The Pike PIU Program (abbreviated as the PPP) is Pike’s spin on a typical points program designed for the community.
Rather than earning points with no value, the PPP will instead distribute the $PIU token. $PIU is claimable on both Base and Solana (coming soon), and can be transferred between these two networks via Wormhole.
Many points programs are initiated without clear goals or endpoints, leaving participants uncertain about their value. That's why we've created $PIU with multiple utilities in mind:
If you're looking for immediate gains, you can trade your $PIU after claiming.
Holding $PIU can also secure your participation in the Pike Community Presale.
Additionally, $PIU serves as a live beta-testing platform for launching a natively multichain token using Wormhole’s Native Token Transfers (NTT). This provides invaluable insights before we extend the same approach to Pike’s dedicated protocol/governance token.
If you want to know more about why need PPP and $PIU, please read - https://mirror.xyz/pikefinance.eth/VP2ZIDxO5YcBARV8kQvFRHn5gIr1yWgAbID3IJskChQ
The supply of $PIU will be limited to an initial cap of ~27B tokens, and will only be earned through our PPP. This supply cap was calculated from estimated deposit and borrow amounts, and it’s possible that the max supply could be increased if the interest in the protocol outweighs our estimates.
If you want to know more about the emission, please read - https://mirror.xyz/pikefinance.eth/CdZ27d3SQV-XeZbJQXoPAKbIkCC2oZlOkGhZIBqlKHk
You can earn $PIU within the PPP like you typically earn points in other programs; by engaging within the Pike dApp and performing supply or borrow actions. We also offer community-oriented Discord roles, which will increase your $PIU allocation substantially.
Every $1 you supply, you’ll earn 10 $PIU per day.
Every $1 you borrow, you’ll earn 20 $PIU per day.
Each role in S Tier will get 1,000,000 $PIU
Each role in A Tier will get 500,000 $PIU
Each role in B Tier will get 250,000 $PIU
Each role in C Tier will get 100,000 $PIU
Example:
If you have 2 roles in Tier C then you will get 200,000 $PIU. If you have 1 role in Tier C and 1 role in Tier A, you will get 600,000 $PIU
If you want to know more about the role allocation and why we decided that, please read - https://mirror.xyz/pikefinance.eth/KhMctzFrT52rU1_GhXWvlCKA3r7dMEw5lk_a5TvE9N0
The $PIU you earn from supply and borrow actions in the Pike dApp can be claimed daily.
The $PIU you get from role allocations will only go live in batches (e.g. per tier), meaning $PIU will be emitted gradually over the course of the PPP, rather than all at once at the beginning.
One point to note is that if you did not earn the roles before the snapshot, you will not be eligible to claim $PIU. If you fall into this category, $PIU earned from roles will not be claimable until the next PPP event (i.e. after Pike’s Community Presale).
If you want to know more about the $PIU claim of role, please read - https://mirror.xyz/pikefinance.eth/CdZ27d3SQV-XeZbJQXoPAKbIkCC2oZlOkGhZIBqlKHk
Please make sure you have the roles in our discord server first. To avoid confusion, it only displays the qualified roles on platform when it's available to claim(that means snapshot taken)
Only the claimable allocations will display at this moment, the allocation of other roles will display when it's available to claim
We don’t publish the snapshot time in advance to prevent the sybil activity. we will announce when the allocation of each tier can be claimed, and that means snapshot will be taken before the announcement already
You can check the #role-guide channel in our Discord, which lists whether a role is open or closed. The following roles have been closed at the time of publishing:
Early / Beta Tester / Beta MAXI / Optimistic / Arbinauts / Based / Monfriends / Pythian / Floppy / Prismatican
Since we have 4 tiers for different roles, we will announce when each tier is ready to claim.
$PIU will be immediately tradable, which means that you can sell your claimed $PIU to take a profit, or you can buy more in anticipation of the Pike Community Presale.
The more $PIU you hold, the higher the chances you will earn a guaranteed allocation in Pike’s Community Presale.
Tier Ranking within the PPP is measured on a relative basis (ie. your $PIU holding relative to everyone else’s). There are 4 Tiers within the ranking (Tier 1, 2, 3, General), with Tier 1 being the highest achievable tier.
Tier Ranking within the PPP will correspond to the Whitelist Tiers for the Pike Community Presale. Holders who obtained Whitelist Tiers must burn $PIU in exchange to participate in the Pike Community Presale.
Detail information on the Pike Community Presale will be revealed in a separate blog post in the near future.