PIP 14: $DOUGH farming proposal

With the creation of the $DOUGH / ETH 80/20 Balancer pool, PieDAO will also open its $DOUGH farming season!

PieDAO Incentives:
As announced here, 60,000,000 DOUGH v2 tokens (60% of total) will be locked in a vault off-circulation and assigned to the DAO to promote its development overtime through liquidity mining programs and other incentives.

Eligibility:
All Liquidity Providers to selected pools will be eligible for these incentive programs by staking their LP tokens to PieDAO staking contract.

Week 1 distribution:
In order to kick-off the farming season at its best, on the first week alone PieDAO will distribute 250k $DOUGH (!!) among all Liquidity Providers, with pro-rata distribution per second as per staking share.
200k DOUGH will be reserved as staking incentive of the DOUGH / ETH pool alone, with the aim to ensure that a consistent portion of all DOUGH V2 migrated will be staked there for reward since day 1, promoting a healtier market through the liquidity contributed to the DOUGH/ETH pool.

The following programs will be launched on Saturday, October 3rd at 6pm UTC (8pm CEST).

Screen Shot 2020-10-01 at 10.12.41

Programs criteria will be reassessed on a weekly basis, with the intention to have them running on the following weeks as well.

Following Weeks:
For reference, after week1 all incentive programs will share a cumulative weekly reward of 150k DOUGH, of which 25k reserved for any new program launched to incentivize a Pie (DEFI+L as soon as out, BTC++, USD++, and more to come).

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Proposed pools:

:unicorn: DAI/DEFI+S: 0x7aefaf3ea1b465dd01561b0548c9fd969e3f76ba
:balance_scale: ETH/DEFI+S: 0x35333cf3db8e334384ec6d2ea446da6e445701df
:balance_scale: DOUGH/ETH: To be deployed

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I’m planning to extend shortly this proposal with the addition of a reward multiplier factoring in the length of staking for LPs that won’t be claiming their weekly incentives over a defined period of time, somehow similar to the token-geyser introduced by Ampleforth

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