Automated Defi products with enhanced yield and capital efficiency powered by Power Agent smart automation network.
PowerPool protocol offers automated DeFi products such as vaults and smart token baskets built on top of Power Agent automation network executing transactions according to defined strategies.
Project Wiki
PowerPool was launched back in August 2020 as a meta-governance protocol for accumulating governance power in Defi.
Driven by community decisions and major supporters such as Delphi Digital, PowerPool pivoted to developing automated Defi products such as smart token baskets and vaults.
PowerPool’s evolution led to Power Agent - a decentralized automation network designed to reliably execute transactions and automate complex on-chain strategies.
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A solution for distributing protocol fees from the Protocol treasury to CVP stakers.
An autocompounding $TORN Vault that harvests and re-stakes rewards to maximize returns.
PowerIndex is an index focused on providing exposure to Defi market blue chips. It is composed of 8 tokens and is included in CVP liquidity mining program (requires staking PIPT-ETH Sushi LP tokens for receiving rewards)
Yearn Ecosystem Token Index is an index product launched in collaboration with Yearn Finance ecosystem. It provides exposure to Yearn ecosystem projects in a single token.
ASSY is a concentrated bet on AAVE SUSHI SNX YFI tokens launched as the first PowerIndex Dynamic AMM. Weights of tokens are adjusted once per 24hrs according to the relative share of assets M.Caps.SUSHI and AAVE staking or receiving an additional
Capital-efficient StableSwap LUSD - bb-a-USD pool on top of Balancer v2, Liquity, and B.Protocol using automated asset-managers
More decentralized and gas-efficient TORN Vault
The PowerPool DAO’s mission is to develop and manage Power Agent network, automated products (Vaults, Smart token baskets, etc), and to control protocol treasury
The PowerPool DAO roadmap aims to deploy an automation network and automated products on every EVM compatible chain.
PowerPool DAO has 54 governance and product proposals voted prior to May 2022.
Governance Forum
Voting
Power Agent is a general-purpose decentralized autonomous network of Agents for calling contracts (executing transactions) whenever specific conditions are met.
Power Agent has been in operation on Ethereum for more than one year and it is responsible for executing calculation of TWAP prices, capital reallocation in YLA, weights updates in ASSY, join/exit execution via Zap, asset swaps for xCVP and other actions.
Multichain deployment of Power Agent is an essential part of the PowerPool roadmap, enabling complex automated strategies for DeFi products on any EVM-compatible chain/layer.
CVP (Concentrated Voting Power) is the PowerPool native token. It serves the following functions in the protocol:
CVP (Concentrated Voting Power) was launched without VC funding and was distributed to the community contributors (via Community airdrop for ‘testers’), and liquidity providers (via Liquidity mining). While some tokens are reserved for the team, others remain for future liquidity mining programs or other protocol growth activities and are distributed only via governance proposals.
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xCVP is the yield-generating version of CVP.
It allows stakers to earn a portion of protocol fees and participate in governance voting.
Protocol converts protocol fees accrued in different tokens to CVP and adds received CVP amount to xCVP contract balance, which increases xCVP/CVP rate.
There is currently no redemption/minimum locking period for xCVP.
The DAO R&D team works on simulations, data collection & visualization, economic challenges, products prototyping and protocol management.
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Stichting Entities in the Netherlands Jurisdiction are proposed as legal structures that provide the highest level of security and flexibility. A stichting entity can work in any part of the world with any company, bank, hedge fund or capital and still remain truly decentralized.
Anyone who has worked with asset securitisation is familiar with Stiching structures. Dutch Stiching is an orphan entity with separate legal personality that has no (and cannot have) members or shareholders. The stichting is governed and, by default, represented by its board of directors and CEO (usually professional management company or law firm duly licensed under EU regulations).
gonna be so 🔥🔥🔥 @powerpoolcvp + boardroom ushering in a new wave of protocol politics!
— Meltem Demir◎rs (@Melt_Dem) September 19, 2020
meta governance is coming https://t.co/F1O4HCiUAg
1/ Recently came across @powerpoolcvp and was fascinated by the possibility of it capturing a sizable governance stake in the top DeFi projects across the sector. With a slight change, it could even become a governance blackhole. Read my proposal belowhttps://t.co/C7hfk8YRLM
— Medio Demarco (@mediodelphi) August 30, 2020
Very cool $ASSY index implementation from Power Pool - flipping losers and buying winners (instead of the opposite in normal AMM).@powerpoolcvp when #ARSE?
