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Provide Fund Into DAO Treasury
Users can purchase $BLA tokens through two methods: buying from the BlablaBlock team or DEX.
- 1.Buying from the BlablaBlock team: This is usually done when users want to buy a larger amount of $BLA. Since there are more price slippages on DEX, scheduling a purchase with the team can reduce the slippage. After users deposit stablecoins into the DAO treasury, the BlablaBlock team will mint an equivalent amount of $BLA through a smart contract and give it to the user. As a result, the DAO’s TVL increases while the value of $BLA remains unchanged.
- 2.Buying from DEX: This is usually done when users want to buy a smaller amount of $BLA. Since trades can be made on DEX at any time, many users choose to buy $BLA at a low point on the exchange. After users purchase $BLA with stablecoins on the DEX, the BlablaBlock team will use market-making mechanisms (which also anchor the price of $BLA to the value of the DAO treasury) to transfer the stablecoins into the treasury and issue an equivalent amount of $BLA. As a result, the DAO’s TVL increases while the value of $BLA remains unchanged.
Process of buying $BLA from DEX
Regardless of which method is used to purchase $BLA, the stablecoins paid will ultimately be placed in the DAO treasury and the value of $BLA will remain unchanged.
Last modified 8mo ago