[PIP-65] Staking rewards compounding to veDOUGH

Nice analysis @Adrian.A I am good with compounding, another nice option for the team. :nerd_face:

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Being lazy might stop me :sweat_smile:

Also the extra gas + being distracted by other opportunities instead of compounding.

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I’m all for this service but if resources should be going somewhere else or if it’s a burden I’ll vote for what’s best for us!

I really think that compounding has great value both for the investor as well as for the DAO, let´s keep it.

Personally I’ve liked accumulating PLAY so I haven’t used compounding. If the rewards switched to something else I might compound instead.

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Thanks for your view, and welcome to the forum ! :slight_smile:

I share the same view on $Play, tough to sell it …

Hey all! You can find here the applicable SLICE/DOUGH rate, valid for all conversions performed today March 23rd 2022 (details on this spreadsheet ).

1 SLICE = 2.67494 DOUGH

Each address having sent SLICE to the treasury address during the past weeks will receive an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE.

Stay Crusty!

3 Likes

Hey! You can find here the applicable SLICE/DOUGH rate, valid for all conversions performed today April 27th 2022 (details on this spreadsheet ).

1 SLICE = 2.712390 DOUGH

Each address having sent SLICE to the treasury address during the past weeks will receive an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE.

Stay Crusty!

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Hey all! Here below the applicable SLICE/DOUGH rate, valid for all conversions performed today May 25th 2022 (details on this spreadsheet ).

1 SLICE = 2.465340 DOUGH

Every address having sent SLICE to the PieDAO Teasury during the past weeks will receive an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE.

Stay Crusty!

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Hey! Below the applicable SLICE/DOUGH rate, valid for all conversions performed today June 29th 2022 (details on this spreadsheet ).

1 SLICE = 3.659751 DOUGH

Every address having sent SLICE to the PieDAO Teasury during the past weeks will receive an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE.

Stay Crusty!

2 Likes

Hey guys! Below the applicable SLICE/DOUGH rate, valid for all conversions performed today July 20th 2022 (details on this spreadsheet ).

1 SLICE = 3.410347 DOUGH

The above rate factors in both the NAV of PLAY and BCP included as collateral in SLICE.
As always, every address having sent SLICE to the PieDAO Teasury during the past weeks will receive an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE!

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yo! Below the applicable SLICE/DOUGH rate, valid for all conversions performed as of yesterday August 24th 2022 (details on this spreadsheet ).

1 SLICE = 3.113056 DOUGH

As always, every address having sent SLICE to the PieDAO Treasury during the past weeks received an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE!

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Dear fam, we agreed as a community to review the compounding efforts in August, in order to assess it’s performance and define weather or not we continue with this initiative.

I’d like to share with you the analysis of the past 6 months. There’ll be a poll at the end, so please read, comment and vote!

Performance and usage

As per the information below the community usage of the compounding option has been sustained and effective. We allowed staking +500K veDough staked over a period lower than 12 months period (expected in the previous analysis), through the provisioning of service with a reach of 27% of the total holders.

Takeaways

  • 122 unique addresses choose to compound at least once — 27% of tot stakers
  • 9% of the distributed slice gets compounded on a monthly basis on average
  • 222k Slice has been compounded, adding $200,574 were added to the treasury “farmable” capital
  • 522k veDough has been staked in 9 months
  • Participation performance: ATL 9 | ATH 60 | AVG 31
  • Compounding performance: ATL 2,500 | ATH 98,000 | AVG 25,000

Cumulative staked veDough

$ added to Treasury (converted from DOUGH)

Compounded vs Distributed

Participants vs tot Holders

Usage per Period

Next Steps Subject to Poll Results

  1. Continue compounding with the current cadenceOnce every month, on the first available Wednesday that falls 2 weeks after the Slice distribution
  2. Review these stats in 6 monthsFeb 2023
  • Continue the initiative and review in 6 months
  • Continue the initiative but adjust the review cadence
  • Continue the initiative but don’t review anymore
  • Discontinue the initiative
  • Need more information to vote

0 voters

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Thanks @Adrian.A for sharing this recap.
Overall, I think the compounding initiative had been well received to date, and would vote to maintain that in place, ideally keeping a 6months review in place

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I agree with @gabo, thanks for sharing this @Adrian.A . Can you, at any time, decide to send all or a portion of your SLICE to the treasury to compound? I understand that compounding itself only happens once a month. But how about sending it?

Hey @haredog allow me to try to shed a light

You can indeed send a portion or all your SLICE. You should also be opting-in before the compounding date to assure your address is on the list by the time we start the process (usually during UTC’s morning).

Just to be clear, if you choose to compound, the process will firstly claim all your rewards (A) and send them to your wallet (B), and issue a second transaction to send the amount of SLICE you defined (C) from your wallet (B) to PieDAO’s treasury. The amount of SLICE you choose not to compound will remain in your wallet.

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Hey yo! Below the applicable SLICE/DOUGH rate, valid for all conversions performed as of today September 21th 2022 (details on this spreadsheet ).

1 SLICE = 3.459467 DOUGH

Every address having sent SLICE to the PieDAO Treasury during the past weeks received an equivalent amount of veDOUGH staked + extra veDOUGH to cover the gas spent on the transactions to claim & send SLICE!

1 Like