# Proposal to Determine Whitelisting Status of BUSD on Bancor V3

**URL:** https://gov.bancor.network/t/proposal-to-determine-whitelisting-status-of-busd-on-bancor-v3/3679
**Category:** DAO Archive (SUBMITTED)
**Created:** [June 15, 2022, 9:09am UTC](https://gov.bancor.network/t/proposal-to-determine-whitelisting-status-of-busd-on-bancor-v3/3679 "2022-06-15T09:09:49Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)
#### Post date: [June 15, 2022, 9:09am UTC](https://gov.bancor.network/t/proposal-to-determine-whitelisting-status-of-busd-on-bancor-v3/3679/1 "2022-06-15T09:09:49Z")

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This proposal is expected to appear on Snapshot for voting on June 19, 2022 (Lisbon) . Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision. To pass, this proposal needs a quorum of 35% and 66.7% FOR votes.

TL;DR

- [BIP17](https://snapshot.org/#/bancornetwork.eth/proposal/0xb4dbbc5edb107d03bc43ebc23f37e996a3a04cb85ae6de2fbfe4860281e3987f) allowed for the migration of all active V2.1 pools to V3
- The DAO’s whitelisting requirements are [here](https://docs.bancor.network/about-bancor-network/token-whitelisting-requirements)
- There are certain cases in which tokens were whitelisted before these requirements were in place.
- This proposal is for the DAO to vote specifically on some of these pools where the token contract may add significant risk.
- NOTE: These exceptions are only possible for tokens that were whitelisted in V2.1.
- Other tokens that were not whitelisted on V2.1 have no such exemptions as they were not live on Bancor before the whitelisting requirements were in place.

Summary:

- As outlined in the recent [blog post](https://blog.bancor.network/100-tokens-go-live-on-bancor-3-e2a4e0f19c46) there are 9 tokens that will be each brought up specifically for the DAO to vote on a white listing in V3.
- This proposal is for BUSD
- BUSD’s token contract allows for the burning of BUSD in any account, including the token vault contract on Bancor V3.
- Link to contract: [Binance USD | Address 0x4fabb145d64652a948d72533023f6e7a623c7c53 | Etherscan](https://etherscan.io/address/0x4fabb145d64652a948d72533023f6e7a623c7c53)

Voting Instructions:

To whitelist BUSD on Bancor V3, vote FOR this proposal

To do nothing, vote AGAINST this proposal