Inside the Bakery 38: Community Call Debrief
Inside the Bakery 38: Community Call Debrief
SLICE distribution, DeFi++'s makeover, and updates from around the PieVerse.
Welcome back to Inside the Bakery. Today’s newsletter will debrief you on the essential topics from last Wednesday’s community call.
Treasury APR
3.2%*
*APR exclude sOHM position
DOUGH staking
SLICE Distribution
It’s summer and the bear market just woke up from hibernation, luckily if you’re reading this (chances are) you’re still getting paid. PieDAO's payday was June 9th, and 149K+ SLICE has been distributed to 239 veDOUGH holders. Some positive news, there’s been an upward trend in participation and holder count!
The numbers:
+16.6 million in DOUGH staked
+16.3 million veDOUGH minted
The average time lock remains at 35 months
413 voting addresses
Where are my SLICE rewards? How do I redeem my slice rewards for PLAY?
Find the guide to SLICE claiming and redemption here.
Treasury Farming Committee
The Bare Necessities
Yes, the market is still down. Yet we still distributed $35K worth of SLICE for May. Unfortunately, we don’t know how long the capitulation will last so the TFC is in full-on protection mode:
Portobello target: 45% ETH; 15% alt; 40% stable coins
Placing the brakes on buying for the time being
Ramping up farming and building an alt portfolio
Read the full May report here.
On a sad note, TFC representative JNova is stepping down from his role. J, you will be missed! I think I speak for all of us when I say thank you for your leadership over the last year!
Products
The Best of DeFi in One Place
DeFi+S and DeFi+L are no more, all hail DeFi++ as per [PIP-70].
Background
The Product Refinement Initiative, the DAO implemented a health check on some of our PIEs. The analysis found that our PIEs performed well but there is room for improvement. Merging our DeFi offerings would allow for:
Higher concentration of TVL
Improved allocation of LP liquidity and incentives
Lower maintenance/rebalancing efforts and costs by PieDAO
Optimized effort for its active promotion across the DeFi ecosystem
Next steps
We’re exploring the idea of revamping the DeFi++ token. The top three contenders are the following:
Market Index (Representing the DeFi market across the board)
Alpha Generating (Attempt to generate alpha via smart accumulation/management)
Productivity (Yield focused, the PIE allocation would be optimized for Yield)
What do you think? Let us know what type of PIE you would hold in your portfolio!
Resources
Read the in-depth blog here
All DeFi+S and DeFi+L related functionality will remain available at http://legacy.piedao.org/
Miscellaneous
Engineering Updates
Our PLAY token can now be purchased via our legacy page or new landing page using the BUY button. This will link to a Sushiswap pool!
You can now single asset swap WETH, WBTC, or DeFi++ for BCP directly!
Compound SLICE UI update - Rate used on last compound to be displayed as well as the next planned compounding date
Thanks for reading!👏Join the PieDAO community today.
Stay tuned for our next community call on July 13th.
Listen to the community call recording and find the presentation slides here. (Forum login required)