PieDAO is a DAO (Decentralized Autonomous Organization) that deals with decentralized and weighted asset allocations.
In fact, this DeFi protocol allows anyone to create tokenized portfolio allocations for cryptographic and traditional assets.
These allocations are called “PIE”, hence the name PieDAO, and are made up of non-custodial pools available to anyone.
Two PIEs have already been issued, BTC++ and USD++, both non-custodial Smartpool Balancers that distribute passive income in the form of trading fees to liquidity providers.
BTC++ is composed of several bitcoin-based assets, weighted as follows: 25% WBTC, 25% sBTC, 25% pBTC, and 25% imBTC.
USD++ is composed of stablecoins on Ethereum pegged to USD, namely 47.22% USDC, 28.58% TUSD, 20.42% DAI, and 3.78% sUSD.
The objective of this DAO is to bring more accessibility to the market by providing a level of governance to tokenized portfolio allocations on Ethereum.
Therefore, on the one hand, there are the allocations, i.e. PIEs, while on the other, there is the DAO.
The DAO enables the creation and management of passive and permissionless financial products, democratizing access to high-quality passive investment strategies and the governance of the underlying indices.
In fact, PieDAO allows anyone to create a tokenized portfolio allocation including exposures to both digital and traditional assets, through specially defined synthetic assets.
In this way, PIEs are available to all, globally, 24/7, with no minimum investments and low rates. In addition, each PIE is always redeemable for the underlying assets, and can in turn be grouped into more stable and resilient groupings.
The objective of PIEs is also to reduce risks by including not only one asset in each allocation, but more assets that actually dilute the risks for investors.
DOUGH, the token of PieDAO
The DAO also has its own governance token, DOUGH, whose ownership involves being a member of PieDAO. In fact, its owners can take part in votes on the governance of the DAO, and propose their own, for example on the weight of assets, risk assessment, or fees.
These tokens are not yet transferable but could be exchanged for an equivalent transferable token in the future once the DAO reaches maturity.
A more complex governance mechanism will also be developed in the future that will include:
- two different voting classes,
- a design of the crypto economic system to combat free-riding.
PieDAO was born from months of discussion among several active players in the DeFi space and is an open community committed to strengthening financial freedom.
In this way, anyone can participate, take part in governance, and create their own PIEs.