PieDAO

Full discussion can be found in this forum thread https://forum.piedao.org/t/pip-64-initial-reward-pie-composition/1020/12

Summary

This proposal is to employ a Pie as unique underlying composing the first $ 1.35M SLICE, set to be distributed as of early November to active DAO members. The Pie would be minted by the Treasury Committee employing assets of their choice among those part of the treasury.

Specification

The first Reward Pie (SLICE) would be currently composed of approx 15 different assets, among which a) assets forming the DAO Fee Pot, inclusive of Pie Streaming fees & Exit Fees on incentivised pools charged overtime; b) BAL farmed by LP positions held by PieDAO, c) multiple assets forming the Treasury Proceeds resulting from both the Active Management of treasury assets & Farming strategies deployed by the Treasury Committee.

The above SLICE would result costly to redeem, requiring the seeding of a market for SLICE.

A wiser approach would point instead toward having an exiting Pie as underlying asset of SLICE

Main Benefits

• use of current existing markets, instead of recurring to the creation of new ones,
• self-feeding TVL mechanism for PieDAO
• process could be actively employed to bootstrap liquidity for new pies
• turns rewards from an unmanaged basket to a managed one
• rewards could also become yield bearing, depending on the Pie distributed

Based on the above, the current proposal would suggest to employ either PLAY or BCP as first Pie for distribution within SLICE, to be minted by the Treasury Committee employing assets of their choice among those part of the treasury (thus potentially keeping ready-to-farm assets that could be put to work right away).

What would be the preferred composition of the first SLICE, to be distributed as of early November to active DAO members?