PieDAO Liquidity Rewards Guide

Summary

Bankless DAO community members can help generate revenue for the DAO by participating in the PieDAO Liquidity Referral Rewards Program. Read the proposal for more info.

How to Participate

PieDAO launched DOUGHpamine Liquidity Rewards on two Sushiswap pools, for which LPs are offered significant incentives:

• PLAY / DOUGH - 373.57% APR at current liquidity levels & DOUGH price

• DOUGH / ETH - 292.64% APR at current liquidity levels & DOUGH price

Not only is Bankless DAO generating revenue, participants are rewarded as well.

Add liquidity to PLAY / DOUGH

The contract address for the PLAY / DOUGH pair on Sushiswap is 0xaf491D603DB3c1138a5ee5DB35Eb0C7b6c4541a2

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To add liquidity to this pool, click this link to navigate to the pool pair on Sushiswap.

• Click the "Add Liquidity" link in the top right corner of the page

• Choose amount of PLAY and DOUGH you would like to deposit

• Confirm the transactions to approve both PLAY and DOUGH

• Confirm the transaction to deposit both PLAY and DOUGH

1. Once you complete your deposit, you will receive SLP tokens which need to be staked on PieDAO to earn LP rewards.

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Navigate to the PieDAO staking page using this link to generate referral rewards for Bankless DAO and LP rewards for yourself.

• Navigate to the "Products" button and select "Farms + DOUGHpamine"

Select the PLAY/DOUGH farm

1. Confirm the transaction to approve SLP tokens

1. Confirm the transaction to deposit SLP tokens.

Add liquidity to DOUGH / ETH

The contract address for the DOUGH / ETH pair on Sushiswap is 0x97f34c8E5992EB985c5F740e7EE8c7e48a1de76a

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To add liquidity to this pool, click this link to navigate to the pool pair on Sushiswap.

• Click the "Add Liquidity" link in the top right corner of the page

• Choose amount of DOUGH and ETH you would like to deposit

• Confirm the transactions to approve both DOUGH and ETH

• Confirm the transaction to deposit both DOUGH and ETH

• Once you complete your deposit, you will receive SLP tokens which need to be staked on PieDAO to earn LP rewards.

💡

Navigate to the PieDAO staking page using this link to generate referral rewards for Bankless DAO and LP rewards for yourself.

• Navigate to the "Products" button and select "Farms + DOUGHpamine"

• Select the DOUGH/ETH farm

• Confirm the transaction to approve SLP tokens

• Confirm the transaction to deposit SLP tokens.

Congrats! What now?

Now that you've added liquidity and staked SLP, you will begin to earn DOUGH as your LP rewards and Bankless DAO will also earn DOUGH for referring your liquidity.

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It's important to note that not all LP rewards will be immediately available to you. Currently, 20% of LP rewards are liquid and 80% are escrowed for 52 weeks.

When you use the claim rewards button, both liquid rewards (DOUGH) and escrowed rewards (eDOUGH) will be added to your wallet. eDOUGH cannot be transferred or sold but can be used to vote in Snapshot. 52 weeks after claiming LP rewards, eDOUGH will have to converted to DOUGH.

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Disclaimer! This guide is only for information. It is not financial advice and users should conduct their own research. The education guild has put together some additional resources you may find helpful below.

Additonal Resources

 

To learn more about the DOUGHpamine Liquidity Rewards, check out this Medium article or read the forum discussion.

You can also watch these 2 videos explaining liquidity pools and impermament loss