mirror of
https://github.com/Instadapp/boardroom-inc-protocol-Info.git
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{
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{
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"cname": "powerpool",
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"cname": "powerpool",
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"name": "Powerpool",
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"name": "Powerpool",
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"description": "",
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"description": "PowerPool is a decentralized protocol for automatically managed token portfolios, and smart indices. The protocol uses capital stored in portfolios/indices for generating additional yield from staking, vaults, and meta-governance.",
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"path": "powerpool",
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"path": "powerpool",
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"previousPaths": [],
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"previousPaths": [],
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"folder": "powerpool",
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"folder": "powerpool",
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"suffix": "CVP",
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"suffix": "CVP",
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"coinGeckoPriceString": "powerpool-concentrated-voting-power",
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"coinGeckoPriceString": "powerpool-concentrated-voting-power",
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"tokenContractAddress": "0x38e4adb44ef08f22f5b5b76a8f0c2d0dcbe7dca1",
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"tokenContractAddress": "0x38e4adb44ef08f22f5b5b76a8f0c2d0dcbe7dca1",
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"isEnabled": false,
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"isEnabled": true,
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"hasOnchain": false,
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"hasOnchain": false,
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"claim": {
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"claim": {
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"isClaimed": false,
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"isClaimed": true,
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"claimer": "",
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"claimer": "0x2339e475b7458261a0ef97d2836a99b9e890581e",
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"signature": ""
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"signature": "0x3082f6bbba76c5362e85ae5b6ee32345f399df989a21831fa51018b37adf74ff23cc0bab23306fff37c8429168df8e62b1d85e9d84dae19911bc6081e20d4d3e1c"
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},
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},
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"isHybrid": false,
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"isHybrid": false,
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"hasDelegation": false,
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"hasDelegation": false,
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**What PowerPool is all about?**
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PowerPool is a decentralized protocol for automatically managed token portfolios, and smart indices. The protocol uses capital stored in portfolios/indices for generating additional yield from staking, vaults, and meta-governance. PowerPool is governed by CVP token holders, including protocol upgrades, new indices, portfolio strategies, and usage of meta-governance power.
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**Index-like products**
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PowerPool indices and automatically traded portfolios are built on top of Balancer AMM and use the capital for meta-governance and staking (coming soon). Protocol architecture allows launching a broad variety of products including indices/portfolios with complex rebalancing strategies/dynamic weights changing, productive usage of assets/meta-governance, including indices composed of derivative tokens. Currently, the CVP community launched four products: PIPT, YETI, ASSY, and YLA.
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**Power Agent**
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Power Agent (or Power Poke) automatically executes on-chain maintenance operations such as TWAP prices, rebalancing AMM weights, processing batched transactions, and executing asset swaps for xCVP (Coming Soon).
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Power Agent is managed by two agents - Poker Agent and Fishermen. Each role is required to stake CVP as a deposit. The address with the largest deposit becomes the Poker Agent, while the rest become Fishermen. The Poker Agent is responsible for performing all of Power Poke’s on-chain operations, while the Fishermen are responsible for slashing the Poker Agent if there’s any failure. The Poker Agent and Fishermen are both rewarded for their work in CVP.
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**CVP Token**
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CVP is a Governance token that governs the PowerPool protocol. CVP holders vote to approve protocol upgrades, new indices, portfolio strategies, treasury management, and usage of meta-governance power. Power Agent maintainers use CVP as a deposit and get reward in CVP. In addition, protocol fees are distributed to holders staking CVP to xCVP(coming soon).
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