Inside The Bakery 11: DOUGHpamine
PieDAO Turn Up The Heat
Welcome to Inside The Bakery
This newsletter aggregates the latest updates from everyone’s favorite bakery, PieDAO.
PieDAO is a growing community governing tokenised portfolio allocations, pushing the boundaries of what can be achieved with ETFs.
Our ambition is to become Bridgewater Associates on steroids, powered by an army of highly incentivised and talented community members instead of a handful of investment analysts. With PieDAO anyone, anywhere, can get access to tokenised asset allocations (PIEs) - no matter their budget.
If you haven't followed our progress yet, the concept is simple:
📌 Holding $DOUGH makes you a member of PieDAO giving the right to participate in governance; decide on the composition and weight of individual PIEs; and to be rewarded for your contribution with a share of fees generated through the protocol.
📌 Anyone with an internet connection can buy PIEs (including gas-free through our Oven) and benefit from exposure to a carefully curated, diversified selection of tokenised assets
📌 Our latest product range, PieVaults push the possibilities even further, maximising returns and minimising risk. PieVaults employ multiple active strategies such as staking, lending, and yield-farming, using a unique strategy for each individual asset within the PIE. PieVaults also unlock meta-governance of underlying assets, with the DOUGH token becoming a voting passport across the DEFI ecosystem.
📰 In The News
DOUGHpamine Liquidity Rewards Live
The hotly anticipated DOUGHpamine program has kicked off with PLAY / DOUGH and DOUGH / ETH LP rewards on Sushiswap.
LPs have been earning as high as 2500% APR, so get involved today!
The best part? The new program actually means less DOUGH issuance long-term, benefiting all DAO members!
💰 Liquidity Rewards
We are incentivising liquidity provision for our products with 150k DOUGH each week.
The DOUGHpamine program is now live on Sushiswap, with over 2800% APR!!
Head over to the PieDAO Bakery to get involved, or read our DEFI+L staking guide to understand how to get LP tokens and stake those at PieDAO.
Here’s the APR available for Balancer farms today:
📊 Pie Performance
Pies On the Rise! 🎉
Remember, all pies started at $1!
Pies are fully-backed by the assets they represent, with pie growth directly representing the growth of the underlying tokens.
You can buy or mint PLAY, BCP, YPIE, DEFI+L, DEFI+S, and DEFI++ through the PieDAO website.
❤️ In The Community
🗳️ PLAY Meme Contest Winners
Congratulations to the five winners of the meme contest, who will each receive a unique PLAY NFT.
👏 That’s all for this week!
Thank you for being part of the PieDAO community! Don’t forget to subscribe to get the latest news, pie updates and staking APR direct to your inbox weekly.
You can get hold of PLAY, BCP, YPIE, and DEFI++ gas-free with the community Oven.