Inside the Bakery 8: SUSHI Rebalance, Loopring L2 DEX, BCP Integrations and More.
Another week of winning
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.
Total Value Locked in pies is now $26,850,000! 🚀
Don’t forget, the greater Total Value Locked in PieDAO products, the more the generated fees for DOUGH.
📰 In The News
🍣 SUSHI DeFi+L Rebalance
Welcome to DeFi+L SUSHI. As DeFi+L a now a PieVault the SUSHI has been put to work productively staking as xSUSHI.
🌏 Confluence Analytics Use BCP in DeFi Eco Pie
Confluence Analytics are using BCP for their Eco pie that directs a portion of yield to tackling environmental issues. We talked with CEO Conor Platt and CTO Jeff Bennett to understand their view on the growing DeFi and DAO space and why they chose our Balanced Crypto Pie!
💰 BCP Cross-Chain Bridge
Andre Cronje @AndreCronjeTechhttps://t.co/yjQbS42z4A updated; First batch of tokens live on bridge Second batch in timelock ~48 hours Third batch pending deployment View token status on /tokens tab https://t.co/QTcYDtEbGw
Thanks to Multichain you will soon be able to get hold of BCP on Binance Chain and Fantom.
🚄 BCP Loopring L2 Dex Incentives
Our community has allocated 30,000 DOUGH for Loopring L2 DEX liquidity incentives for LPs to earn over the next two weeks.
L2 is the roadmap for Ethereum scalability, so get on Loopring DEX today!
💰 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!
📊 Pie Performance
Pies On the Rise! 🎉
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.
❤️ In The Community
🎤 Will on DeFi Times Podcast
DEFI TIMES @defitimesWe interviewed @williambrealey1 from PieDAO! 🙏 If you want to wrap your head around @PieDAO_DeFi, this one is a must! Listen now! 🚀 https://t.co/ZOAGN53OYF
Don’t miss Will discussing PieDAO, BCP, PieVaults, Oven, Meta-Governance and much more!
📊 Fav Makes PieDAO Dashboard
Thanks Fav for the incredible work setting up PieDAO Dune Analytics! Even more features are coming soon.
📰 Check Out Decentralise
Decentralise is a daily DeFi newsletter written by Will.
Make sure to subscribe for the latest updates and developments direct to your inbox!
👏 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.