— THORChain #BRINGBACKMCCN (@THORChain) January 29, 2021
THORChain will have synthetic indexes, implementation under research. Perhaps this is the correct design 👊 https://t.co/yHV30YxXMs
🔥HOT OFF THE PRESS🔥
— Paul Veradittakit (@veradittakit) November 12, 2020
📋@powerpoolcvp creates value from governance
🕸️@brave 20m MAUs
💸@panteracapital @FTX_Official invest in @BalancerLabs
🎙️@hasufl discusses ETH2.0
🧑🔧@1inch.exchange v2
🎙️@3lau @Cooopahtroopa chat @AudiusProject #veradiverdict https://t.co/iSWhRQEZjT
YLA has a crazy amount of layers, which makes it a good test case if you are developing on oracle which can peel it to the basic tokens. It goes Balancer -> Yearn -> Curve -> Iearn. pic.twitter.com/x8LSArfJIe
— banteg (@bantg) March 17, 2021
🎱 2 weeks ago, @powerpoolcvp cleverly launched an index of 5 @iearnfinance stablecoin yVaults.
— DeFi Dad ⟠ defidad.eth ≡🦇🔈 (@DeFi_Dad) March 16, 2021
🤔 Unsure which yVault may perform best?
🦍 Consider Yearn Lazy Ape Index $YLA https://t.co/IWqx0rQNjw pic.twitter.com/p5E8jGnuJc
If you're signed up to test @powerpoolcvp in the next few mins (you'd have to have signed up and been whitelisted) here's a few things to know I figured out:
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) August 26, 2020
1⃣Go to https://t.co/yjXwhrE8Kl
2⃣At 2:30 pm PST, we'll all be able to transfer tokens via "the bridge" to xDAI network https://t.co/GZmvRyyk0h pic.twitter.com/xKn67gRsYr
xDAI working its magic with @powerpoolcvp https://t.co/aaBU1XkyWv
— METACARTEL VENTURES (@VENTURE_DAO) August 27, 2020
It's time for meta governance protocol!? 👀#DeFi https://t.co/h932uonN0u
— 1inch Network (@1inch) August 28, 2020
Many congrats 🎉 to @powerpoolcvp on the $CVP token release!
— Gnosis Chain 🦉 (@gnosischain) August 28, 2020
++ 🎱 ⚔️ Powerpool #DeFi running on xDai! ++ https://t.co/xrBdFFESyR
1/ Recently came across @powerpoolcvp and was fascinated by the possibility of it capturing a sizable governance stake in the top DeFi projects across the sector. With a slight change, it could even become a governance blackhole. Read my proposal belowhttps://t.co/C7hfk8YRLM
— Medio Demarco (@mediodelphi) August 30, 2020
We're live with our Alpha.3 featuring the @powerpoolcvp integration, where you can set up your voting wallet and participate in PIP-1
— Boardroom 🗳️ (@boardroom_info) September 14, 2020
We'd love your feedback and bug reports! Drop us a line on the #feedback channel on Discord https://t.co/tgErtFmcaPhttps://t.co/fPwxmnfF6s pic.twitter.com/nRgoQ8QIPa
🎱 A self-balancing governance token index to come from PowerPool protocol... me likey.
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) September 18, 2020
👁️ That'll be interesting and accessible #DeFi exposure!
🌀Indices of GT indices of GT indices.
👏Governance tokenception. https://t.co/BxM1G2nKUG pic.twitter.com/AUEEGr7Tm9
Incredible to see Governance Token Pooling Protocol @powerpoolcvp's Gamma Round in full swing!
— Polygon - MATIC 💚 (@0xPolygon) September 18, 2020
Users spent $1766.55 in gas fees on Ethereum compared to $0.000182 on @maticnetwork#GovernancePowerOnLayer2#Layer2IsHere pic.twitter.com/lkP53itqvH
'Proposal 6: Vesting, Liquidity Mining & Voting Power' has just been put to vote. CVP governance do your thinghttps://t.co/0pqapv4agd
— Medio Demarco (@mediodelphi) September 30, 2020
🎱We proud to announce the first Power Index participant and ecosystem partner: Synthetix ($SNX)https://t.co/QL3QAOpAWG
— PowerPool $CVP (@powerpoolcvp) October 13, 2020
🎱Baby Power Index reached $300k liquidity cap$CVP #PowerPool #MetaGov
1/ #DeFi governance tokens are coming to Matic via @powerpoolcvp!
