Investing in DeFi can be a little overwhelming. There are a lot of different projects and getting your head around all of them to take a pick can be quite frustrating.

Luckily there's a simple way to get exposure to a big chunk of the DeFi ecosystem in a convenient and safe manner. By safe I mean safer than investing in just a single project. That's safety through diversification.

What is PieDAO?

PieDAO is an asset allocation decentralized autonomous organization (DAO) for governing tokenized portfolio allocations.

In a nutshell PieDAO offers 3 indexes (called pies) to get exposure to DeFi projects:

DEFI+L: combines the top 7 DeFi projects by market capitalization. The allocation of each part is defined by the DAO. You can find more information here

This is the current allocation:

DEFI+S: combines 6 smaller market cap projects that have great potential. You can find more information here

This is the current allocation:

DEFI++: combines DEFI+L and DEFI+S in different proportions. More information here

You can get these pies in two ways:

1) The easy way: Clicking on the buy botton on PieDAO's website, which takes you to the Balancer exchange

2) You can mint or issue pies by providing a single asset (ETH):

or all the underlying assets: 

And that's about it. In a few simple clicks you can get yourself into the best of DeFi without breaking a sweat.

On my next article I'll show you how to earn DOUGH (PieDAO's governance token) by providing liquidity to a Balancer pool and staking those LP tokens.

Hope you found this information useful.

And if you wish to get into this please DYOR and don't invest more than you are willing to lose.