🥧 Inside The Bakery 35: Community Call Debrief
DOUGH KPI options, payday is here plus updates from the community
Welcome back to Inside the Bakery. Today’s newsletter will debrief you on the essential topics from last Thursday’s community call.
Treasury APR
5.7%*
*APR exclude sOHM position
Voting
🗳️ On the ballot
List of votes currently on snapshot (No gas required)
None
DOUGH staking
It’s Crunch Time
In order to unlock the max KPI options reward the community needs to stake a little under 1.3 million DOUGH by the end of March. Will we make it? Don’t forget to spread the word about PieDAO DOUGH staking!
The numbers:
+13.7 million in DOUGH staked
+13.3 million veDOUGH minted
The average time lock remains at 34 months
374 voting addresses
Why should I stake?
As long as you vote every month DAO revenue is shared with you
You have the power. Only veDOUGH holders have voting power. Staking means true long-term alignment for PieDAO
More DOUGH staked for a longer time means more voting power for you
Ok, I'm ready to stake
Other resources
How many rewards should I expect? Try our staking rewards simulator here
How-to use the staking reward simulator blog post here
Reward Distribution
Grab Your SLICE
It’s been quite a month since our last community call and volatility is at an all-time high. Luckily PieDAO’s monthly SLICE distribution is not going anywhere! On March 8th a total of ~202K SLICE was distributed to 236 eligible addresses.
The numbers:
202K in SLICE rewards distributed to 236 eligible addresses
~65% governance participation rate (Amazing!)
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
Nobody Wants to Work Nowadays
Yeah, about that… PieDAO is running at full steam! Just look at what the core team shipped in the first 3 months of 2022:
Multi-Chain Yield Vaults (Available to veDOUGH holders. Not yet audited, use at your own risk!)
A New PLAY Landing Page
A New Governance Framework (Plus a new Discord mod- Welcome Snook!)
Refocus of Product Strategy (Bye-bye YPIE and USD )
And this is just the beginning. Stay tuned for what’s coming next!
Treasury Farming Committee
Volatility: Name of the Game Pt. 2
February was as volatile as January but there are silver linings. The TFC managed to beat the benchmark by 2.3% even though it's still down since its inception. The primary trade indicator's performance has given the team increased confidence. Although the TFC cautioned that it's necessary to develop secondary indicators so as to not over-rely on the primary one.
Read the full February report here.
Thanks for reading!👏Join the PieDAO community today.
Stay tuned for our next community call on April 6th.
Listen to the community call recording and find the presentation slides here. (Forum login required)