Pickle Finance Docs
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  • πŸ‘‹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 $PICKLE
  • πŸ₯’$DILL
    • What is $DILL?
    • Benefits of $DILL
    • $DILL and Governance
  • 🌽$CORN
    • What is $CORN?
  • πŸ™‹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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  1. PICKLE Token

Uses of $PICKLE

The $PICKLE token admittedly has limited use in its raw (unlocked) form. When timelocked by their user, $PICKLE tokens convert into $DILL, representing an entitlement to a portion of the platform revenues, voting rights, boosts on your farm returns, and more.

The unlocked $PICKLE token can serve as a liquid option against a share of the platform revenue. If the protocol revenue continues to increase, your unlocked $PICKLE (which can be converted to $DILL at the click of a button) should increase in value as well, representing the value of the cashflow you could generate by converting the $PICKLE into $DILL.

An increase in platform revenue would also generate significant upward pressure on the price of the $PICKLE token, not only because of a cash flow valuation, but also because of supply and demand functions. At specific points deemed appropriate to keep in the Pickle treasury, a percentage of platform revenue is used to buy back $PICKLE tokens from the market. If platform revenue increases, the amount of $PICKLE bought back will also increase, putting upward pressure on the price of the $PICKLE token.

These two functions should keep changes in the $PICKLE price moving in the same direction as platform revenue, and reinforce the relationship between the token and the protocol’s success.

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Last updated 2 years ago

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