PowerPool has an ecosystem of intertwined products. The PowerPool indexes allows crypto investors to diversify their risk into great projects, or have a higher concentrated bet into the tokens they want, generate active income from holding these projects, all in a manner that is as simple as holding just one token representing the underlying assets. PowerPool also has its own oracle, PowerOracle that it uses to actively return real time accurate price feeds that are openly available for use by anyone, maintained by validators called “fishermen”.
PowerPool has superior, audited, secure tech constantly being pushed out by a maestro development team as well as an engaged community that helps push the protocol forward, that help differentiate it from its competitors. In the coming few weeks the product will allow the permissionless launch of new indexes, dynamic weight changing of the underlying assets of the index so that you keep more of the best performing assets without having to buy, sell or lift a finger. On top of that, you will be able to generate income from the underlying protocols by staking the assets you own all handled by the index making it super easy.
All these benefits and we haven’t even spoken about the potential of the CVP token that is used to govern the decisions made in this protocol. The fees generated by users that interact with the product go to a community treasury that is governed by CVP holders. CVP holders vote on protocol upgrades, changes and everything concerned with the project. “Active” CVP holders will be able to stake their CVP, and receive more CVP similar to xSUSHI that purchases CVP from the market using fees generated by the indexes, creating a positive feedback loop of buying pressure.
PowerPool has a fantastic community that has grown, we are getting new community members joining and we are considering the launch of a management board that will further improve the efficiency of our project and open up new avenues for growth.