What is Powerpool (CVP)?

PowerPool is an ecosystem-based metagovernance protocol from Smart Indicators. It makes performance metrics available to users and offers a new level of decision making and coordination for the DeFi ecosystem.

The ecosystem of the PowerPool products is called PowerUniverse. This ecosystem includes: PowerIndex, Power Agent (decentralized cross-chain oracle based on Uniswap TWAPs).

What is power agent?

Power Agent is a decentralized cross-chain oracle that provides a free rate feed based on Uniswap TWAP for the Ethereum, xDAI and Matic networks. PowerOracle is based on a special incentive model for price reporters and fishermen that offers up to 50% APY for quotes and uses CVP as an in-game interface through CVP staking.

Power Agent is managed by Poker Agent and Fishermen. Every roll is required in order to wager CVP as a deposit. The address with the largest deposit becomes the poker agent while the rest becomes the fisherman. The poker agent is responsible for performing all operations in the power poke chain, while the fisherman is responsible for handling the poker agent in the event of errors. Poker Agent and Fisherman are both rewarded for their work on the CVP.

What is PowerIndex?

PowerIndex is an intelligent portfolio of pools powered by Balancer AMM that is fully community managed and uses pooled tokens to add value for index token holders:

• Metagoverance – reconciliation in aggregation protocols. That is, if the index includes COMP as a component, then that index will be used to vote for the Compound Protocol and CVP token holders will decide how the protocol will vote. This applies to all governance tokens in the PowerPool index.
• Safe strategies. PowerPool indexes use tokens from the pool in contracts to generate more cash flow for index token holders. This means that owning Index Token users will also have future cash flows associated with efficient use of the pooled assets.

There are currently four community-driven portfolios:

• PIPT The PowerIndex is an index that focuses on making blue chips visible in the DeFi market. It consists of 8 tokens and is included in the CVP liquidity mining program (requires staking PIPT-ETH Sushi LP tokens in order to receive rewards).
• YETI – The Yearn Ecosystem Token Index is an index product that was launched in cooperation with the Yearn Finance Ecosystem. It provides access to Yearn ecosystem projects in a single token. The Sushi YETI-ETH couple is included in the onsen program and enables the receipt of APY in the form of SUSHI tokens.
• ASSY- ASSY is a bet that focuses on four DeFi protocols: Aave, SushiSwap, Synthetix and Yearn. This is the first indicator launched with Dynamic AMM (DAMM).
• YLA – Yearn Lazy Ape is a cash flow generation index comprised of five Yearn v2 Stablecoin Vaults LP tokens. Each Vault LP token accumulates interest in stablecoins over time. YLA offers multiple insights into Vault in a single token.

Basic information about the CVP token

• Token name: PowerPool concentrated voting power
• ticker: CVP
• Blockchain: Ether
• Token standard: ERC-20
• contract: 0x38e4adb44ef08f22f5b5b76a8f0c2d0dcbe7dca1
• Token type: Leadership
• Total offer: 100,000,000 CVP
• Circulation supply: 22,318,114 CVP

Token assignment

• All CVPs are mined through liquidity mining.
• The project development team has no tokens.
• The project also does not allow pre-mining.

What is CVP token used for?

• Administration.
• Add / remove admin token.
• Incentivize users to other activities such as liquidity mining and empower them to promote the protocol

CVP token storage wallet

CVP is an ERC20 token, so you have many wallet options to store this token. You can choose from the following wallets:

• Floor purse
• Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
• Cold wallets: Ledger, Trezor

How to Earn and Own CVP Tokens

• Buy directly on the exchange.
• Join Liquidity Mining.

Where can I buy and sell CVP tokens?

Currently, CVP is traded on many different exchanges with a total daily trading volume of approximately $ 26.5 million. Exchanges listing this token include: MXC, Binance, Huobiglobal, Uniswap, OKEX, Gate.io …

What is the future of the Powerpool project, should I invest in CVP tokens?

Powerpool is a protocol that gives users access to smart portfolios through a single index token. Currently, Powerpool allows users to access 4 types of investment portfolios including: ASSY, PIPT, YLA, YETI. Powerpool is operated via CVP (a governance token of the protocol), the potential benefit of this token in the future depends on the CVP token holders doing a good job in the governance of the protocol. Through this article, you must have some understanding of the basic information about the project in order to make your own investment decisions. CoinCu is not responsible for your investment decisions. I wish you every success and a lot of profit from this potential market.