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 at the end of each week. 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 IDLE 0x875773784Af8135eA0ef43b5a374AaD105c5D39e
ADD OPEN 0x69e8b9528CABDA89fe846C67675B5D73d463a916
ADD RARE 0x93dfaf57D986B9cA77Df9376c50878E013D9c7C8
ADD SEED 0x30cF203b48edaA42c3B4918E955fED26Cd012A3F
ADD UST 0xa47c8bf37f92aBed4A126BDA807A7b7498661acD
The proposed changes will go into effect at 00:00 UTC on Monday, January 4. Pools containing newly 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. For reference, please see the wrapFactor proposal.
SOFT UST <-> USD group
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 rewards.
NO PRICE FEED wLOKI 0x5ff668ddfDcBB7505f41ED56e626E4D4719DcB26