PieDAO Token Migration
PieDAO is entering the next phase of its mission to democratize the access to wealth allocation strategies by migrating the currently non-transferable token (DOUGHv1) to a transferable one (DOUGHv2).
On March 7th PieDAO was deployed to mainnet, since then over 160+ unique addresses have contributed the DAO, several renowned influencers and key stakeholders of the DeFi industry have joined governance including Alex Evans (Placeholder), Kain Warwick (Founder Synthetix), Hart Lambur (Co-founder UMA), Luis Cuende (Co-founder Aragon), Calvin Liu (Strategy Lead Compound), Tarun Chitra (Founder Gauntlet Network), Fernando Martinelli (CEO BalancerLabs), Mariano Conti, Leo Cheng (Blood mage MVC), Konstantin Lomashuk (p2p.org), Patricio Worthalter (Founder POAP), The LAO (thelao.io), Stefano Bernardi and many more!
To further develop the community and to incentivize early adopters through the liquidity mining program the community believes the time is right to start the migration of DOUGH to DOUGH v2.
🚨 Token Requests: allowed up until Friday 18th September 8:00 PM UTC
After the token request will be disabled in preparation for the migration.
You can find a tutorial on how to join PieDAO here!
Vesting
To align incentives early token requests were accepted at a lower rate then later ones but are subject to longer vesting periods. DOUGH holders are subject to the following vesting schedules:
- Contribution on Epoch 1 (from block to block) 1.5y vesting
- Contribution on Epoch 2 (from block to block) 1y vesting
- Summoners 3y vesting
- Bounties, no vesting applied
The vesting windows start at the moment the DOUGH v1 tokens were minted for your address.
Migration Process
To make the process as simple as possible an Aragon app will be installed which allows you to migrate your tokens.
By visiting the Aragon interface of PieDAO and opening the migration app you can easily migrate your already vested tokens to DOUGH v2.
The interface will automatically fill in the maximum amount you are able to migrate.
Liquidity Mining and DEX Listing
On Migration-DAY the PieDAO will deploy a DOUGH/ETH 80/20 market on Balancer.
Additionally, the liquidity mining program will kick-off, a dedicated article will be published about it in the upcoming days until then join the Discord to get involved with the 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:
