Proposal 58: launch the PowerPool Ecosystem Growth fund and a grants program

Proposal 58: launch the PowerPool Ecosystem Growth fund and a grants program

I propose to create a PowerAgent Ecosystem Growth Fund and allocate 10% of the CVP TTS (10m CVP) to it.

The primary purpose of this fund is to issue Integration/Building Grants to developers for integrating the PowerAgent automation into their protocols and applications. This funding should provide a solid support for PowerAgent adoption across multiple chains over the next few years.

The typical grant amount should be $10k-$20k in CVP equivalent.

Funds allocated to the Ecosystem Growth Fund should be locked in the contract and have the option to be released only based on the governance decisions of CVP holders. This new token allocation should be considered an update of PowerPool token metrics.

The widespread adoption of the PowerAgent Keeper Network is of paramount importance to PowerPool. Hence, we should stimulate developers to integrate PowerAgent solutions in their protocols during the first stages of PowerAfent deployment.

Issuing integration grants for accelerating protocol adoption and ecosystem growth is a widely-used approach in web3. Moreover, an ecosystem growth fund will boost developer relations with PowerPool, serve as a starting point for PowerAgent’s widespread adoption across multiple networks, and ultimately facilitate the establishment of its brand name.

Many teams are still running protocols using centralized bots (or aiming to use them) for automating protocols’ operation. This approach has been deprecated as it has multiple drawbacks (sacrificing protocol decentralization and introducing single failure points is the major). The integration grants would provide the necessary funding for solving the centralization issue by enabling PowerPool-powered automation.

The details of this proposal are as follows:

  1. Allocate 10% of CVP total token supply (or 10m CVP) for the PowerAgent Ecosystem Growth Fund
  2. Funds could be transferred from the contract only after governance approval for each case
  3. The size of each grant should be in range of $10,000 – $20,000 paid out in CVP according to the CVP market price. The grant amount should be paid out in tranches based on achieved milestones.
  4. Each team applying for a grant should make a public topic on the PowerPool governance forum and get approval from CVP holders via governance voting.
  5. If the team/project is aiming to receive a grant larger than $20,000, multiple grant applications could be made for specific stages of development
  6. Any changes to these rules should be approved via governance

I support this proposal!
Developers are very important, the introduction of PowerAgent v2 in DeFi protocols is a let to the growth of the entire PowerPool ecosystem!
Great idea for a fair system of control and approval of grants!

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I’m in! Ready to participate. Glad to see that the project is constantly developing

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What criteria? Where to see technical requirements and possibilities for my my project?

This will encourage growth and expansion of the PowerPool protocol in other tools or apps, which in result should turn into adoption. Are there more details?

The criteria are pretty broad, basically we are looking for Task Owners to exemplify the use of PowerAgent automation with real world use cases, on Ethereum, or GnosisChain or BNBChain initially. The more tasks outsourced to PowerAgent the better. Bonus points for developing task templates for common tasks that others can use as well.

Good post Legit Testnet Task. Experience Awesome smoothly working

what will the PowerPool ecosystem be built on?

The full roadmap and strategy for PowerPool DAO is laid out in complete detail in the Notion Project Wiki. Accessible here:

Questions and comments about the Wiki has its own channel in the PowerPool Discord here:

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In terms of technology platform, PowerAgent is already bundled with DAppNode, and anyone can add PowerAgent to their Ethereum validator node stack to earn more ETH.

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ohh thanks for the details