🥧Inside the Bakery 28: Bridging eDOUGH and the TFC's First 100 Days
Read about the new eDOUGH to veDOUGH bridge, updates from the treasury farming committee, and PieDAO NFTs
Welcome back to Inside the Bakery. It’s here, the long awaited eDOUGH to veDOUGH bridge is live! eDOUGH has been a hot topic ever since DOUGH staking went live. And after many in depth discussion you can finally stake DOUGH and start earning rewards😉.
Treasury APR
16%*
*APR exclude sOHM position
Voting
🗳️ On the ballot
List of votes currently on snapshot (No gas required)
Implementations
Building Bridges
Attention chefs, right on time for the holiday season: the eDOUGH to veDOUGH bridge is now live!. Our first experiment in fostering a long term focused community is getting some love. All eDOUGH which meet the six month vesting requirement can be bridged to veDOUGH. And by bridged we mean staked, for 36 months. This means that forgotten eDOUGH can start earning you some rewards. Interested in making this happen? Check out our eDOUGH to veDOUGH bridge walkthrough here.
DOUGH Staking
#FullTimeTokenHolder NFTs
You still have time to win a chance at our Full Time Token Holder NFTs. They 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 reward should I expect? Try our staking rewards simulator here
How-to use the staking reward simulator blog post here
Treasury Farming Committee
The First 100 Days
The TFC celebrated 100 days since its creation by releasing an analysis and recap of its YTD performance. The TFC then poised two questions to the PieDAO community:
Should the treasury seek to outperform ETH or a less volatile benchmark?
Should the treasury set a minimum distribution from treasury farming?
Both votes were extremely close but in the end the community decided that:
The benchmark will consist of a less volatile allocation (by including some stables).
The TFC must establish a minimum distribution even in times of negative alpha to stabilize veDOUGH rewards.
What do you think chefs? Come share your thoughts in our forum. Remember, the treasury’s money is your money!
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.