitelist Criterion #5: The token must not be vulnerable to the so-called "gulp() attack," which is exposed when a pool’s token balance changes unbeknownst to the pool. For now, known cases include tokens that charge a transfer fee and tokens that periodically rebase.
PENDING: REBASE? OUSD 0x2A8e1E676Ec238d8A992307B495b45B3fEAa5e86
PENDING: REBASE? VLO 0x98ad9B32dD10f8D8486927D846D4Df8BAf39Abe2
The following token lacks a price feed through the CoinGecko API, which violates 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 rewards.
NO PRICE FEED WZEC 0x4A64515E5E1d1073e83f30cB97BEd20400b66E10
Reference: Prior Proposals
https://forum.balancer.fi/t/proposing-the-token-whitelist-for-bal-distribution
https://forum.balancer.fi/t/bal-whitelist-round-2
https://forum.balancer.fi/t/bal-whitelist-round-3
https://forum.balancer.fi/t/bal-whitelist-round-4
https://forum.balancer.fi/t/bal-whitelist-round-5
https://forum.balancer.fi/t/bal-whitelist-round-6
https://forum.balancer.fi/t/bal-whitelist-round-7
https://forum.balancer.fi/t/bal-whitelist-round-8
https://forum.balancer.fi/t/proposal-to-update-the-whitelist-process
https://forum.balancer.fi/t/bal-whitelist-round-9
https://forum.balancer.fi/t/bal-whitelist-round-10
https://forum.balancer.fi/t/bal-whitelist-round-11
https://forum.balancer.fi/t/bal-whitelist-round-12
https://forum.balancer.fi/t/bal-whitelist-round-13
https://forum.balancer.fi/t/bal-whitelist-round-14
https://forum.balancer.fi/t/bal-whitelist-round-15
https://forum.balancer.fi/t/bal-whitelist-round-16
https://forum.balancer.fi/t/bal-whitelist-round-17
https://forum.balancer.fi/t/bal-whitelist-round-18
https://forum.balancer.fi/t/bal-whitelist-round-19
https://forum.balancer.fi/t/bal-whitelist-round-20
thank you