PieDAO belongs to a community DAO that focuses on tokenizing automated wealth-forming strategies. A decentralized autonomous organization (DAO) is an open-source blockchain protocol based on specific rules that automatically perform several actions without intermediaries. According to the gitbook, the platform aims to build a self-driven wealth creation machine. The medium envisions passive wealth, and people control their financial future. The PieDAO community is completely decentralized, whose work is to govern the product ecosystem designed to make a future possible with self-controlled finances.

Furthermore, the core product of PieDAO is Pie. Pie are baskets full of assets represented with one easily manageable ERC-20 token. However, the Pies are backed by the underlying assets, redeemable at any time. Pies can be built either as PieVaults or Balancer Smart Pools. In Smart Pools, the tokens get used in an automated market maker (AMM) that keeps up the set percentage allocation as users interact with the liquidity pool. During the interaction with the pools, swap fees are gathered for pie holders that aim to grow their balances constantly. AMM is the set of fundamental rules that powers all decentralized exchanges (DEXs). Liquidity pool allows users to trade crypto on decentralized exchange (DEX) and DeFi platforms. PieVaults seek to employ each underlying asset actively with the yield-generating strategy; strategies can be staking, lending, and more. Moreover, YPIE was the first PieVault, giving total exposure to the Yearn Finance Ecosystem.

The core principles of the platform aim to be the following:

DOUGH is the governance token of PieDAO. DOUGH drives the entire ecosystem of PieDAO that allows people worldwide to decide on product creation, strategies to deploy, and which asset to include. Moreover, DOUGH Staking makes a value accrual mechanism for token holders by promoting long-term alignment and rewarding active participation with currency flow in the DAO.

However, the other product of PieDAO is Oven that aims to mint new pies without high gas cost. Multiple users mint pies in the same transaction, share the cost between each participant, and save up to 97% of the cost. Minting uses the proof-of-stake mechanism to generate new coins and adds them to circulation for trading. Thus, PieDAO seeks to build the future with automated wealth creation for anyone.