Whitelisting is a hot topic and it's time we make our position on it crystal clear.
We do not whitelist a whole lot of tokens and we do not feel we ought to. Below, we'll try to explain why.
Why can't you come up with a straightforward whitelisting procedure?
After weeks of brainstorming we simply came to realize that no matter how hard we try, we are unable to come up with a set of whitelisting rules that will not be easily abusable by scammers.
Community votes can be forged, minimum pool size can be secured even by grifters, market cap does not guarantee anything either, etc., etc.
For now there will be no automatic or rules-based whitelisting procedure.
So how will tokens be whitelisted?
We were forced to agree for now that whitelisting should continue being done on the case-by-case basis.
This means that we will have to rely on our own better judgment.
We do not follow a strict procedure when we discuss whitelisting. Rather we rely on our personal expertise and watch out for a slew of factors. And APR is not among them. Rather we are most likely to whitelist a project that develops the network's infrastructure and provides a service that offers value beyond just generating income.
Will it always be like that?
No. We do plan to come up with a feasible set of whitelisting criteria. And we do gather further information on the ecosystem to make better informed decisions.
We will also offer new community tools to completely mitigate this situation. Namely we will soon release a feature that will allow to create custom token lists and share them with other users, akin to how they have it on Uniswap.