Welcome to the first ever Pickle Finance community blog.
I hope it is a great resource to stay up to date with what’s been going on and celebrate the community.
Let’s dive into the brine!
PIP 17 went into effect, re-allocating 5% of rewards from the PICKLE/ETH LP (70% — 65%) to prenBTCCRV (5% — 8%) and pDAI (2% — 4%).
This proposal makes Pickle a highly attractive option for those keeping their funds in BTC, so spread the word today!
The community passed a vote removing withdrawal fees with 85.33% support.
This will make using Pickle’s pools even more attractive and raise total value locked. …
DEFI++ is an industry first, an index of DEFI indices containing 13 industry-disrupting assets.
DEFI++ is a 70 / 30 weighted balance of DEFI+L and DEFI+S, our large and small market cap DEFI indices.
Just like DEFI+L and DEFI+S, DEFI++ automatically rebalances, has zero streaming fee, and can be staked in our liquidity pool for 20k DOUGH of weekly incentives!
You can get hold of DEFI++ directly through our web interface with Eth, with an option to mint your own pie (which sources the underlying assets through Uniswap and other providers), or buy directly from the market.
To celebrate the announcement we were curious to examine how our community’s flagship product would have performed in the recent DEFI downturn. …
Attention all master-chefs. Combine your pie baking and sushi making skills by providing liquidity in SushiSwap’s incentivised DOUGH / ETH pair. You don’t want to miss this pool, it’s is currently earning a mind-blowing 5,861% APR!
The pool will run for the next week only, so head over to the kitchen now!
Enjoy your delicious Sushi.
We moved our DOUGH/ ETH pool to a new staking contract, incentivising migration with an extra 15% this week! …
Update from the bakery:
You can now liquidity mine our DeFi indices and governance token DOUGH on Loopring.io. We’re incentivizing all three pairs, so get involved today.
The incentives will go live approximately eight hours after this post.
After a landslide poll in the community discord all three of our tokens are paired 50/50 with ETH: DeFi+L/ ETH, DeFi+S/ ETH, and DOUGH/ ETH.
Loopring.io is a game-changing non-custodial L2 DEX.
Once traders have moved their funds onto the L2 they can trade with zero fees and a fully scalable order book experience. …
It’s been a busy week of baking at PieDAO, with changes to improve governance, reduce pie minting costs, a brand new pie proposal and much much more. Let’s dive in.
A new voting app is live that enables DOUGH v2 voting.
DOUGH v2 voting has been highly anticipated from the community and we’re looking forward to record-breaking engagement in upcoming decisions.
You can explore the contract here.
Pie-crust is a module that simplifies the PieDAO voting experience. It adds together both DOUGH v1 and v2 to calculate voter weight. Pie-crust has been fully audited, so let’s get voting!
Oven is our attempt to reduce the friction to minting new pies by lowering the gas cost. With Oven users can pool their Eth and mint pies together in batches, sharing the gas cost. …
It’s been a busy week of baking at PieDAO.
So what’s been cooking?
DeFi+L launched successfully, providing easy exposure to a basket of the largest DeFi projects.
The seven underlying tokens are COMP, AAVE, UNI, LINK, MKR, SNX, and YFI.
The successful DeFi+L launch was followed by the introduction of our DeFi+L / ETH 70 / 30 staking pool.
This pool uses a brand new staking contract based on Ampleforth’s token-geyser. …
You can now invest in seven of the largest DeFi projects and put your portfolio to work in our liquidity pool.
Even better, thanks to a program voted in by DOUGH holders we’re incentivizing liquidity providers, with 150k DOUGH available to earn across all pools this week.
But that’s not all. The DeFi+L / ETH 70/30 staking pool has been launched with a brand new staking contract based on Ampleforth’s token-geyser multiplier. You can earn up to 3x your share, with the multiplier growing over time and maxing out after eight weeks.
DOUGH is the DAO’s governance token, earning holders a share of any fees generated by the protocol and enabling voting on all future decisions. …
Newly launched DeFi+L index took DeFi by storm this week, providing investors with a decentralized index containing seven of the largest DeFi projects.
With today’s update DeFi+L investors can now put their balanced DeFi portfolio to work, providing liquidity in our 70 / 30 balanced DeFi+L pool.
This week the community is providing a staggering 150,000 DOUGH to further incentivize liquidity across multiple pools.
Today’s news follows a week of unbelievable staking incentives for liquidity providers, with APR fluctuating between 370%-420%.
The DOUGH will be distributed accordingly:
DeFi+S / ETH 70 / 30 pool: 20,000 DOUGH to earn.
DeFi+L / ETH 70 / 30 pool: 20,000 DOUGH to earn. …
It’s finally here.
Decentralized finance is taking the world by storm and rapidly challenging the established economic system.
Need proof? Last month decentralized exchange Uniswap overtook Coinbase with $15b volume, and there’s currently $10.5 billion locked in DeFi protocols.
DeFi+L provides easy exposure to this emerging economy. A basket containing seven of the largest DeFi projects, DeFi+L allows investors to buy one token and relax as it automatically rebalances.
What’s more, by spreading your investment across a wide range of established projects you’ll be investing in DeFi with the minimum possible risk.
DeFi+L is made up of a choice selection of seven of the largest DeFi assets. …
There’s never been a better time to move to decentralized finance.
Tl;dr: The new 0x API (v1) is optimised to bring you lower cost trades. It does this by accounting for gas costs in smart order routing, leading to an average 70% less gas used than the last iteration (v0) and cheaper trades than existing alternatives.
Until now most people have gone directly to Uniswap to trade their Ethereum (ERC20) tokens. It’s interface is simple, with users able to swap their ether (Eth) for wrapped bitcoin (WBTC), dollars (DAI) or over 200 different tokens in one transaction at the tap of a button. …