š„§Inside the Bakery 22: DOUGH Staking Is Here
PieDAO's newsletter with updates on DOUGH staking: Why staking, when it starts, and how to be a part of it. #FullTimeTokenHolder
Yes, summer is over but we're about to fire up the grill. Today is a special edition on everything DOUGH staking. The soon to launch feature will go-live on Monday, October 4th. Yes, this Monday DOUGH staking goes live! So stack up on DOUGH, but only if you want to get paid for governance participation. Uh wee, I can hear the sizzle already.
We asked some PieDAO contributors why theyāre excited for staking, hereās what they said:
"Staking will be the foundation of the DAO-driven future of work, where anyone, anywhere in the world can receive income for governing a community, instead of selling their time for salary." - Anastasiya B.
āExcited to witness the first step of a new model that will reshape how we conceive DAO governance.ā - Adrian A.
āI'm looking forward to the extra cash, but most importantly I like that weāre pushing the governance boundaries for DAOs. Innovation is happening before our eyes.ā - Benjamin B.
Quit that job. Get paid for governing PieDAO
Background: DAO profits should go to community members who are moving PieDAO forward at every step of the way. To those who put in the effort to understand the challenges of our community. To members who shape their vision of our project's future by voting. To those who are long DOUGH, governance mining is for you.
Staking at a glance
Governance mining means revenues are shared with DOUGH stakers active in PieDAO governance.Ā
Staking participants can choose to stake DOUGH anywhere from 6 to 36 months. Once staked participants will receive a new token: veDOUGH.
veDOUGH holders who vote at least once per month will receive cash flow via rewards. These rewards include treasury farming yield, protocol fees and other farmed tokens.
Remember, the value of long-term capital is higher than that of short-term capital. More DOUGH staked for a longer period means more voting power and higher rewards.
Only veDOUGH holders have voting power. No more free-riding or swaying votes for short-term gain. Staking means true long-term alignment for PieDAO.
$610K in the first 30 days (Using spot prices of Sep. 29, 2021)
Yes, you read that right.Ā We will distribute $610K among staking participants during the first month. Stake that DOUGH to stack āļø dough while it's still warm.
Iām in! How do I stake?
Glad you asked!Ā We've broken it down to a few simple steps.Ā
Go to the DOUGH Staking page (Staking goes live on Monday, Oct. 4th)
Connect your wallet and add veDOUGH to Metamask
Select the amount of DOUGH to Stake
Select the time period (in months)
Click on 'Stake DOUGH'
If you run into any issues please reach out to us on the PieDAO Discord channel here.
Where can I learn more?Ā Ā
Check out our user guide here!
Join the PieDAO live Q&A on Monday October 4th, 4PM UTC on our Discordās meeting channel.
Try our staking simulator here.
Hashtag #FullTimeTokenHolder
Feeling excited about PieDAO staking? Share the alpha with your friends on twitter. Need some inspo?Ā
Prepare-se para a festa (Get ready to party)
Finally, join usĀ as we celebrate the launch of PieDAO staking at our #FullTimeTokenHolder party in Lisbon!Ā
When: 20:00-02:00 on 21st OctoberĀ
Where: The Flat, CalƧada Ribeiro Santos 37 1Āŗ andar, 1200-769 Lisboa
RSVP: Here