GE Name : Crypto Twitter Pies
Hypothesis : “Crypto Twitter” type users have a larger appetite for risk and we would do well to provide products to this user segment.
Description : With this proposal, we can separate PieDAO products into 3 tiers.
1. Diversifying against tokenized assets losing its peg
2. Funds and Vaults
BCP, DEFI+L, DEFI+S, DEFI++
3. Crypto Twitter
YASS and Degen10
The following Pie proposals represent much talked about allocation strategies that have yet to be implemented by any of the top or new portfolio fund organizations. PieDAO can take the first to market lead by launching these vaults.
YASS Pie (aka ASSY) : Yearn, Aave, Synthetix, Sushi
Other variations include dropping Yearn or adding Ether for ASS (we could call it SAS) or EASY
YASS allocation has been embraced by Crypto Twitter key opinion leaders. As amplice pointed out in our Discord “it offers more concentration in what people… [consider] the best in class DeFi assets”. Although YPIE and DEFI+L have exposure to YASS tokens, the concentrated DeFi bet on YASS is an underserved market.
Here are some of the Crypto Twitter chatter around YASS, thanks again to amplice for the resources.
This fund structure has gained traction on our Discord, initially sparked by this Twitter thread.
https://twitter.com/redphonecrypto/status/1345577570457280514. There is some talk of this community launching a token themselves https://twitter.com/0xBay/status/1348039984985489409, this demonstrates that a market exists for this.
Rune is now available on Sushi Swap https://twitter.com/thorchain_org/status/1349223174341156865 and parachains on Polkadot could be seen Q1 this year. Bridges are another possible way to place Dots in Pies. The latest news I can find on that is this: https://snowfork.substack.com/p/a-trustless-general-purpose-polkadot
Metrics : TVL, # addresses holding LP tokens, news coverage, and social media engagement related to this growth experiment.
Time frame : Depends on dev time to launch new pies. I believe the team could do this in a month but there are other proposals that are slated for work currently, like the Product Improvements Roadmap for Q1.
Definition of Success : 1. TVL of the Crypto Twitter product tier should at least match DEFI+L and YPIE 2. We capture the attention of the audiences of Twitter influencer accounts.
Resources Needed : Developer time, the community to help with allocation percentages. I will explain that in the following post.
GE Confidence Rate : 9, I believe the main risk here is if any of the tokens face a massive failure and normal contract risks.