PIP 43 - Incentive Programs

PIP
#1

Week 15 distribution:

Waiting for a broader revamping of the whole liquidity incentives model, expected to take place over the coming weeks, for week 15 is confirmed the distribution of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools, as per details below.

photo_2021-01-08_15-47-18

  • DEFI+S/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • DEFI+L/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • BCP - 30,000 DOUGH allocated as weekly incentive distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!

  • DOUGH/ETH - Allocated 80,000 DOUGH as a weekly incentive distributed to LPs, of which

    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

The above distribution will start as of today Friday, January 8 st 2021 - 4pm UTC.

Stay Crusty!

3 Likes
#2

New onchain vote is up requesting the transfer of week 15 incentives from the vault to PieDAO’s multi-sig for contracts top-up.

#3

Week 16 distribution:

Also for week 16 is confirmed the distribution of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools, as per details below.

Screenshot 2021-01-15 at 16.49.09
Screenshot 2021-01-15 at 16.49.091372×222 101 KB

  • DEFI+S/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • DEFI+L/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • BCP - 30,000 DOUGH allocated as weekly incentive distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!

  • DOUGH/ETH - Allocated 80,000 DOUGH as a weekly incentive distributed to LPs, of which

    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

Distribution will start as of today Friday, January 15th 2021 - 4pm UTC.

1 Like
#4

New onchain vote is up requesting the transfer of week 16 incentives from the vault to PieDAO’s multi-sig for contracts top-up.

#5

Week 17 distribution:

PieDAO is entering the growth phase of its journey to bring financial empowerment to everyone on the planet. As part of our initiatives to bring Pies in the hands of as many users as possible, we’d like to propose the introduction of $YPIE Liquidity Rewards on Uniswap v2, proposed to start as of next week as an initial trial run lasting for three weeks.

Pending governance approval of this $YPIE rewards, for the current week 17 is confirmed the distribution as per previous weeks of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools, as per details below.

Screenshot 2021-01-22 at 17.27.59
Screenshot 2021-01-22 at 17.27.591372×230 30 KB

  • DEFI+S/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • DEFI+L/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • BCP - 30,000 DOUGH allocated as weekly incentive distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!

  • DOUGH/ETH - Allocated 80,000 DOUGH as a weekly incentive distributed to LPs, of which

    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

Distribution starting as of today Friday, January 22nd 2021 - 4pm UTC. Stay Crusty!

2 Likes
#6

New snapshot vote is up, re the proposal to launch $YPIE liquidity rewards on Uniswap https://snapshot.page/#/piedao/proposal/QmezT88Au7j9PeH1r2TTZVjYtRaHXgfUKGBxk5pP2zaAAF

1 Like
#7

Full proposal here

Summary
Introduce a 60k $DOUGH reward (total over 3 weeks) for LPs to the YPIE/ETH pool on Uniswap V2, starting from January 29th, 4pm UTC.

Motivation
PieDAO is entering the growth phase of its journey to bring financial empowerment to everyone on the planet. As part of our initiatives to bring Pies in the hands of as many users as possible, we would love to introduce $YPIE Liquidity Rewards.

$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 crypto 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.

Finally, and a significant milestone for the DeFi ecosystem, all tokens within PieVaults that have governance power are delegated, and will be meta-governed by $DOUGH holders, significantly reducing the barrier to entry for governance participation.

This new liquidity program would be an initial trial run lasting for 21 days. In the future we are looking forward to continuing to work closely with Sushiswap, including the possibility of double yield via the Onsen program.

NOTE:
In order to maintain the current reward cap to 150K DOUGH/week in total, it’s here proposed to reduce by 20k DOUGH/week the current incentive programs, specifically:

  • DOUGH/ETH pool, from current 80K DOUGH/week, to 70K DOUGH/week;
  • BCP pool, from current 30K DOUGH/week, to 20K DOUGH/week

Specification
Total reward: 60k DOUGH (total over 3 weeks)
Program initial duration: 3 weeks, starting from Jan 29th, 5pm UTC
Incentivised pool: $YPIE/$ETH on Uniswap V2, to be established
Rewards liquidity: 20% liquid, 80% escrowed over 52weeks

4 Likes
#8

Snapshot proposal on $YPIE liquidity rewards on Uniswap has passed!

