PieDAO is an asset allocation DAO for decentralized market-weighted portfolio allocations. PieDAO enables anyone to create tokenized portfolio allocations for both crypto and traditional assets. These are called “PIEs” which are non-custodial pools available to anyone in the world with an internet connection. PIEs require no minimum deposits for users. PieDAO is governed by DOUGH tokens. Token holders are able to collaborate and vote on weighting, risk assessment of the assets, rights and fees of the pools.
Currently, PieDAO has released two Pies, BTC++ and USD++. Both Pies are non-custodial Balancer Smartpools, so can be allocated and rebalanced regardless of which asset is used, effectively providing liquidity providers with passive income in the form of trading fees. BTC++ is composed of several BTC representations currently weighted 25% WBTC, 25% sBTC, 25% pBTC, 25% imBTC. USD++ is a weighted allocation of USD-denominated Ethereum (ETH)-based stablecoins (47.22% USDC, 28.58% TUSD, 20.42% DAI, 3.78% sUSD). Both BTC++ and USD++ combine multiple Ethereum-based versions of an asset to mitigate the risks of any one asset suffering from illiquidity or malicious activity.
How to use Piedao?
You can mint Pies by providing all the underlying assets according to weights to a non-custodial smart-contract, which will deliver the Pie to your Ethereum wallet. Pies can in turn be used as an asset to provide liquidity to other pools.