Pickle Finance Docs
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  • 👋Intro to Pickle Finance
  • Where does Pickle Finance operate?
  • What types of Jars does Pickle have?
  • Risks of Yield Farming
  • Contributing to Pickle Finance
  • 🍯 Pickle Jars
  • Intro to Pickle Jars
  • Current Jar Strategies
    • Ethereum Network Jars
    • Polygon Network Jars
    • Arbitrum Network Jars
  • Fees
  • The Jar APY - The Math Behind Compounding
  • 🚜Farms
  • Introduction
  • Farm Weights
  • Farm APR Explained
  • Jars and Farms Walkthrough
  • Security
    • Audits and Timelock
      • Smart Contract Audits
      • Timelocks & Multisig
  • PICKLE Token
    • How to get $PICKLE
    • Tokenomics and Emission Schedule
    • Uses of $PICKLE
  • 🥒$DILL
    • What is $DILL?
    • Benefits of $DILL
    • $DILL and Governance
  • 🌽$CORN
    • What is $CORN?
  • 🙋FAQs
  • Main FAQ
  • Appendix C - Previous Docs
    • Old Docs
      • Pickle Jar Strategies
      • Navigating Pickle Jars & Pickle Farms
      • What are Pickle Jars?
      • Fees
      • Security
      • Emission Schedule
      • General
      • PICKLE/ETH Farm
      • Lock PICKLEs for DILL
        • Deposit into Pickle Jars
        • Farm Weight Voting
      • Farm with your pTokens
      • Farm Weights
      • Boosted Rewards
      • What are Pickle Farms?
      • pJar 0.99
      • pJar 0.88 (Inactive)
      • pJar 0.69 (Inactive)
      • pJar 0.00
      • Pickle Jar Strategies
      • What are Pickle Jars?
      • Revenue Sharing
      • DILL Governance
      • DILL Vote Locking
      • How to Get PICKLEs
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  • $DILL is....
  • What are the benefits of holding $DILL?
  • How do I get $DILL?
  • How much $PICKLE for a $DILL?
  • Disclaimers on $DILL

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  1. $DILL

What is $DILL?

$DILL is....

A governance utility token received when users lock $PICKLEs for a set amount of time. Holding $DILL allows users to participate in vote-locking, which is a modified form of governance staking. This prevents governance attacks and aligns incentives between voters and long-term holders.

Since $DILL is a governance utility token, what sort of influence do DAO members have on influencing Pickle's development?

$DILL allows users to participate in a soft form of governance, meaning that $DILL can only influence directly the logic in those contracts of the protocol in which $DILL governance has been enabled fully or partially.

At the moment, the only contract that has $DILL governance enabled on-chain is the Gauge Proxy, which determines how emissions to farms in the Ethereum mainnet are distributed. Notably, there are farmed emissions outside of the Ethereum mainnet and there are also uses of emissions outside the farms. None of these are controlled directly by $DILL.

However there are imminent plans (within the last quarter of 2022) to allow for cross chain emissions to be controlled directly by $DILL holders! Stay tuned.

What are the benefits of holding $DILL?

$DILL (sometimes known as vePICKLE or vote-escrow Pickle) provides holders with several benefits. These benefits are:

  • Participation in ‘soft governance’: 1 $DILL represents 1 vote and allows participation in activities such as Snapshot voting and on-chain governance

  • Farm Weight Voting Rights: $DILL holders get to set which farms get $PICKLE emissions

  • Boosted Farm Rewards of up to 2.5x, $DILL holders get additional weighting in the Pickle farms

  • Weekly Revenue Share: 100% of weekly revenues to be paid out to $DILL lockers, of which 50% is represented by the Treasury

  • Anti-Dilutive Reward: another reward paid out in $PICKLE to $DILL distributions

These benefits are explained in detail here.

How do I get $DILL?

How much $PICKLE for a $DILL?

$DILL represents your balance of $PICKLEs that have been vote-locked, weighed for the time remaining in the lock. The longer the time remaining in the lock, the more $DILL you will have for the same amount of locked $PICKLEs.

Disclaimers on $DILL

With $DILL, the following things are NOT possible:

  • Decreasing your lock time

  • Decreasing the amount of $PICKLEs locked

  • Transferring your $DILL balance to another wallet

Once a $DILL lock is created, the lock will continue on your wallet address until expiry and cannot be transferred or undone in any way. Creating, extending, and increasing locks are irreversible actions.

Decaying $DILL balance

Your $DILL balance will decrease linearly over time. Your $PICKLE tokens do not decay. All funds are safu.

Towards the end of your lock, your $DILL balance will approach 0. On expiry of your lock, all of your deposited $PICKLE tokens will be released at once – you do not need to perform an “unlock transaction” or anything of the sort.

The only two ways to mitigate this decay are to:

  • Extend your lock or increase your lock with more $PICKLEs

  • Re-lock your dilutive rewards received

PreviousUses of $PICKLENextBenefits of $DILL

Last updated 2 years ago

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Users who are willing to deposit and lock up their $PICKLE tokens for a period of up to four years will be rewarded with $DILL. Lock your $PICKLEs for $DILL .

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