Dec 1, 2025 • 4 min read

PIKUP - Vol. 1 - The Inaugural Issue

We are thrilled to launch the very first edition of our weekly newsletter! Our goal is simple: to keep you connected with the heartbeat of the PikuDAO. Every week, we'll bring you a curated mix of high-level macro insights, deep dives into Piku's performance, and stories from our partners who are building the future of finance with us.

🚀 Welcome to Volume 1

We are thrilled to launch the very first edition of our weekly newsletter!

Our goal is simple: to keep you connected with the heartbeat of the PikuDAO. Every week, we'll bring you a curated mix of high-level macro insights, deep dives into Piku's performance, and stories from our partners who are building the future of finance with us.

Whether you're a DAO treasurer, a long-term holder, or just curious about yield-optimized stablecoins, this is your source for truth, transparency, and growth.

Let's dive in.

🌍 Macro Developments

A look at the broader market forces shaping our world.

🇺🇸 United States

Markets Rally: S&P 500 gained 3.7% and Russell 2000 surged 5.52% on a holiday-shortened week. Treasuries rallied amid December rate cut expectations.
Consumer Confidence Drops: Conference Board index fell to 88.7—lowest since April. Consumers citing concerns over "prices, tariffs, and politics."
Fed Signals: The Beige Book noted "widespread" tariff-induced price pressures and slight employment decline.

🇪🇺 Europe

Regional Gains: STOXX Europe 600 climbed 2.35%, Germany's DAX surged 3.23%. Eurozone inflation expected around 2.2%.
UK Tax Increases: Chancellor Reeves announced £26B in new taxes; total tax burden projected to reach 38% of GDP by 2030-31.

🇯🇵 Japan

Nikkei Rallies 3.35%: Driven by soft U.S. data and dovish Fed signals. Tech and AI shares rebounded sharply.
Rate Hike Watch: Core inflation held at 2.8% (above BoJ's 2% target). 10-year JGB yield hit 1.82%—approaching 17-year highs.
Fiscal Stimulus: Japan approved ¥21.3 trillion (~$135B USD) stimulus package.

🇨🇳 China

Markets Advance: CSI 300 rose 1.64%, Hang Seng climbed 2.53% on tech/AI enthusiasm.
Deflation Persists: PPI negative for 37th consecutive month. Industrial profits fell 5.5% YoY in October.
Crypto Crackdown: China intensifying enforcement against virtual currencies including stablecoins.

🪙 Crypto Markets

Bitcoin Volatility: BTC trading between $80,400 support and $97,137 resistance after November's pullback from $126K highs. ~$240M in long positions liquidated during the correction.
Ethereum Update: ETH hovering around $3,100, down ~36% from 2025 peak. Fusaka upgrade launching December 3rd to improve L2 scalability.
ETF Flows: Spot Bitcoin ETFs saw $3.45B outflows in November after adding $6.9B in prior months. BlackRock's IBIT now at $70B AUM.
Japan Tax Reform: Japan planning to cut crypto tax to a flat 20% rate under separate-taxation framework.
Liquidity Outlook: ARK Invest's Cathie Wood expects liquidity conditions to improve in December as Fed policy shifts.

🌐 Looking Ahead

Dec 3: Ethereum Fusaka hard fork goes live on mainnet
Dec 5: U.S. Jobs Report (Nonfarm Payrolls) — key data for Fed decision
Dec 9-10: FOMC Meeting — final Fed meeting of 2025, includes Summary of Economic Projections. Current rate: 4.25%-4.50%
Bank of Japan: Speculation building for possible rate hike in December

📈 Piku Protocol Update

Performance & Stats

The protocol remains healthy and growing. Here are the latest numbers:

USP Appreciation (APY): >14.34% in the last 30 days 🚀
- Our yield strategies are performing exceptionally well, driving significant value back to holders.
Total Value Locked (TVL): $5.5M+
- We've crossed the $5M mark! Thank you to our community for the continued trust.
Backing: Fully collateralized with diversified RWA and DeFi strategies.
Transparency Dashboard: https://dune.com/piku_dao

🏛 Governance

Active Proposal: Proposal 9 - USP Backing Reserve Distribution Update This week, PikuDAO is voting on optimizing our backing composition.

Proposal: Increase BMMF Turkey Stablecoin FX Arbitrage allocation to 65% (Max allowance up to 70%).
Why: The BMMF strategy has shown strong, consistent performance. Increasing this allocation allows USP to capture better yield efficiency while maintaining prudent risk management.
Status: ✅ Passed - The community voted "For" to optimize our backing!

🤝 Partner Spotlight: StableJack

Use Case: Efficient Treasury Management & Runway Extension

This week we're featuring StableJack, one of the key partners in the Piku ecosystem.

The Challenge

For many DAOs and startups, managing treasury funds is a balancing act. You need to extend your runway to survive and build, but you also need to keep funds accessible for operations. Traditional stablecoins offer stability but zero yield, while high-yield DeFi plays often come with lockups or unacceptable risk.

The Solution

StableJack has integrated Piku (USP) into their treasury strategy. By holding USP, they are able to put their idle capital to work without sacrificing liquidity.

"We're using a portion of our treasury on Piku to help extend our runway in an efficient way. This lets us keep access to our funds while earning a steady return, so that we can support ongoing development and operations." — StableJack Team

Why Piku?

StableJack chose Piku to solve the classic "lazy treasury" problem: holding stablecoins preserves value but loses to inflation, while chasing high DeFi yields often risks principal or requires lockups.

Piku (USP) offers the perfect solution:

Institutional-Grade Access: We provide access to sophisticated RWA strategies—like the BMMF Turkey Stablecoin FX Arbitrage—that are typically gated for individual investors or smaller DAOs. This isn't just "yield farming"; it's professional asset management brought on-chain.
Liquid Runway: Unlike locking funds in a 12-month bond or complex staking contract, USP remains liquid. StableJack can hold USP to earn competitive yields, yet still deploy those funds for operations at a moment's notice.
Set & Forget: No need for active portfolio management. PikuDAO handles the strategy allocations, rebalancing, and risk management. StableJack simply holds the token and watches their runway extend itself.

💰 Active Campaigns & Rewards

Earn while you participate in the Piku ecosystem. We have two major campaigns live right now:

1. Zealy Community Quests

Join the "Future of Finance" on Zealy. Complete simple quests, climb the leaderboard, and earn your share of the reward pool.

Alpha: Rumor has it the reward pool might 2X soon. 👀
Action: Join the PikuDAO Zealy Board

2. Merkl Rewards (Pre-TGE)

We are incentivizing liquidity and holding across the ecosystem. Check out these APRs on Merkl:

Hold USP: Earn rewards just for holding USP in your wallet. (~67% APR*)
Hold sPIKU: Stakers are earning ~20% APR*.
Uniswap V4 LP: Provide liquidity to the USP-USDC pool for massive rewards (~246% APR*).
Action: View Opportunities on Merkl

APRs are dynamic and subject to change.

🔮 What's Next?

Upcoming Community Calls: Stay Tuned and Follow us on X for the details
Piku Airdrop: The Piku Airdrop campaign is heating up! Keep engaging with the protocol to earn your spot.

Stay Connected and Hedge against the machine!!

Website | App | Twitter (X)

Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. USP involves risks; please read our documentation and risk disclosures before participating.