New onchain vote is up requesting the transfer of week 17 incentives + 2 extra week incentives for YPIE (150k + 40k DOUGH) from the vault to PieDAO’s multi-sig for contracts top-up.

2 Likes
#9

Week 18 distribution:

As per recent governance vote, we are pumped to be introducing the $YPIE Liquidity Rewards on Uniswap v2, starting this week and available over 3 weeks!

For the current week 18 is confirmed the distribution of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools, as per details below.

Screenshot 2021-01-29 at 11.32.15
Screenshot 2021-01-29 at 11.32.151380×340 153 KB

  • DEFI+S/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • DEFI+L/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • BCP - 20,000 DOUGH allocated as weekly incentive distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!

  • DOUGH/ETH - Allocated 70,000 DOUGH as a weekly incentive distributed to LPs, of which

    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • YPIE/ETH on UNISWAP - Allocated 60,000 DOUGH as a 3 week incentive to LPs staking their UNI-V2, proportionally to their UNI-V2 share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

Distribution started as of today Friday, January 29th 2021 - 4pm UTC.
As always…Stay Crusty!

2 Likes
#10

New onchain vote requesting the transfer of week 18 incentives from the vault to PieDAO’s multi-sig.

#11

Week 19 distribution:

For the current week 19 is confirmed the distribution of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools, as per details below.

Screenshot 2021-02-05 at 16.40.02
Screenshot 2021-02-05 at 16.40.021384×342 145 KB

  • DEFI+S/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • DEFI+L/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • BCP - 20,000 DOUGH allocated as weekly incentive distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!

  • DOUGH/ETH - Allocated 70,000 DOUGH as a weekly incentive distributed to LPs, of which

    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • YPIE/ETH on UNISWAP - a total of 60,000 DOUGH were allocated in the past week as a 3 week incentive to LPs staking their UNI-V2, proportionally to their UNI-V2 share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

Distribution started as of today Friday, February 5th 2021 - 4pm UTC.
Stay Crusty folks!

1 Like
#12

New onchain vote requesting the transfer of week 19 incentives from the vault to PieDAO’s multi-sig.

#13

L2 Liquidity Mining Incentives

Following up on the multiple requests for L2 incentives, we’d like to propose the following incentives for Liquidity Mining on the Loopring L2 AMM, as part of their upcoming Round 3 running for 14 days starting from February 11th 00:00 UTC.

Specifically, the total proposed incentive for the entire round would amount to 12,000 $DOUGH, split across the following pools.

Screenshot 2021-02-10 at 13.19.11
Screenshot 2021-02-10 at 13.19.111290×150 54.8 KB

Furthermore, under this scenario Loopring would kindly match the PieDAO incentives with an additional 10% paid in LRC!

A rush snapshot vote will be shortly up to vote over 8hours on this proposal.
Stay Crusty!

#14

New snapshot vote is up

#15

Would this replace some of the L1 incentives?

#16

No, this is currently framed as a one-off initiative on top of current L1 incentives. Sorry for not clarifying that.

2 Likes
#17

NOTE

Unfortunately the incentives proposed on the Loopring AMM won’t anyhow be introduced as part of the imminent Round 3 (starting February 11th 00:00 UTC) given the required configuration on Loopring side. The first eligible round would be the Round 4, shall governance opt for that.

1 Like
#18

Just like to point out that Loopring are currently voting on which way to implement fees for AMMs.

Atm it is looking like $30 Entry and Exit fees will be introduced.

1 Like
#19

tnx for pointing this out

#20

Week 20 distribution:

Also for week 20 is confirmed the distribution of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools, as per details below.

Screenshot 2021-02-12 at 14.49.37
Screenshot 2021-02-12 at 14.49.371292×342 140 KB

  • DEFI+S/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • DEFI+L/ETH - Allocated 20,000 DOUGH as a weekly incentive to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • BCP - 20,000 DOUGH allocated as weekly incentive distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!

  • DOUGH/ETH - Allocated 70,000 DOUGH as a weekly incentive distributed to LPs, of which

    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

  • YPIE/ETH on UNISWAP - still ongoing the 60,000 DOUGH 3-weeks incentive to LPs staking their UNI-V2, proportionally to their UNI-V2 share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

Distribution will start as of today Friday, February 12th 2021 - 4pm UTC!