The PowerPool protocol was launched in August 2020, without any VC funding or public sale. Tokens were distributed through a community airdrop and a liquidity mining program. Currently, PowerPool DAO is developing a Power Agent network and aims to create an ecosystem around it. The DAO’s treasury holdings are approximately 41.1 million CVP, which is equivalent to about 12 million USD.
Following Governance proposal 58, the DAO has allocated 10 million CVP, or around 3 million USD, to fund developers who will integrate Power Agent automation into their own protocols and applications, or contribute to protocol development. This funding will be provided through grants.
Apply for grantPower Agent V1 operated successfully on the Ethereum Mainnet from October 2020 to March 2023.
Power Agent V2 has been running successfully on the Goerli and Sepolia testnets since November 2022, having passed numerous tests and security audits. Currently, the testnet continues to operate on Sepolia. Additionally, we have launched Power Agent contracts on the Gnosis Chain, Ethereum Mainnet, Arbitrum, Polygon and Base. Soon, we plan to expand to Optimism, Linea, Blast, zkSync and Scroll.
Currently, these contracts use tCVP for staking, but with increased network reliability, they will migrate to the CVP token for staking.
