Pickle Finance · interactive mechanism simulation

A Controller re-weights PICKLE emissions across stablecoin pools by peg deviation — farmers chase the fattest reward toward the cheapest stablecoin, nudging it back to $1. Harvested yield auto-compounds in pJars, and a performance fee buys back & burns PICKLE.
Farmers deposit stablecoin LP Emission Controller weights PICKLE by peg gap Stablecoin pools DAI $1.000 USDC $1.000 USDT $1.000 weights: DAI 33% · USDC 33% · USDT 33% pJar Vault auto-compounds harvest 0.0 ETH TVL Buy & Burn performance fee → PICKLE 0 PICKLE burned
Farmer deposits
0
PICKLE emitted
0
Jar TVL
0.0 ETH
PICKLE burned
0
Avg peg deviation
0 bps
Parameters — edit me
1.5×
5/blk
1.5%
1.0/s
1.0×
Controls

Nov 21, 2020: the Controller's swapExactJarForJar trusted caller-supplied jar addresses. An attacker passed two fake jars and drained 19.7M DAI from the pDAI jar — Jar TVL below shows the collapse. Pickle's response: an emergency setMin(0), a public post-mortem, and days later a merger of talent into Yearn.

Illustrative simulation. Peg prices, emission weights, and deposit sizes are randomized for visualization — not live onchain data. Defaults mirror the researched mechanism (dynamic peg-weighted emissions, pJar auto-compounding, ~1.5% performance fee to buyback-and-burn, and the 2020 evil-jar exploit). Part of The Onchain Experiment Atlas.