⚙️Overview
Last updated
Last updated
The Piku ecosystem encompasses all the essential components required to cultivate the ideal currency, ranging from incorporating a decentralized platform to ensuring transparent, DAO-led governance exercised by the token holders. Below is a concise introductory overview of our main products.
Piku stablecoin is designed with a focus on stability and yield optimization, starting with an initial backing of 100% USDC. This approach ensures that at launch, Piku has a solid and reliable foundation. Over time, the governance of Piku, managed by its decentralized autonomous organization (DAO), will enable the community to vote on incorporating a mix of assets, both on-chain and off-chain, to back the stablecoin. The objective is to gradually diversify Piku's backing with assets that could include on-chain assets readily available for integration, as mentioned in the provided table, as well as real-world assets (RWAs) and low-risk investments like Treasury bills (T-bills). This strategy is aimed at making Piku resistant to inflation by carefully selecting assets that are expected to maintain or increase in value over time, thereby preserving the purchasing power of Piku stablecoin holders.
A Web3 platform is being built to securely facilitate the minting and redemption of Piku tokens, as well as the DAO governance. The platform will be accessible by users who connect their digital wallets and users who verify their identity.
PikuDAO’s mission is to establish a fully decentralized decision-making process, focused on determining the economics of the optimal store of value currency. PikuDAO leads the future direction of Piku by utilizing a governance process with its governance token $PikuG.
Our ecosystem is structured around three pivotal tokens: $USP, our yield optimized stablecoin designed to offer stability and resilience against market volatility; $PikuG, the governance token empowering PikuDAO members to steer the project's direction through democratic voting; and $vePikuG, a representation of voting power in the DAO's governance, obtained through the locking of $PikuG tokens. Each token plays a crucial role in ensuring the functionality, security, and community-driven governance of our ecosystem. The following sections will provide a comprehensive overview of these tokens, outlining their mechanisms, use-cases, and how they collectively contribute to a decentralized and inclusive financial future.
Yield optimized stablecoin: $USP
Governance token: $PikuG
DAO Voting Power Token: $vePikuG
