On behalf of the Balancer community, I’d like to propose the following additions to the token whitelist used for BAL governance distribution. 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:
I propose adding the following tokens to the existing whitelist:
The proposed changes would go into effect at 00:00 UTC on Monday, July 13.
How do we request a token to be added? I want to start a liquidity pool for $LBA and get the LBA community involved.
Why it should be added:
The token is used in their CeFi project offering 4% APY on Bitcoin and if you stake 10,000 LBA, you earn 7%. Their are like 30 currencies supported and it is a sleeping giant ($11M mkt cap with $200M in assets). Partnered with bitcoin.com, integrated into Uphold (credEarn), and much more…
i can see benefit from adding the non tokenset tokens…
but i see no benefit/utility from adding tokenset tokens at least for the Balance users/traders
it would be a great benefit for some tokenset holder though… to be able to get interest on top of their tokensets increasing in value … DOUBLE INTEREST…
You can earn interest on LBA via CredEarn but have to hold 3-6m +stake 10k LBA. If Bal/Lba pool existed, LBA holders would add liquidity.
Still waiting for an answer about getting LBA on whitelist