🥧 Inside The Bakery 33: Community Call Debrief
Roadmap, market volatility, and a new governance process.
Welcome back to Inside the Bakery. Today’s newsletter will debrief you on the essential topics from last Thursday’s community call.
Treasury APR
6.4%*
*APR exclude sOHM position
DOUGH staking
Reminder: 2 milli in 2 months
A reminder that the community needs to stake 1.6 million more tokens to unlock the max KPI options reward. So close fam do what you have to do, and spread the word about PieDAO staking!
The numbers:
+13.4 million in DOUGH staked
+13 million veDOUGH minted
The average time lock remains at 34 months
353 voting addresses
Reward Distribution
Grab Your SLICE
Markets might still be volatile but you can count on PieDAO to have your monthly SLICE! This month a total of 146K SLICE was distributed on February 7th to 190 eligible addresses.
The numbers:
146K in SLICE rewards distributed to 190 eligible addresses
~54% governance participation rate
SLICE could be redeemed for PLAY
Where are my SLICE rewards? How do I redeem my slice rewards for PLAY?
Find the guide to SLICE claiming and redemption here.
Roadmap
A Look Ahead
2022 is in full swing! Do you know what is on the top of our to-do list? On the call, the core team highlighted the short and mid-term priorities at PieDAO. Exciting times are ahead.
Want to learn more? Check out the forum threads.
Stay up to date with Layer Two information here (Discord). The team is also currently recruiting, take a look at the available roles here.
📣 Update- Our Governance model has been updated! Get familiar with the new process here.
Treasury Farming Committee
Volatility: Name of the Game
January was the second month in a row in which the TFC underperformed. It is also the first time since its inception that it is below the benchmark. As mentioned on the last call this was due to holding a leveraged long position in Eth. Don't panic! Although the volatility has affected performance the treasury is well-positioned for recovery.
TFC shifted into a defensive posture
Added more collateral to avoid liquidations
Maintained positions that will benefit from an eventual recovery
Max Pain model to become central to TFC strategy going forward
Will be aggressive at the next sell signal
Read the full January report here.
Community Contribution Initiative
Casting Call for Content Creators
Background: The CCI helps coordinate community member contributions to the DAO via bounties.
Do you have experience in content and video creation? The DAO is looking for contributors to launch video projects on PieDAO topics. If interested reach out to @50_Shades_of_Gwei via the #content channel on Discord.
January 2022 highlights:
2 bounties completed
7 bounties claimed
Do you want to work in a DAO? Well, here's your chance- check out our open bounties and claim yours today! See the bounty board here.
Thanks for reading!👏Join the PieDAO community today.
Stay tuned for our next community call on March 10th.
Listen to the community call recording and find the presentation slides here. (Forum login required)