Pie DAO (DOUGH)

Basics

• Launched in 3-2020.
• Mainnet release:
• Based in:
• From their FAQ (23-3-2020):

"Pie Dao is a decentralized network of individuals back-testing and reaching consensus on asset allocations that we call: Pies. The Pie DAO is a decentralized organization dedicated to bringing accessibility and economic empowerment to anyone with an internet connection. The DOUGH token holders are the decision makers in the DAO, anybody in the public community is invited to support these efforts. A Pie aims to leverage the power of decentralized finance to create an inclusive platform for economic empowerment for everyone by democratizing the access to best in class asset allocations strategies, removing minimum capital requirement and massively reduce fees; allowing everyone equal access to the global financial marketplace."

• From The Defiant (10-4-2020):

"PieDAO, last month launching a more decentralized way of creating ETF-like structures; anyone can propose new funds (called PIEs) and members of the PieDAO organization can approve these proposals. 

The first such fund was issued two days ago: BTC++. It holds four different versions of Bitcoin for Ethereum tokens — these are tokens issued under Ethereum’s ERC20 standard but linked to the price of Bitcoin and often backed at 1-to-1 with actual BTC. BTC++ holds XBTC, sBTC, pBTC, imBTC.

Ethereans who want exposure to Bitcoin but want to stay in the Ethereum ecosystem, and are unsure of which version of tokenized BTC they want to buy, or want to hedge the risk of one version breaking, can buy this basket of tokens."

Audits & Exploits

• There is no evidence of a PieDAO Bug Bounty program (1-10-2021).
• Scored 82% on DeFi Safety (1-10-2021):

"PieDAO's has had 4 audits performed . All of the reports were published before the specific contracts' mainnet launches. Most fix recommendations were implemented by the PieDAO team."

• Previously scored 85% (3-5-2021): "PieDAO has had 4 audits preformed on the protocol, as seen on their GitHub. There were concerns about too much assembler making the code difficult to maintain and many issues found (though largely resolved)."

Governance

Admin Keys

• DeFi Safety (1-10-2021):

"a) All smart pool contracts are clearly labelled as upgradeable at https://docs.piedao.org/technical/updating-a-smart-pool-implementation

b) There is a description of the PieDAO MultiSig at https://docs.piedao.org/technical/multisigs.

c) Capabilities for change in contracts are described in software specific language; https://docs.piedao.org/technical/updating-a-smart-pool-implementation

Pause Controls is clearly explained at https://docs.piedao.org/technical/untitled#features-and-use-cases, but there is no evidence of any regular tests."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed here.
• Built on: Ethereum, BSC

Liquidity Mining

• Announced a liquidity mining program (14-10-2020).

Their Projects

DEFI+S

• From the announcement (12-9-2020):

"PieDAO is expanding its offering with an index designed to give diversified exposure to key building blocks in the DeFi space.

Since the launch of our community, members have asked for a DeFi 🥧 that could match their needs. With DEFI+S and his bigger brother DEFI+L, the community kicks off a new phase of the DAO introducing composability between Pies, more sophisticated indexes, and a rebalancing mechanism.

We are very excited to announce that DEFI+S will be the first Pie with DOUGH rewards for liquidity providers!"

• From Bankless (11-11-2020):

"Similar to the PieDAO’s Large Cap ETF, the Small Cap DeFi ETF features a concentrated basket of tokens, forcing investors to have a higher conviction on the underlying tokens.

Specifically, ~64% of the ETF comprises of just REN and UMA, the cross-chain liquidity protocol and generalized derivatives protocol. While both assets have performed substantially well since the beginning of #DeFiSummer2020, given these two assets represent the large majority of the portfolio, you should be comfortable being long on the respective assets."

DeFi+L

• An index product (14-10-2020).
• From Bankless (11-11-2020):

"Regardless, PieDAO’s Large Cap DeFi ETF holds 7 assets in the portfolio, and is the only index to offer LINK exposure. Given Chainlink continues to act as an increasingly important piece of infrastructure as a decentralized oracle provider, it’s worth mentioning for the avid LINK Marines given it represents 18.8% of the portfolio."

DeFi++

• From Bankless (11-11-2020):

"For those that are struggling to choose between the DeFi+S and DeFi+L, PieDAO recently launched the DeFi++ which is a combination of both ETFs into a single, tokenized (and highly diversified) investment vehicle."

YPIE

• From DeFi Prime (28-12-2020):

"PieDAO is launching the Yearn Ecosystem PieVault, or YPIE."

Roadmap

• Can be found [Insert link here].

Members, Funding, Partners

Members

• Full team can be found here.

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