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
Total Value Locked in pies holds strong over $22.65M.
Don’t forget, the greater Total Value Locked in PieDAO products, the more the generated fees for DOUGH.
📰 In The News
🔥 DeFi+L PieVault Migration
DeFi+L has successfully migrated to a PieVault and is now tapping into Aave, Cream and Compound to generate yield for holders.
Now that DeFi+L is a PieVault we will shortly be able to add SUSHI and tap into that delicious xSUSHI yield.
💰 DOUGH Value Accrual
Last week we dove deep into DOUGH, with two articles outlining it’s powerful meta-governance and attractive value accrual. Check them out!
🛡️ COVER YPIE Rebalance
Following a 100% in favour vote COVER will supply treasury funds to help us add them back to YPIE, receiving freshly baked pie in exchange.
The rebalance will also see BADGER added, so stay tuned!
🥧 DOUGH Listed On LBank
💰 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
Pies Stand Strong! 🎉
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 BCP, YPIE, DEFI+L, DEFI+S, and DEFI++ through the PieDAO website.
❤️ In The Community
🎤 BlockEnthusiast’s DeFiiCon Presentation
Don’t miss our very own BlockEnthusiast, who will be giving a presentation covering all things PieDAO bakery related.
BlockEnthusiast has been an absolute asset to the DAO, helping users with his incredible technical understanding and pushing forward exciting new initiatives!
🗳️ Vote for the Final Competition Winner
Community members have been getting to work telling us why they love PieDAO.
Help choose the winner over at our forum post which will be updated shortly.
👏 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 APR direct to your inbox weekly.
You can get hold of BCP, YPIE, and DEFI++ gas-free with the community Oven.