How to Buy dHEDGE DAO Token (DHT) at Mesa
On September 17, dHedge, a decentralised asset management platform launched by Synthetix, announced that token DHT would be auctioned on Mesa at 18:00 on September 17. This article will introduce how to learn in NBSP; Mesa buys DHT.
Abstract
- Install MetaMask and get a USDC
- Deposit the USDC in the Mesa
- Submission of Tender
- Waiting for the auction to begin
1. Install MetaMask and obtain USDC
- Download MetaMask at:https://metamask.io/
- buy USDC
This USDC will be used later to purchase DHT. Make sure there are enough USdcs.
2. Deposit USDC in Mesa
After setting up the wallet, open the Mesa address:https://mesa.eth.link/
-Mesa is a generic trading platform based on the Gnosis protocol.
- Select "USDC" in the "Sell" page, and select "DHT" in the "receive" page.
Click "Enable", which will prompt you to make a transaction to approve the USDC transaction, pay and wait for it to confirm.
Now that you have the USDC in your Mesa wallet, click "Deposit" to sell part of the Deposit.
These USdcs will be used to create bids, so store all the USdcs you would like to buy DHT.
3. Tender submission
Double-check that you have selected the USDC on the "sell" side and the DHT on the "receive" side. When you're done, you'll see a similar interface.
- Enter the amount of USDC you want to provide.
- Enter the "price limit" for the order.
- Submit a limit order.
The limit price is the maximum price you wish to pay for DHT and indicates how aggressively you wish to bid for DHT (for example, limit price 0.6 means that you value each DHT token at 0.6 USDC or $0.60).
Note: The auction settlement mechanism will prioritize large orders over small orders at the same price, so it is best to bid high if you are adding small orders and want to ensure DHT allocation.
Mesa will not record an order if it does not generate enough expenses to cover its costs.
Although Mesa can use other tokens to participate in auctions (USDT/DHT, for example) via Ring Trades, we recommend that participants make bids only in the USDC. The reason is that these trades are conducted through DHT liquidity trading pairs on Mesa. Buying DHT by any means other than the USDC can result in slippage.
4. Wait for the auction to begin
Once subscripts, they appear in the Order list to the right of the Order Submission section. Check where your order is placed relative to all other orders by looking at the order book and waiting for the auction to begin.
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