PIP-43 YPIE Liquidity Rewards

Summary Introduce a 60k $DOUGH reward (total over 3 weeks) for LPs to the YPIE/ETH pool on Uniswap V2, starting from January 29th, 4pm UTC.

Motivation PieDAO is entering the growth phase of its journey to bring financial empowerment to everyone on the planet. As part of our initiatives to bring Pies in the hands of as many users as possible, we would love to introduce $YPIE Liquidity Rewards.

$YPIE is the first PieVault from PieDAO, a boundary-pushing new product line that combines the convenience of a passively held, diversified basket of assets with automated active strategies to generate the highest possible returns.

Each PieVault includes a carefully curated, balanced portfolio of crypto assets that are intrinsically productive: yield-maximising strategies (e.g. staking, lending, yield farming) are applied to each individual asset automatically. This asset appreciation is reflected in the price of the PieVault, constantly growing as the underlying tokens generate yield.

In addition, PieVaults benefit from a much more secure architecture than traditional smart pools, while also not being subject to AMM risk.

Finally, and a significant milestone for the DeFi ecosystem, all tokens within PieVaults that have governance power are delegated, and will be meta-governed by $DOUGH holders, significantly reducing the barrier to entry for governance participation.

This new liquidity program would be an initial trial run lasting for 21 days. In the future we are looking forward to continuing to work closely with Sushiswap, including the possibility of double yield via the Onsen program.

NOTE: In order to maintain the current reward cap to 150K DOUGH/week in total, it's here proposed to reduce by 20k DOUGH/week the current incentive programs, specifically:

• DOUGH/ETH pool, from current 80K DOUGH/week, to 70K DOUGH/week;
• BCP pool, from current 30K DOUGH/week, to 20K DOUGH/week

Specification Total reward: 60k DOUGH (total over 3 weeks) Program initial duration: 3 weeks, starting from Jan 29th, 5pm UTC Incentivised pool: $YPIE/$ETH on Uniswap V2, to be established Rewards liquidity: 20% liquid, 80% escrowed over 52weeks