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.
🌱 Growth
Total Value Locked in pies is now $22,300,000! 🚀
📰 In The News
DOUGHpamine Liquidity Rewards >1000% APY
PLAY / DOUGH LPs are still earning more than 1000% APR!
The newly launched DOUGHpamine program currently also includes DOUGH / ETH, with more pairs expected soon! Read the full announcement to understand how the program is sending this bakery to the moon!
Get involved today.
Play Market Cap Broke $2M
Our monster Ethereum gaming and NFT index broke $2M market cap!
Don’t forget to mint PLAY with 97% less gas with the community Oven.
💰 Liquidity Rewards
We are incentivising liquidity provision for our products with 150k DOUGH each week.
The DOUGHpamine program is still yielding over 1000% 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 Memes Sent Out
Congratulations to the five winners of the meme contest who each received a unique PLAY NFT.
SCALE Snapshot
A Snapshot vote is live for SCALE, an innovative new pie that would give holders exposure to a full range of Ethereum scaling solutions!
Don’t forget, all Snapshot votes are gas-free!
👏 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.