— Polygon - MATIC 💚 (@0xPolygon) October 19, 2020
👥PowerPool is a meta-governance protocol aimed at accumulating voting power in decentralized protocols and using it based on decisions on its community. PowerPool offers three main products to the ecosystem: pic.twitter.com/WNjjkZ6Fx0
Wrote a Daily about our proposal (9) to improve the liquidity incentive programs for the PowerIndex and CVP ahead of the index's launch next week.
— Yan Liberman (@YanLiberman) November 18, 2020
Disclosure: Delphi Ventures is an investor in PowerPool https://t.co/W6B0UJbZSt https://t.co/eIWcKY5Db4
📺Will share more detail on @powerpoolcvp PowerIndex PIPT later but wanted to get this #DeFi tutorial out sooner!
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) December 5, 2020
😎Happy Saturday #DeFi fam! https://t.co/hJGCTC8Wzc
On Thursday I posted a proposal to the PowerPool community to create a Yearn Ecosystem Token Index (YETI).
— Ryan Watkins (@RyanWatkins_) December 7, 2020
One common question about the proposal was about CVP’s presence in the index.
TL;DR: CVP is an integral part of each PowerPool Index.
1/ https://t.co/tQOGIE98IH
If you're looking for a farming opportunity, @powerpoolcvp launched this YETI Index, and there's 2 farming opportunities for holding YETI:
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) December 10, 2020
1⃣Deposit YETI-ETH Balancer LP and earn $CVP (463% APY)
2⃣Deposit $YETI and earn CVP (528% APY) pic.twitter.com/V13X3BzrnU
On the surface index protocols appear to just be vehicles for passive exposure to cryptoassets.
— Ryan Watkins (@RyanWatkins_) December 22, 2020
However under the hood they're much more powerful than that.
Through meta-governance index protocols may be an attractive DeFi aggregation play through voting power accumulation.
1/ pic.twitter.com/9AvmQFPhR8
Proposal: Yearn yTokens Index https://t.co/GvA6QUlq0U
— banteg (@bantg) January 14, 2021
👏🏻 Another achievement for https://t.co/fLXva1SFRG unlocked - we’ve just added NEW LIQUIDITY PROTOCOL #PowerIndex by @powerpoolcvp ⭐️
— 1inch Network (@1inch) January 20, 2021
This integration allows all our users to get the best rates for 9 DeFi blue chips at once: $YFI $AAVE $CVP $SNX $WNXM $MKR $COMP $UNI $PIPT 🤑 pic.twitter.com/SyDvJRRwNS
1/
— PowerPool $CVP (@powerpoolcvp) January 20, 2021
DeFi ETFs shouldn't be limited by what defines a traditional ETF. Sky's the limit. What about complex automatically traded portfolios based dynamically changing weights in AMM based on strategy and triggers? pic.twitter.com/DGE5MSS7k3
If you were yield farming $CVP by @powerpoolcvp with the PIPT-ETH 80-20 LP in @BalancerLabs, the rewards program ended and migrated to @SushiSwap.
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) February 7, 2021
One might do one of the following:
1⃣Unstake LP + Claim CVP using the (1) link below
2⃣Unstake LP + migrate liquidity to @SushiSwap https://t.co/yUI7QLfl33
🎱 We're excited to announce the launch of #PowerOracle v2 – the key piece of upcoming Dynamic AMM https://t.co/pVJA8Zsyq3
— PowerPool $CVP (@powerpoolcvp) February 9, 2021
🎱 Dynamic AMM will be activated after ~1 day of v2 operation#PowerIndex $CVP
YLA has a crazy amount of layers, which makes it a good test case if you are developing on oracle which can peel it to the basic tokens. It goes Balancer -> Yearn -> Curve -> Iearn. pic.twitter.com/x8LSArfJIe
— banteg (@bantg) March 17, 2021
🎱 2 weeks ago, @powerpoolcvp cleverly launched an index of 5 @iearnfinance stablecoin yVaults.
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) March 16, 2021
🤔 Unsure which yVault may perform best?
🦍 Consider Yearn Lazy Ape Index $YLA https://t.co/IWqx0rQNjw pic.twitter.com/p5E8jGnuJc
🦍Yearn Lazy Ape (YLA) is a yield-earning basket of 5 @iearnfinance stablecoin yVaults on @powerpoolcvp.
