pieLABS monthly summary October 2021

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pieLABS

3 min readNov 9, 2021

1) Compensation program

On October 1, we launched the long-awaited compensation program for those who suffered from the July hack. More details here.

The compensation program had been launched for those who have deposited third-party assets in the DeFiPIE protocol — not PIE. For PIE tokens, the program has not started yet, so stay tuned for our announcements and don’t miss the start of the program.

The program lasted a month until November 1, and $272,414 were deposited in a month.

Although the compensation program lasted a whole month and every week we made reminder post about the need to deposit your p-tokens, there were those who missed the program and haven’t added their p-tokens to the program.

For those who are late in the current compensation program, we will make an additional round of compensation, but after the full repayment of all debts under the current program, so stay in touch and follow the announcements.

2) Website for pieLabs

We have already written about the rebranding of the project. More details here.

We will create an ecosystem of projects around the PIE token, in which the DeFiPIE will be one of the projects. And the name of the entire ecosystem will be pieLabs, which will include various DeFi projects. More details here.

We have released a site for pieLabs, with a description of the entire ecosystem and on which we plan to post links to all our projects.

The website: https://pielabs.org/

3) WhitePaper for pieLabs

New vision — new white pepper!

We released a new white paper, in which we talked about our vision of the pieLabs ecosystem, its constituent projects and how they will be interconnected, the major role of the PIE token, as well as the development roadmap.

pieLabs white paper: https://pielabs.org/wp.pdf

4) Airdrops

We made 2 airdrops in October. In which 364 people took part.

In the first airdrop, we gave out 300,000 PIE tokens for performing simple actions on Twitter. The total amount was divided between 53 participants who received the airdrop in the amount of 1300 to 29500 PIE, depending on the size of their pPIE deposit.

The second airdrop was dedicated to Halloween. We made 10 thematic nft art and raffled them among the community.

You can view our Halloween collection on the opensea marketplace: https://opensea.io/collection/pielabs-halloween

Also, if you have a desire, you can purchase these tokens at a modest price of 25–26 ETH: