LIQUIDITY PROVIDER (LP) TOKEN - XDAO's LP TOKEN
Kambria created the series to learn more about how to implement the Kambria DAOs Model by using the XDAO app. Now go to the first understanding of
XDAO’s Liquidity Provider (LP) Token LP token is an ERC20 standard token representing a financial interest in the organization.
LP tokens are used to track individual contributions to the DAO treasury, as LP tokens held correspond proportionally to the share of liquidity in the DAO treasury.
By purchasing DAO LP tokens, you have a proportional part of the whole DAO assets:
DAO AUM / Circulating Supply of LP Tokens = Value of 1 LP Token
You can purchase DAO LP tokens via private offers or public offers
Private Offer: Opportunity to buy a certain amount of LP tokens for a certain user
Public offer: Allows an unlimited number of users to buy an unlimited number of tokens
If you want to withdraw your fund, you can burn LP tokens and get DAO assets proportional to the share
The shares in the DAO will be redistributed among the rest of the participants.
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