🥧 Inside The Bakery 36: Community Call Debrief
DOUGH staking, PLAY page revamp and am update from The Sandbox pilot.
Welcome back to Inside the Bakery. Today’s newsletter will debrief you on the essential topics from last Wednesday's community call.
Treasury APR
7.3%*
*APR exclude sOHM position
DOUGH staking
🤏 Close
PieDAO would like to congratulate the community for staking 15 million DOUGH tokens! Unfortunately, we did not achieve this goal before the KPI options expired at the end of March. Still, 250 original staking participants will now share a prize of 2 million DOUGH. Not a bad way to start off April.
The numbers:
+15.4 million in DOUGH staked
+15 million veDOUGH minted
The average time lock remains at 34 months
388 voting addresses
Claim and Redeem Your KPI options here.
Other resources
Reward Distribution
Grab Your SLICE
Spring is officially here, but what can possibly make this month any better? PieDAO’s monthly SLICE distribution! On April 8th a total of ~194.6K SLICE was distributed to 251 eligible addresses.
Where are my SLICE rewards? How do I redeem my slice rewards for PLAY?
Find the guide to SLICE claiming and redemption here.
Launches
PLAY volume 2
Have you seen our revamped PLAY landing page? Well, it officially launched with the release of our latest blog “Why should you invest in the Metaverse?”. The blog is the first piece in our campaign to raise awareness around the PLAY token. Expect more content in the coming weeks, and share it with your contacts!
Treasury Farming Committee
Volatility: Name of the Game Pt. 3
March was a rollercoaster of a month. A strong ETH rally allowed the TFC to momentarily be on par with the benchmark although ultimately it ended down by 3.4%.
What about monthly distributions?
Conversations have recently sparked around the monthly distributions. On one side are those who want a minimum guaranteed payout. On the other is a group that wants to think long-term and carefully manage a sustainable treasury. What are your thoughts? Share them on the forum.
Read the full March report here.
Products
Say Goodbye to these PIEs
As part of the product refinement initiative, we are decommissioning YPIE, USD++, and BTC++.
What does decommission mean? The following activities have stopped.
Rebalancing,
LP incentives
Liquidity provisioning
Marketing
Internal listing of YPIE, USD++, and BTC++
All three products and site functions will remain available at legacy.piedao.org. Holders can use the site to redeem the PIEs for their underlying assets.
There is also a social exit option available for each token. Here's the schedule:
Quick Update: A Glimpse into the Sandbox
PieDAO recently launched a pilot project with metaverse giant The Sandbox. As part of the pilot, we manage $1 million in assets from their treasury. The agreed-upon benchmark is 7.4% in annualized alpha. To date, we are up 1.3% vs the benchmark.
Thanks for reading!👏Join the PieDAO community today.
Stay tuned for our next community call on May 11th.
Listen to the community call recording and find the presentation slides here. (Forum login required)