🥧Inside the Bakery 27: KPI Options, PieDAO NFTs and an eDOUGH to veDOUGH bridge
Check out open votes, what are DOUGH KPI Options?, and an eDOUGH to veDOUGH bridge.
Welcome back to Inside the Bakery. Today’s newsletter will explain DOUGH KPI options and the latest proposals to pass voting.
Treasury APR
16%*
*APR exclude sOHM position
Voting
🗳️ On the ballot
List of votes currently on snapshot (No gas required)
DOUGH staking
We Have Options
Great news chefs, if you staked DOUGH during October you are now eligible to claim DOUGH KPI options. Remember, these options expire at the end of March 2022. We know gas is expensive so you don't have to claim them at this exact moment! You have until the expiration date to claim your options.
What are KPI options?
Key Performance Indicator (KPI) options are synthetic tokens that will pay out more rewards if a project’s KPI reaches predetermined targets before a given expiry date. Every KPI option holder has an incentive to improve that KPI because their option will be worth more. This is intended to align individual token holder interests with the collective interests of the protocol.
Bottom-line: DOUGH KPI options is money on the table. Currently there is a little over 11 million DOUGH staked. If the community works manages to stake 4 million DOUGH by March 2022 early stakers get the max prize! So spread the word long and wide and get the crypto community to stake some DOUGH 🚀
Want to know more about KPI Options? Find all the information here.
#FullTimeTokenHolder NFTs
Are you thinking of staking your DOUGH but need a little push? Five Full Time Token Holder NFTs will be raffled off in December. To be eligible make sure to stake your DOUGH by November 30th. Only 30 were ever minted so make sure to stake your DOUGH for a chance to get your hands on this OG PieDAO memorabilia.
Ok, I still need to stake
Other resources
How much rewards should I expect? Try our staking rewards simulator here
How-to use the staking reward simulator blog post here
Governance
Passed Votes
Here’s a look at the latest governance votes which have passed.
[PIP-66]: This proposal removes the crKP3R token from our YPIE token. The removal is due to the hacking of Cream Finance last month.
[PIP-67]: A proposal to bridge eDOUGH to veDOUGH has recently passed. Here are the details.
eDOUGH which has vested for 6+ months can be swapped to veDOUGH.
Swap eDOUGH to veDOUGH with a time-lock of three years.
Unclaimed rewards can be claimed as veDOUGH with a six month time-lock.
Impression Mining
Share your PieDAO Story
Help the PieDAO brand grow by producing engaging content on social media platforms! Full time token holder, part-time pastry chef, and long ETHbull, there is no better ambassador for our project than you! What's the best part? You can get paid for your contributions.
Take a look at our impression mining program and get started today.
Community Contribution Initiative
Bounties Available
Background: The CCI helps coordinate community member contributions to the DAO via bounties.
Do you want to work in a DAO? Well, here's your chance- check out our open bounties and claim yours today! See the bounty board here.
Events
PieDAO around the Web
Anistasiya Belyaeva, Head of Growth at PieDAO makes an appearance on the CryptoCoinShow. Topics discussed are PieDAO's DeFi Solutions and the release of the staking platform.