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 largely noncontentious, so they are not subject to community vote. Instead, the community has 24 hours to review the proposal and voice concern; otherwise, it automatically passes. 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:
First, I propose to remove the following tokens from the existing whitelist.
LEV: A previously undiscovered issue was found in the contract’s approve() function which results in an inability to sell the token on Balancer. Liquidity addition for this token will be paused, and liquidity removal will continue to operate as usual. No user funds are at risk; this liquidity is simply not usable for token swaps. It is recommended to remove it and make better use of those funds elsewhere.
REMOVE LEV 0x0F4CA92660Efad97a9a70CB0fe969c755439772C
PRO: This week, the community expressed displeasure at the continued reward distribution to this particular token, which appears to be generating near-zero trade volume on Balancer in a 0.0001% fee pool with over $2M in liquidity. This pool is not contributing value to the protocol and is being unfairly rewarded, thus punishing other Balancer LPs.
REMOVE PRO 0x9041Fe5B3FDEA0f5e4afDC17e75180738D877A01
Finally, I propose to add the following new tokens to the existing whitelist:
ADD ALEPH 0xC0134b5B924c2FCA106eFB33C45446c466FBe03e ADD ARPA 0xBA50933C268F567BDC86E1aC131BE072C6B0b71a ADD ARTE 0x44b6e3e85561ce054aB13Affa0773358D795D36D ADD CARD 0x954b890704693af242613edEf1B603825afcD708 ADD CUR 0x13339fD07934CD674269726EdF3B5ccEE9DD93de ADD KAI 0xBD6467a31899590474cE1e84F70594c53D628e46 ADD NEC 0xCc80C051057B774cD75067Dc48f8987C4Eb97A5e ADD uDOO 0x12f649A9E821F90BB143089a6e56846945892ffB
The proposed changes would go into effect at 00:00 UTC on Monday, August 3.