- DOUGH tokens allow community members to participate in the governance of the PieDAO ecosystem.
- 1.5M DOUGH tokens will be available on Balancer around Oct 3, 2020, at 1:00 pm UTC.
- Share questions or concerns on the Discord channel and we’ll do our best to address them quickly.
PieDAO is an asset allocation DAO for governing tokenized ETFs called Pies.
A Pie is represented by a single ERC20 which contains multiple tokens according to the weights decides by the community.
DOUGH is the PieDAO governance token. Owning DOUGH makes you a member of PieDAO. Holders are capable of participating in the DAO’s governance votes and proposing votes of their own.
👇 Learn more about DOUGH Tokens and Usecases below. 👇
The DOUGH token will be deposited into a Balancer 80/20 $DOUGH/$ETH liquidity pool at approximately 01:00 pm UTC on Saturday, October 3rd.
At that time, PieDAO will be depositing 1.5M DOUGH tokens and 562.5ETH into a newly created liquidity pool.
This represents an initial listing price of ~0.0015ETH/DOUGH.
Later the same day, at approximately 6:00 pm UTC the migration from DOUGHv1 and DOUGHv2 will start. The migration happens on a voluntary basis and does require user action directly in the DAO interface.
Together with the migration the liquidity mining incentive program will kick-off for the DOUGH/ETH pool, DEFI+S/ETH on Balancer, and DEFI+S/DAI on Uniswap.
PieDAO members migrating their tokens are invited to stake their tokens into the DOUGH/ETH liquidity pools to gain staking rewards.
👇 Learn more about token migration below. 👇
The incentive program will start right after migration! DOUGH holders are invited to contribute to the DOUGH/ETH Balancer pool, with the goal to bootstrap liquidity, the DOUGH/ETH pool will receive the best possible rewards during Week 1.
👇 Learn more about liquidity mining below. 👇
Follow @PieDAO_DeFi on Twitter and join our community on Discord and in the governance forum. The documentation and codebase are all open-sourced on Github.
See https://docs.piedao.org/ for more.
Mick de Graaf article on the most recent update to smart pools it’s the best place to start, next stop is the #development channel in the Discord Community.
👇 Learn more about Pie Smart Pool below. 👇
As announced here 60,000,000 DOUGH v2 tokens (60% of total) will be locked in a vault off-circulation and used overtime through liquidity mining programs and other incentives.
DOUGH tokens are not investments or investment contracts, nor should they be construed as such. Rather, DOUGH governance tokens are a means of participating in a community-owned, -operated and -governed network protocol. Because the success of the protocol described in this post depends on the efforts of a disparate group of actors, the products and services described herein involve substantial risk. Materials published by PieDAO members do not constitute the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor are they a recommendation being provided to buy, sell or purchase any product or service. Further, materials published by PieDAO reflect the information available as of the time of publishing and are subject to change at any time without notice. PieDAO and his members will not be liable for any direct or consequential loss arising out of the use of this material or its contents.
DO NOT PURCHASE DOUGH IF YOU ARE NOT FAMILIAR WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS.
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.