What Is PieDAO?
PieDAO is a project that creates thematic crypto investment funds. These funds comprise various crypto assets bundled together and tokenized to offer a tradable basket.
Background
PieDAO is a community-run project that started in 2019.
How It Works
PieDAO has launched several funds, such as DEFI++ and PLAY, which represent Ethereum’s DeFi and metaverse ecosystems. By tokenizing these funds, PieDAO enables investors to gain broad and passive exposure to several themes in the crypto market while avoiding high gas fees.
PieDAO’s governance and fee-sharing token, DOUGH, allows users to earn a share of the fees generated by the protocol. Users can lock DOUGH tokens for up to 3 years to obtain veDOUGH tokens. These dough tokens allow users to vote on governance proposals and determine the composition of assets in each investment fund.
Key Takeaways
- PieDAO is a project that creates thematic crypto investment funds, offering investors broad and passive exposure to various themes in the crypto market.
- The project has launched several funds, including DEFI++ and PLAY, representing Ethereum’s DeFi and metaverse ecosystems.
- The funds comprise various crypto assets bundled together, tokenized, and offered as a tradable basket.
- DOUGH is PieDAO’s governance and fee-sharing token, allowing users to earn a share of the fees generated by the protocol.
- Users can lock DOUGH tokens for up to 3 years to obtain veDOUGH tokens, giving them voting rights on governance proposals and determining the composition of assets in each investment fund.
