Oct 9, 2020
Announcing DeFi+L / ETH Staking Pool, Further LP Incentives and New Staking Contract Design
That’s right, it’s yet another huge update from the PieDAO team.
DeFi+L / ETH Staking Live Sat 20:00 CEST!
Newly launched DeFi+L index took DeFi by storm this week, providing investors with a decentralized index containing seven of the largest DeFi projects.
With today’s update DeFi+L investors can now put their balanced DeFi portfolio to work, providing liquidity in our 70 / 30 balanced DeFi+L pool.
@compoundfinance @AaveAave @UniswapProtocol @chainlink @MakerDAO @synthetix_io @iearnfinance
Week 2 Liquidity Provider Incentives
This week the community is providing a staggering 150,000 DOUGH to further incentivize liquidity across multiple pools.
Today’s news follows a week of unbelievable staking incentives for liquidity providers, with APR fluctuating between 370%-420%.
The DOUGH will be distributed accordingly:
DeFi+S / ETH 70 / 30 pool: 20,000 DOUGH to earn.
DeFi+L / ETH 70 / 30 pool: 20,000 DOUGH to earn.
DOUGH / ETH 80 / 20 pool: 110,000 DOUGH to earn.
Yes, you read that correctly. We’re giving away $324,000 of DOUGH at today’s price to incentivize liquidity providers and build PieDAO’s community.
Explore the latest baking opportunities.
DOUGH is the governance token of PieDAO.
Learn more about DOUGH and the vital role it plays in the DAO.
New Staking Contract Implementation
Today’s DeFi+L liquidity pool announcement comes with an added bonus.
The DeFi+L / ETH (70 /30) pool has launched with a new staking contract.
Token-Geyser by Ampleforth is a promising new development that aims to further align the interests of liquidity providers with PieDAO’s long-term vision.
It introduces a multiplier accounting for the length of time a liquidity provider commits to PieDAO’s pools. The multiplier scales linearly, growing from 1x to a maximum 3x after eight weeks within the pool.
Here is how it works:
Alice_token_time = 10 tokens * 1 days = 10
Bob_token_time = 5 * tokens * 3 days = 15
Global_staking_token_time = (Alice_token_time) + (Bob_token_time) = 25 token_days Alice owns (10 / 25) = 40% of rewards Bob owns (15 / 25) = 60% of rewards
Read the full Pie Improvement Proposal.
Next Steps
Things are always in motion at PieDAO, the world’s largest decentralized organisation built on Aragon.
We plan to roll out the new staking contract to the DOUGH / ETH pool with the start of week three.
Thanks for being a part of PieDAO as we continue to develop decentralized index solutions for a global community.
The PieDAO is a decentralized organization dedicated to bringing market accessibility and economic empowerment to anyone with an internet connection through Pie Protocol. Anybody in the public community may support these efforts by completing bounties, making feature requests, or proposing new Pies. DOUGH token holders are the DAO’s decision-makers, governing which proposals are accepted. If you want to know more about PieDAO:
