Can I buy the BST token on Balanced DEX?
Last updated
Last updated
It is not advisable to buy the BST token on Balanced DEX.
BST Tokens are best minted on the Blobble Finance page.
BST tokens are backed by bnUSD and minted/redeemed on the Blobble Finance page. The price of BST is determined by the underlying bnUSD that is backing it, read more about BST price action here.
If you attempt to sell or buy BST tokens on Balanced, you will be dealing with a community-created pool. As a result, the price may not accurately reflect the redeem value offered on the finance page. Therefore, we suggest users against buying or selling on balanced, unless we release an official announcement saying otherwise.
You will always get the most accurate price for BST from the Blobble Finance page.