🥧Inside the Bakery 30: Wrapping up 2021
A recap of PieDAO's 2021, the latest passed votes, and potential acquisition.
Welcome back to Inside the Bakery. Today’s newsletter is a short one. It will recap some of the last remaining topics of 2021. We want to thank all the chefs who made this year a success. You can find a recap of PieDAO’s 2021 here.
Rest up, 2022 is going to be as exciting, if not more so than 2021. Happy new year chefs!
Treasury APR
11%*
*APR exclude sOHM position
Passed Votes
Linear Finance x PieDAO
PLAY is going cross-chain! The Linear Finance x PieDAO snapshot vote passed with unanimous support from the PieDAO community.
Background: Linear Finance is proposing to list a synthetic PLAY token(ℓPLAY) on Linear.Exchange. The idea is for PieDAO to compose and maintain ℓPLAY. In return, Linear Finance will pay a monthly service fee to PieDAO.
KPI Options Redemption
Background: Key Performance Indicator (KPI) options are synthetic tokens that will pay out rewards if a project’s KPI reaches predetermined targets before 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.
The question: What should the KPI options be redeemed for? With a majority vote, the community decided on redeeming the options for veDOUGH. This would minimize the selling pressure on DOUGH. See the snapshot vote here.
A closer look
A Basket full of PIEs?
In the world of traditional finance, you often hear news about mergers and acquisitions among institutions. In the web3 world, this is still fairly unchartered territory. Well, a new opportunity has presented itself which allows us to explore these new waters. After the unfortunate hack of BasketDAO, their team is looking to discontinue operations. A proposal has been put forth in which PieDAO would acquire the BasketDAO community, liquidity, and products. Details are still being discussed but take a look at the proposal here.
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
Anastasiya Belyaeva, Head of Growth at PieDAO makes an appearance on the Paul Barron Network Youtube channel. Topics discussed are PieDAO's Solutions and the release of the staking platform.