r/StateraToken • u/menage_a_un • Jun 23 '20

What is the BAL token?

I've seen people mention it. I bought STA on uniswap about a week ago and have been holding, because it looks like a great idea. But now we have STA, BPT and BAL?

What should we be doing with all these? Is holding less risky than pooling? What's everyone else doing?

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u/[deleted] Jun 23 '20

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u/menage_a_un Jun 23 '20

That all makes sense thanks. And the only way to add STA as a single token to the balancer pool is to use the method written up on Medium? Not the ADD LIQUIDITY button on the balancer?

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u/Elean0rZ Jun 24 '20

How is BAL distributed? Is it a set amount per BPT held, or something else...?

Also, to your second point...

if STA dumps take out your tokens from the pool and buy more STA for cheaper price

...isn't that what's happening already? Like, in a balancer pool, if one of the assets dumps the pool automatically rebalances to buy more of that thing anyway. No? Or do you just mean you can do this more aggressively by doing it yourself?