From fae2925420a2d9f670f06fc2386d7f9b4124d5ec Mon Sep 17 00:00:00 2001 From: yj Date: Mon, 17 May 2021 14:52:07 -0500 Subject: [PATCH] fix: overview --- protocols/powerpool/overview.md | 14 ++++++++++++++ 1 file changed, 14 insertions(+) diff --git a/protocols/powerpool/overview.md b/protocols/powerpool/overview.md index e69de29..f26215a 100644 --- a/protocols/powerpool/overview.md +++ b/protocols/powerpool/overview.md @@ -0,0 +1,14 @@ +**What PowerPool is all about?** + +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. + +**Index-like products** +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. + +**Power Agent** +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). + +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. + +**CVP Token** +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).