Inside The Bakery 5 - BCP Strength

The Magic of Diversification

Welcome to Inside The Bakery

This newsletter aggregates the latest updates from everyone’s favorite bakery, PieDAO.

PieDAO is a growing community governing tokenised portfolio allocations, pushing the boundaries of what can be achieved with ETFs.

Our ambition is to become Bridgewater Associates on steroids, powered by an army of highly incentivised and talented community members instead of a handful of investment analysts. With PieDAO anyone, anywhere, can get access to tokenised asset allocations (PIEs) - no matter their budget.

If you haven't followed our progress yet, the concept is simple:

📌 Holding $DOUGH makes you a member of PieDAO giving the right to participate in governance; decide on the composition and weight of individual PIEs; and to be rewarded for your contribution with a share of fees generated through the protocol.

📌 Anyone with an internet connection can buy PIEs (including gas-free through our Oven) and benefit from exposure to a carefully curated, diversified selection of tokenised assets

📌 Our latest product range, PieVaults push the possibilities even further, maximising returns and minimising risk. PieVaults employ multiple active strategies such as staking, lending, and yield-farming, using a unique strategy for each individual asset within the PIE. PieVaults also unlock meta-governance of underlying assets, with the DOUGH token becoming a voting passport across the DEFI ecosystem.

🌱 Growth

What a week! Total Value Locked in pies is now $27.52m!🚀

Don’t forget, the greater Total Value Locked in PieDAO products, the more the generated fees for DOUGH.

📰 In The News

📙 Meet PieDAO Key Members

💪 BCP Weathers The Storm

💰 Liquidity Rewards

We are incentivising liquidity provision for our products with 150k DOUGH each week.

Head over to the PieDAO Bakery to get involved, or read our DEFI+L staking guide to understand how to stake using Balancer and PieDAO!

Following PIP 19 all BAL rewards are being used to buy DOUGH off the market as part of a sustainable issuance policy. So far over 300,000 DOUGH has been bought.

Here’s the APR available today:

📊 Pie Performance 

More All Time Highs! 🎉

Remember, all pies started at $1!

Pies are fully-backed by the assets they represent, with pie growth directly representing the growth of the underlying tokens.

You can buy or mint BCPYPIEDEFI+LDEFI+S, and DEFI++ through the PieDAO website.

📈 Underlying Asset Performance

Pies diversify your investment so you avoid missing out on big movements trying to pick winners.

Who were the biggest movers according to CoinGecko this week?




❤️ In The Community

🐦 PieDAO Twitter Contest Week Two

  • Congratulations to @Unnamikayla9 for winning $100 $BCP this week!

  • See full discussion of this Growth Experiment on the forum.

  • The third and final competition will be a little different, so watch this space!

🥧 Vote For The Next Pie

The community has been busy voting for the next pie, with $PLAY the clear leader. See the results here and join the $PLAY discussion to help build it!

💰 YPIE Liquidity Rewards

It’s the final week of YPIE / ETH Uniswap liquidity rewards, which will end on the 19th 4PM UTC. A total of 60k DOUGH was available.

👏 That’s all for this week!

Thank you for being part of the PieDAO community! Don’t forget to subscribe to get the latest news, pie updates and staking APY direct to your inbox weekly.

You can get hold of BCPYPIE, and DEFI++ gas-free with the community Oven.

Join the PieDAO Discord today.