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) March 19, 2021
🌊A batched deposit triggers every 24 hrs or whenever $500k is deposited to save us gas.
🔥TLDR One can deposit into YLA for 1.5% of the gas with 1 txn vs a costly ~20 txns. https://t.co/EPvHmlX2Vb pic.twitter.com/K2TVf34XDL
🎱 $YLA successfully migrated to V2 @iearnfinance Vaults!
— PowerPool $CVP (@powerpoolcvp) May 15, 2021
🎱 New version of vaults => bigger APY
🎱 All $YLA functions are enabled from now, thank you for your patience $CVP community pic.twitter.com/vm6C7f2fTJ
🎱 https://t.co/g8j4EdMxXc
— PowerPool $CVP (@powerpoolcvp) June 24, 2021
👋 @binance @cz_binance @BinanceChain @powerpoolcvp
👉 @PancakeSwap
👉 @VenusProtocol
👉 @Mdexswap
👉 @Ellipsisfi
👉 @bakery_swap
👉 @LinearFinance
👉 @autofarmnetwork
👉 @AlphaFinanceLab
👉 @BreederDodo
👉 @CreamdotFinance
👉 @Tokocrypto pic.twitter.com/cRa1etbjX0
https://t.co/ZJM9wRCVrA
— Joel John (@joel_john95) July 16, 2021
A quick primer on token indices and the three prominent projects building them on Ethereum - @powerpoolcvp @indexcoop and @PieDAO_DeFi
Few know it but PowerPool was actually the main inspiration for asset managers in our V2 architecture.
— veFernando | Balancer 🦇🔊 (@fcmartinelli) August 9, 2021
PowerPool gave us precious feedback about how Balancer could become much better and extensible.
Can't show enough gratitude to their amazing team, THANKS! 🙏
.@powerpoolcvp's Yearn Lazy Ape Index allows for diversified exposure to four different @iearnfinance Vaults in a single token, including the crvLUSD Vault.
— Liquity (@LiquityProtocol) August 18, 2021
Learn how to use it here: https://t.co/l9Ifx38w5G
Join us on September 22 🗓 at 2pm UTC ⌚️ for an AMA in the Binance English Telegram group with @GordonGekko_CVP and @SumanovVasily from the @powerpoolcvp Public Team
— Binance (@binance) September 21, 2021
🏆 There will be $5,000 in $CVP to be won, so don't miss out and save the date!
➡️https://t.co/6A44tBLSZI pic.twitter.com/p1naqLptKD
✨ @powerpoolcvp #builtonBalancer to create structured investment products and Smart ETF Pools 👏 Just think of what your project could build?🤔 pic.twitter.com/v1ck8TYHq7
— Balancer Labs (@BalancerLabs) October 26, 2021
📣 @PowerPoolcvp will run smart contracts and bridge to @NEARProtocol through @auroraisnear, NEAR's EVM environment!
— NEAR Protocol (@NEARProtocol) October 13, 2021
The high scalability of #NEAR is perfect for building a new generation of DeFi products with a high level of optimization and low operating costs.
Learn more 🔽 https://t.co/zDesAeykVI pic.twitter.com/F7zRFnSeC6
🎱 PowerPool Community update👇
— PowerPool $CVP (@powerpoolcvp) December 6, 2021
— $LUSD-$staBAL meta pool
— Window Rebalancing pool
— New strats for $YLA
— L1 chains DeFi research
— PowerAgent v3
— Modular PP architecture
🎱 BSCDEFI constituent tokens yield generation soon - Vaults are almost readyhttps://t.co/eTnxxH56Nd
🎱 New product: $LUSD StableSwap pool on top of @BalancerLabs and @LiquityProtocol
— PowerPool $CVP (@powerpoolcvp) February 1, 2022
🎱 ~12% APY generated w/o xtra rewards: Liquity stability pool + $BAL rewards (staBAL pool)
🎱 This solves secondary market liq issue for $LUSD w/o @CurveFinance incentiveshttps://t.co/JMjzFArjfa
Will they buy $ASSY or will they just buy $APE stay tuned to find out
— Darren Lau (Lau, Lau) 👘 (@Darrenlautf) March 17, 2022
the power of DAOs@powerpoolcvp @TornadoCash https://t.co/Ka0e3t3pC9
— Roman S (@rstormsf) April 7, 2022
