HomeCoinsPieDAO DEFI Small Cap (DEFI+S)Announcing YPIE Liquidity Incentives | by Will Brealey | PieDAO | Jan,...

Announcing YPIE Liquidity Incentives | by Will Brealey | PieDAO | Jan, 2021

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Will Brealey

We’re thrilled to announce the launch of Liquidity Rewards for our first PieVault $YPIE following a successful community vote via Snapshot.

Starting from 3pm UTC on the 29th January, 60,000 $DOUGH will be distributed over the period of 21 days as rewards to liquidity providers for the YPIE/ETH pool on Uniswap V2.

$YPIE is the first PieVault from PieDAO, a boundary-pushing new product line that combines the convenience of a passively held, diversified basket of assets with automated active strategies to generate the highest possible returns.

Each PieVault includes a carefully curated, balanced portfolio of assets that are intrinsically productive: yield-maximising strategies (e.g. staking, lending, yield farming) are applied to each individual asset automatically. This asset appreciation is reflected in the price of the PieVault, constantly growing as the underlying tokens generate yield.

In addition, PieVaults benefit from a much more secure architecture than traditional smart pools, while also not being subject to AMM risk.

All tokens within PieVaults that have governance power are delegated to the DAO and will be meta-governed by $DOUGH holders, significantly reducing the barrier to entry for governance participation across the wider DEFI ecosystem.

YPIE may be the first PieVault, but it certainly won’t be the last. The community is currently discussing YASS, a concentrated DEFI blue chip product containing YFI, AAVE, SUSHI and SNX.

Join the conversation.

YPIE gives complete exposure to the tokens comprising the Yearn Finance ecosystem. Read the full announcement here.

YFI – The backbone asset, used for Yearn governance and value capture.
SUSHI – Yearn’s AMM arm, easy ERC-20 token swaps and incentivized liquidity (more on this below).
KP3R – A network connecting protocols and developers.
CREAM – Lending and borrowing.
PICKLE – Yield farming and rewards boosting.
AKRO – Institutional connections and decentralized tools

PieVaults actively bounce between strategies, employing the highest-yielding option for each asset.

This new liquidity program will be an initial trial run lasting for 21 days.

In the future we are looking forward to continuing to further incentives trials, including the possibility of triple yield with Sushiswap’s Onsen program.

Here’s how you’ll be able to get involved when rewards go live.

1. Head to Uniswap and connect your wallet (Metamask/ WalletConnect etc)
2. Select ‘Add Liquidity’
3. Select YPIE and ETH and enter how much you wish to add
4. Approve Uniswap to spend your YPIE by signing the transaction
5. Hit ‘Supply’ and sign the transaction to receive LP tokens.
6. Head to our Farms page and select YPIE / ETH.
7. Add your LP tokens and sign the transaction.

In the mean time, be sure to get hold of YPIE gas-free with Oven.

Join the Discord community.



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