PowerPool — a protocol for bundling Control Tokens (GTs) such as COMP, BAL, LEND, YFI, BZRX, AKRO and many more.
Contents:
Description of the PowerPool project
PowerPool runs on a simple lending model that is close to the Compound model at first glance. Each GTs owner can put liquidity into a contract and receive an interest rate if there is demand. Anyone can borrow GTs by placing authorized digital assets as collateral.
Minority token holders can extract minimal utility from such tokens for two reasons:
- They cannot influence the vote.
- A significant proportion of these tokens do not generate any income.
The fundamental value of such tokens for a minority holder is close to zero, and the protocols face the problem of voter apathy. PowerPool allows token holders to lend, pool, borrow, generate income from tokens and accumulate governance power in Ethereum-based protocols. The mission of the Power Pool - to expand the usefulness of governance tokens to end users and provide new coordination for decision making in the Defi ecosystem.
Key features:
| Influence of agriculture | Users can receive additional GTs from their holdings. As a result, the user's share is constantly growing as the interest rate is paid in the same governance token. |
| Addressing voter apathy | With yield and LM as incentives, passive token holders will be motivated to pool their GTs into a power pool. If there is demand, these tokens will participate in the vote, increasing the total capitalization of the vote. |
| Accumulation of voting rights | The voting rights, previously distributed among thousands of minority token holders, have proven useless. It can be concentrated in one place through the energy pool and has become a real force in protocol management. |
Developers present to carriers of the CVP power protocol token. This will allow the transfer of protocol control to the active community and liquidity providers.
Additional information
You can read the description of the project on the main page of the site. There are no WhitePaper and RoadMap documents yet. Developers maintain a blog on the Medium platform, where articles are available.
Also, the community is available on social networks:
- twitter;
- telegram;
- discord.
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