Hi @cbsense thanks for the questions. The purpose of StakerDAO is to create a community managed cross chain asset builder. In order to get there, we are working on launching a handful of projects and then will launch the governance token (STKR) that will be distributed to the community. Once STKR is live, the community will have a set of tools where they can submit ideas, vote on proposals, and fund them from the STKR treasury. I expect that to happen in the next month or so.
BLND is the first project that will be managed by STKR, but we also have wXTZ and wALGO launching in the next few weeks. So there is a much bigger picture here, and BLND is one part of it.
BLND itself is an Index token. It (should) track the value of the underlying assets (currently XTZ, ALGO, and ATOM). StakerDAO publishes a NAV (data.stakerdao.com) that shows the NAV and price per token. Currently that is $1.98 - which means that StakerDAO has locked $1.98 for every BLND in circulation.
What is missing, is a way for blnd holders to be able to exchange their BLND for the underlying value directly with StakerDAO. We do that in a small way with the monthly rewards auction, but not enough liquidity to let holders exit when they want. This is what is causing the Uniswap price to be lower than the NAV.
We have a solution for this coming. Coinlist registered holders will be able to exchange the BLND for the underlying value in USDC soon. Hopefully by the end of March. Additionally we have some new ways that holders will be able to put their BLND to work and increase yield coming soon as well, as it ties to the governance token. We will be announcing these elements soon.
I appreciate that BLND is a bit different than other projects, and I am hopeful that once the full set of products and features rolls out in the next month, you will have a clearer understanding of the value here.