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PieDAO(DOUGH)

Total Value Locked$381,212

TVL by Chain

Ethereum$381,212

The chart plots Staking as its own series; it is not part of the TVL above.

Key Metrics

Staked$0

Treasury$60.36

Majors$1.92

Stablecoins$30.46

Own Tokens$0

Others$27.99

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Protocol Information

PieDAO is the decentralized community building ETF products known as pies. Their offerings provide diversified exposure to both DEFI and the wider cryptocurrency ecosystem, with baskets of tokens automatically rebalancing to maintain set allocations. All decisions are made as a community, with members using the DOUGH token to vote on proposals. DOUGH also provides holders with a share of the fees generated by the DAO's products. The platform aims to simplify decentralized finance with automation and minimize risk with diversified portfolios reducing exposure to any one single asset.

Category:Indexes

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubTreasury: Value of tokens owned by the protocol

Competitors

PieDAO history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Nov 24, 2020 to Oct 18, 2026.

All-time high TVL: $28.05m on May 13, 2021. All-time low TVL: $357,469 on Sep 16, 2026.

Daily TVL, Sep 19, 2026 to Oct 18, 2026

DateTVL
Sep 19, 2026$418,095
Sep 20, 2026$409,571
Sep 21, 2026$416,463
Sep 22, 2026$427,097
Sep 23, 2026$431,394
Sep 24, 2026$413,150
Sep 25, 2026$431,965
Sep 26, 2026$440,468
Sep 27, 2026$423,110
Sep 28, 2026$425,713
Sep 29, 2026$425,281
Sep 30, 2026$424,308
Oct 1, 2026$418,790
Oct 2, 2026$431,158
Oct 3, 2026$434,479
Oct 4, 2026$440,128
Oct 5, 2026$448,524
Oct 6, 2026$441,371
Oct 7, 2026$435,509
Oct 8, 2026$411,692
Oct 9, 2026$392,017
Oct 10, 2026$398,688
Oct 11, 2026$404,187
Oct 12, 2026$414,394
Oct 13, 2026$384,856
Oct 14, 2026$398,669
Oct 15, 2026$385,246
Oct 16, 2026$391,614
Oct 17, 2026$383,730
Oct 18, 2026$380,148

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$2.25m
Dec 31, 2024$1.79m
Jan 31, 2025$1.8m
Feb 28, 2025$1.32m
Mar 31, 2025$1.36m
Apr 30, 2025$1.44m
May 31, 2025$1.36m
Jun 30, 2025$1.22m
Jul 31, 2025$1.39m
Aug 31, 2025$1.45m
Sep 30, 2025$1.37m
Oct 31, 2025$1.19m
Nov 30, 2025$993,580
Dec 31, 2025$945,565
Jan 31, 2026$880,245
Feb 28, 2026$711,224
Mar 31, 2026$714,040
Apr 30, 2026$782,122
May 31, 2026$724,290
Jun 30, 2026$596,125
Jul 31, 2026$668,007
Aug 31, 2026$946,406
Sep 30, 2026$424,308
Oct 18, 2026 (latest)$380,148

TVL at each year end, Dec 31, 2020 to Dec 31, 2025

DateTVL
Dec 31, 2020$7.96m
Dec 31, 2021$12.44m
Dec 31, 2022$1.5m
Dec 31, 2023$1.73m
Dec 31, 2024$1.79m
Dec 31, 2025$945,565

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/piedao

Frequently asked questions

What is PieDAO's TVL?

As of Oct 18, 2026, PieDAO has $381,212 in total value locked. TVL has increased 0.7% over the past 30 days.

What chains does PieDAO operate on?

PieDAO operates on Ethereum. Ethereum holds the largest share at 100%.

How does PieDAO's TVL compare to similar protocols?

Among Indexes protocols tracked by DefiLlama, PieDAO ranks #14 by TVL. The category holds $306.09m across 74 protocols, and PieDAO accounts for 0.1% of that total. Other leading protocols include SoSoValue Indexes, Enzyme Finance, Reserve Protocol, Chamber Vaults, Index Coop, Set Protocol, Asymmetry Finance, Alongside, Cryptex V1, and SHPRD.

Does PieDAO have a treasury?

PieDAO has a tracked treasury currently valued at $60.36. Its holdings include $30.46 in stablecoins, $1.92 in major assets, $27.99 in other assets.