The creators of PieDAO, a decentralized organization aiming to bring market accessibility and economic empowerment by providing a governance layer to tokenized portfolio allocations available to anyone on the Ethereum network; has announced its launch.
PieDAO enables users to participate in the creation of a tokenized portfolio allocation which might include exposure to digital and traditional assets (via synthetic asset); PieDAO calls these allocations “PIEs.”
Each “PIE” is available 24/7 on the Ethereum network, with no minimums and low fees shared by the community. Each of the PIE is always redeemable for the underlying assets.
PIEs are designed for composability, meaning that once core allocations are in place, they can be bundled together to create even more stable and resilient allocations.
“Passively managed funds are eating the world of finance and we have none in crypto and no decentralized option for traditional assets. Until now. At PieDAO, we believe that the future of investing is passive and permission-less, therefore we are working to solve these problems by democratizing access to top-quality passive investment strategies and governance of the underlying indexes.”
– The PieDAO team
Governance of PieDAO
$DOUGH is the PieDAO governance token. Owning DOUGH makes you a member of PieDAO. Holders are capable of participating in the DAO’s governance votes and proposing votes of their own.
Token holders get to collaborate and vote on the weight, risk assessment of the assets in the PIEs and what are the right and fair fees.
Once consensus has been reached, the specs of the PIE get notarized through a DAO vote.
If the members of PieDAO did a good job, the PIE gets traction and accrues fees that are charged in the underlying assets of the portfolio allocation and collected into a fee pot, fees are then redeemable by participants in governance.
More complex governance mechanism will be developed for PieDAO in the near future; which will include:
- Staking of tokens and rewards.
- Delegation to elected governors.
- Two different classes of voting.
- Crypto economic system design against free-riding.