BlablaBlock
  • 中文
    • 概述
    • 願景
    • BlablaBlock如何運作?
      • 購買$BLA代幣為DAO國庫注入資金
      • DAO國庫跟單與獎勵
      • $BLA價格與DAO國庫價值錨定
    • 國庫委員會
      • 為什麼需要國庫委員會
      • 什麼時候會動用到國庫或代幣智能合約
      • 國庫委員如何遴選
      • 國庫委員會怎麼運行
      • 擔任國庫委員的好處
  • English
    • Overview
    • Vision
    • How BlablaBlock works?
      • Provide Fund Into DAO Treasury
      • Copy-trade & Reward
      • Pegged Token Price
    • Treasury Committee
    • Contact us
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  1. English
  2. How BlablaBlock works?

Pegged Token Price

The reason for anchoring is to directly reward DAO members (with an increase in $BLA price) when the validated managers in the DAO treasury make profits. We believe this will stabilize the development

If there is any diverge from the anchoring, the BlablaBlock team will maintain the anchoring by taking the following actions:

  1. If the $BLA price is lower than the value in the DAO treasury, the BlablaBlock team will purchase $BLA on a DEX (causing the $BLA price to rise), burn these $BLA in the smart contract, and withdraw an equivalent amount of stablecoins from the treasury (causing a decrease in TVL and unchanged value in the treasury).

  2. If the $BLA price is higher than the value in the DAO treasury, the BlablaBlock team will deposit stablecoins into the treasury, issue an equivalent amount of $BLA (causing an increase in TVL and unchanged value in the treasury), and sell these $BLA tokens on a DEX (causing the $BLA price to decrease).

For example, the market demand for $BLA is high, with a price (P) greater than the DAO treasury value (V), so we will make a market to peg P and V…

Assuming that:

  1. P = $20

  2. V = $10

  3. BlablaBlock uses $100 stablecoins for market making.

Therefore, the BlablaBlock team will:

  1. Deposit $100 stablecoins into the treasury.

  2. Mint 10 $BLA tokens in the smart contract (worth V * 10 = $100, equivalent to the value of the stablecoins deposited).

  3. Sell these $BLA tokens on the DEX.

Steps 1 and 2 will increase the DAO treasury’s TVL and maintain the value of V, while step 3 will cause P to decrease and converge with V. If P and V are still not pegged after this, these three steps will be repeated again.

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Last updated 2 years ago