Announcing DOUGHpamine: Liquidity Rewards on Steroids to Fuel PieDAO’s growth 🚀

Following the successful governance vote, we are thrilled to announce the launch of brand-new DOUGHpamine incentive program to spearhead PieDAO’s growth in this new chapter.

The new incentive program is designed to boost liquidity provision for DOUGH & PIEs, therefore removing friction for purchasing both our governance token and Pie index products and enabling anyone to take control of their financial future.

The new features of the program include:

• Putting DOUGH into the heart of the PieDAO ecosystem by making it the core Pie / DOUGH pair
• Initially launching with DOUGH / ETH and PLAY / DOUGH on Monday, 12th April at 3pm UTC
• Doubling the rewards amounts compared to previous incentives, and a 4x in the first month to celebrate the launch!

🔥 An indicative APRs for a $1m liquidity on DOUGH / ETH pool is 1200%, and for PLAY / DOUGH as much as 2400% in the first month. 🔥

• Migrating the rewards to Sushiswap, which is currently the only DEX allowing for the multi-hop feature (swapping ETH > DOUGH > PIE in one click).
• Majority of the rewards to come escrowed, and liquidity providers will soon be able to benefit from compounding returns thanks to DOUGH staking (watch this space!).

🚀 Boosting DOUGH’s place in the heart of the PieDAO ecosystem

In the new incentive program, all liquidity pools for PIEs will be constructed as “PIE”/ DOUGH pairs. In addition to promoting the deep DOUGH / ETH pool where most trades would eventually get routed through, this will bring a number of other benefits, thanks to Sushiswap’s multi-hops feature for the routing of swap orders across different pools. Primarily:

• Drastic improvement of liquidity across multiple PieDAO products on a unique AMM. All PIE / DOUGH pools would in fact synergistically leverage on a common DOUGH / ETH pool, that could be further incentivized for deeper liquidity.
• Building of a whole new use case for DOUGH, on top of the current governance, meta-governance, and active collector of revenue streams from PieDAO products. All liquidity pools would in fact require the allocation of a 50% weight to DOUGH, soaking a large chunk of the available supply and driving further demand for our governance token.
• Establish a correlation of DOUGH to the DeFi, Gaming and NFTs ecosystems. DOUGH has been historically following a fairly uncorrelated path vs most of DeFi tokens. By tying in together DOUGH with PIEs that represent the best of the various ecosystems, a higher degree of correlation would be established.

💰 How can I participate in liquidity rewards?

DOUGH <> ETH

1. From the DOUGH / ETH Sushiswap page select the + Liquidity tab
2. Select how much DOUGH and ETH you want to add
3. Sign the approval transactions
4. Sign the deposit transaction
5. Now you have SLP (sushiswap liquidity tokens), navigate to the PieDAO staking page: https://www.piedao.org/#/staking/dough-eth
6. Select the DOUGH / ETH farm and hit ‘deposit SLP’
7. Sign the approval and deposit transactions

PLAY <> DOUGH

1. From the PLAY / DOUGH Sushiswap page select the + Liquidity tab
2. Select how much PLAY and DOUGH you want to add
3. Sign the approval transactions
4. Sign the deposit transaction
5. Now you have SLP (sushiswap liquidity tokens), navigate to the PieDAO staking page
6. Select the PLAY / DOUGH farm and hit ‘deposit SLP’
7. Sign the approval and deposit transactions

For more detail on the liquidity rewards, including the withdrawal fees, per-block issuance, and what happens to other liquidity pools jump over to the Forum post introducing the initiative.

This liquidity boost comes together with a proposal of collaboration from Wintermute, one of the strongest and best known market makers in the ecosystem, currently being voted on by governance members. If approved, Wintermute will undertake to market-make for both DOUGH and Pies, making it part of their mission to help Pies reach hundreds of millions in TVL by 2022.

Mark your calendars and join DOUGH / ETH and PLAY / DOUGH liquidity pools from 3pm UTC on Monday, 12th April to earn the DOUGHpamine rewards! 💸