I’ve been a #FulltimeTokenHolder with @PieDAO for some time now and am disappointed in myself for having taken so long to write about it. This group is brilliant as it offers options to both passive and active users. There is a lot of great potential in this protocol and the team/community behind it. I think it offers all types of DeFi users a cost-effective way to increase exposure across web3. Whether you are a whale, small fry, degen veteran, or newbie there are wonderful opportunities within PieDAO.
Cost Efficient Exposure
Remember when gas fees were 100+ constantly? You know that time when we would all have a conniption fit of transactions every time we saw gas hit 90 GWEI?
Well, that’s a perfect example of how PieDAO could offer a benefit to individuals looking for broad exposure at a cost-effective level.
Let’s say on a very basic level I want to purchase some $BTC, $ETH, and for good measure let’s throw in a mix of both large and small cap tokens from across the DeFi space. I would probably be interested in PieDAO’s Balanced Crypto Pie (BCP). This pie is an index or basket of 16 tokens offering exposure in $BTC, $ETH, $MKR, $YFI, $SUSHI, $UNI, $UMA, $BAL, and many more major DeFi players.
I could go ahead and pay an ungodly amount of transaction fees to accumulate these 16 tokens. On top of that if you attempt to catch the lower end of gas prices this could take a very long time.
With PieDAO I can cut these transactions, fees, and time drastically. PieDAO has noted 97% gas savings and the elimination of ~73 transactions in gaining exposure to tokens included under their BCP index.
Exposure to Unfamiliar Spaces
Web3 moves at an overwhelming pace. Even natives and full timers have trouble keeping up. How is the average Joe/Josephine/bot supposed to gain exposure to great opportunities without immersing themselves in a constant stream of news on a topic they likely have a very loose understanding of?
Personally, I have spent my time, focus, and energy in the DeFi space but I am incredibly optimistic on the web3 gaming future. PieDAO’s PLAY pie is a perfect fit for me in this regard.
By owning PLAY, I have exposure to big names like $MANA, $SAND, $AXS, $ILV, and more. The PieDAO Giga-brains and fulltime token holders heavily involved in Web3 manage strategy, updates, and changes so that I can gain exposure to the gaming side of Web3 while I continue my own focus on DeFi. This again saves me time in researching and transacting as well as cost.
Index tokens are great but…
What if I want the actual assets within one of the PIEs I hold? YOU CAN HAVE THEM! 😊
That’s right. If you would like to redeem your $PLAY PIE, or any other PIE for that matter, for the tokens underneath you can! While you will have to run a couple more transactions it still will not compare to the number of transactions PieDAO has saved you by “baking” all these assets into one PIE.
It Pays To Participate
While the above points advocate a more passive approach there is also opportunity at PieDAO to take a more active position. Users can stake $DOUGH for $veDOUGH to participate in governance votes. Once staked, a member is considered a “fulltime token holder”. Full timers vote on governance across the entire protocol and are rewarded monthly with $SLICE’s of that month’s selected PIE. This keeps full timers motivated to ensure PIE’s are managed in a positive way as well as caring for the overall protocol itself. Active members get 60% of DAO profits with the remaining 40% split between treasury (25%) and Dev (15%). One important note is that only ACTIVE members are rewarded. To qualify as “active”, a member needs to participate in DAO snapshot votes at least once a month.
Buzz around the bakery
PieDAO has a very active community spanning across the web3 space and leverages that presence. Tokenholders have benefitted from NFT partnerships, Auxo early access, POAP’s (for you collectors), and much more. Even more exciting is that we are seeing the first of what appears to be a new initiative, treasury management. Sandbox Games has just been announced to be part of a new pilot program for treasury management! It appears the fulltimers and bakers are about to get a bit busier, and I can only imagine the excitement on the $SLICE rewards as this new initiative gets underway.
Thanks for reading! Any/all mistakes or inaccuracies are my own.
Links:
- Pies — https://www.piedao.org/#/pies
- Learn — https://www.piedao.org/#/learn
- Ovens — https://www.piedao.org/#/oven
- Discord — http://discord.link/PieDAO
- Twitter — https://twitter.com/PieDAO_DeFi?s=20
- Medium — https://medium.com/piedao
- Forum — https://forum.piedao.org/
- Docs — https://docs.piedao.org/
- Active community member (Paid for governance) — https://www.piedao.org/#/staking-simulator
- Sandbox announcement https://twitter.com/piedao_defi/status/1503818446676676617?s=21
- Sandbox Games Twitter https://twitter.com/thesandboxgame?s=21
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