The pieLABS compensation program v1.0

Uptober has started and the pieLabs team is delivering results. First day of month — first announcement to open Q4 2021. We’re thrilled to announce a compensation program opening for the 2nd and 3rd options of holders — Stablers and Alters.

There are 3 groups of users:

• $PIE backers, who lost the $PIE token;
• Stablers, who lost funds during the hack and agree to convert their funds at the price on the day of the hack;
• Alters, who want to receive their principals back;

You can read details of the compensation program here: https://medium.com/defipie/defipie-compensation-plan-next-steps-4ebe0ea3a85

We’re currently working on launching a compensation program for Stablers and Alters. The compensation program for $PIE holders will be launched a bit later, so stay tuned for upcoming announcements.

Details of the compensation program and the next steps

To restore stolen funds like alt coins and stable coins, please visit https://compensation.defipie.com/

As you can see, currently we have only 2 options for users. To participate in the compensation program you have to stake your pTokens and our app.

As you can remember, there are differences between Stablers and Alters. Stablers are ready to convert their investments into USDC by price on the day of the hack. For example, on the day of the hack, you had 1000 ZEFU tokens at a price of $0.05. Currently, the ZEFU token costs $0.08. Stablers (who agree to convert their holdings to USDC at the price on the day of the hack with 25% APY) pool for those. If you want to receive your 1000 ZEFU back — you’re Alters and you have to stake at 3rd pool. Stablers have the main priority.

If you lose stable tokens — stake in the 2nd pool and you’ll have 25% APY!

For example, if you lost USDC, you have to stake pUSDC tokens. If you lost ZEFU, INFI tokens, please, stake pZEFU, pINFI tokens. Once you finish this step, please check the dashboard from time to time and if there is liquidity, claim it!

Dashboard link: https://compensation.defipie.com/

Smart contracts details and addresses

Smart contracts repo: https://github.com/DefiPie/compensation-program

ETH:

• compensation: ‘0x367eB1D2da765d552b03F193EEc6696329D9a166’,
• refund: ‘0xb7ab91Ca09fE5E6E9Ab9a8A8415843934304d707’

BSC:

• compensation: ‘0x9F2917A79D4122483AA6636c8662Bcf6AB73F531’,
• refund: ‘0x66eA3cd3F24a81bB52e712A9AC48936691CedaC0’

Note for everyone: deadline to stake your pTokens is 1st of November 00:00am UTC time. Those who don’t stake their pTokens won’t be able to recover their funds.

Thank you for being with us! October will be a very hot month for pieLABS and the crypto market in general. Stay tuned for upcoming announcements.