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| PowerPool Concentrated Voting Power 
| #CVP
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| CVP Price: | $0.031 | | Volume: | $139.5 K | | All Time High: | $17.62 | | Market Cap: | $2.3 M |
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| Circulating Supply: | 74,155,991 |
| Exchanges: | 8
| | Total Supply: | 100,000,000 |
| Markets: | 8
| | Max Supply: | 100,000,000 |
| Pairs: | 30
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The price of #CVP today is $0.031 USD.
The lowest CVP price for this period was $0, the highest was $0.031, and the exact current price of one CVP crypto coin is $0.03077.
The all-time high CVP coin price was $17.62.
Use our custom price calculator to see the hypothetical price of CVP with market cap of ETH or other crypto coins. |
The code for PowerPool Concentrated Voting Power crypto currency is #CVP.
PowerPool Concentrated Voting Power is 4.6 years old. |
The current market capitalization for PowerPool Concentrated Voting Power is $2,281,940.
PowerPool Concentrated Voting Power is ranked #693 out of all coins, by market cap (and other factors). |
The trading volume is medium during the past 24 hours for #CVP.
Today's 24-hour trading volume across all exchanges for PowerPool Concentrated Voting Power is $139,505. |
| The circulating supply of CVP is 74,155,991 coins, which is 74% of the maximum coin supply. |
| Note that there are multiple coins that share the code #CVP, and you can view them on our CVP disambiguation page. |
Proposal 56 implementation details
This post is devoted to the explanation of Proposal 56 implementation that the CVP holders recently approved: Post on the PowerPool governance forum with all the details and motivation behind Proposal 56: gov.powerpool.finance, The Snapshot voting results: snapshot.org, The takeaway from Proposal 56: Proposal 56 states: “Deprecate (1) PIPT (2) YETI (3) ASSY (4) YLA 1 (5) PowerAgent v1 by executing the following steps: Excluding deposit options and withdraw-only mode in PowerPool dApp UI for all mentioned Defi products and PowerAgent v1, switching off all automatic tx execution, moving mentioned products to the particular ‘Legacy’ section with UI warning and notifying the community about deprecation.”, The following steps will be done to implement all changes: All automatic PowerAgent v1 tasks, such as ASSY weights update, TWAP oracles, and others, will be stopped within a week., The only exception will be ZAP for YLA. The ZAP will operate for one more month to allow YLA users to withdraw their funds via ZAP., All tech issues with products, preventing withdrawals will be solved, The deposit option for all legacy products will be removed from PowerPool UI/UX, After a month left for YLA withdrawals, ZAP will be shut down. We want to point out that withdrawals from YLA will be available after this month as well, but users will need to pay the full amount of gas for it. Note that smart contracts of all legacy produ... 
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A notice on the PowerPool Governance tech update
Dear PowerPool community! During the last month, we worked on preparing the testnet of the latest PowerAgent v2 version. At the same time, the community would need to define the future of PowerPool through collective decision-making, like fixing up things with PowerPool legacy products, allocating testnet rewards, and much more. To make the governance process smooth & easy, the custom ‘PowerPool version’ of the Snapshot governance implementation (which included voting using xCVP and LP token of Univ2 CVP/ETH) will be substituted with the original Snapshot governance, available on the official Snapshot website:The new PowerPool Snapshot link: snapshot.org So, what $CVP holders need to know regarding this update: Users can now vote using only CVP on the wallet’s balance. The CVP balance in xCVP and CVP/ETH can no longer be used for voting., We plan to add other sources of votes (the Keeper node and LP positions) in the future by adding tech features (already developed and tested in the ‘PowerPool version’ of Snapshot governance) to the Snapshot., Snapshot governance is now available using the link: snapshot.org, All legacy proposals — 55 of them, will still be available in the old Snapshot and on-chain governance (for proposals, voted before snapshot implementation). In the future, we could migrate them to the original Snapshot to have all voting history., We aim to deprecate the legacy products and est...
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What’s next for PowerPool in 2023? Dev recap & roadmap
Introduction - Some time ago PowerPool changed focus from developing Defi products for end-users to further developing the decentralized and autonomous network for automatic smart contracts execution. Read more about PowerPool pivot and our vision for the automatic smart contracts execution: Automation Agent Networks: The missing layer of DeFi 2.0 infrastructure, PowerPool/PowerAgent Roadmap Checkpoint: 2 years, The first version of this network, PowerAgent v1, was built by the PowerPool team and successfully operated from late 2020 to late 2022. After analyzing other existing automation solutions for smart-contracts execution and applying our automation and Defi products building experience, we developed a brand new concept of a genuinely decentralized and permissionless network for smart contracts execution — PowerAgent v2. After months of stealth development, testing, and conducting academic research on the most critical problems of smart contracts automation networks, we are thrilled to present the current results, roadmap, and other important information to the PowerPool community. — The results of working on PowerAgent v2 - In recent months the PowerPool DAO team dedicated significant resources to PowerAgent research and development. The work that was done can be divided into several logical sections: Code development, testing, deployment, UI/UX, and security audits, Network growth and analytics, Academic...
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PowerAgent v2: FAQs
Smart contracts don’t execute themselves; the evolution of DeFi requires automation Based on experience gained since early 2020, PowerPool has for some time been developing the next iteration of our autonomous decentralized automated smart contract execution networks for projects running on any EVM compatible chain. Now audited and ready for initial tests with $CVP-staking Keepers looking to earn fees, PowerAgent v2 will replace PowerAgent v1, launched in late 2020, and serve as the primary automation tool powering existing and future PowerPool investor products. Alongside building and auditing the code of PowerAgent v2, the PowerPool Research team has already published two in-depth articles describing the need for DeFi automation in general and the innovations offered by the new PowerAgent v2 architecture: — Automation Agent Networks: The missing layer of DeFi 2.0 infrastructure - or Smart Contracts don’t Execute Themselves, Part 1. Link to Part 1 TL/DR: As DeFi becomes ever more complex, protocols and users need increased (ideally autonomous and decentralized) automation to operate transparently and trustlessly while reducing user involvement and gas costs. DeFi is rapidly evolving from requiring all interactions to be done (and gas paid) mainly BY USERS, to most, if not all actions being done by automation FOR users, making their DeFi experience smoother, cheaper and easier. Most major DeFi protocols are developi...
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PowerPool/PowerAgent Roadmap Checkpoint: 2 years
Thoughts, reflections, conclusions, and future plans Some reflections on what we learned during the first 2 years of building PowerPool/PowerAgent. Recently, we created a condensed version of what we have accomplished in the last two years at PowerPool: https://powerpool.finance/story/ We analyzed the PowerPool journey and summarized what we have learned so far. The results of our observations were the rationale for our near-term protocol strategy focusing on the deployment of v2 of the PowerAgent automation network on different chains and building automated products on top of it.How it all started PowerPool was launched as a meta-governance protocol. After the community-driven update, PowerPool was focused on solving one challenge in particular: enabling efficient decentralized diversified DeFi indices/token baskets available to all. Early PowerPool innovations included:pooled meta-governance (Aug 2020)staking tokens from an AMM in a third-party contract for yield (Dec 2020, released early 2021)decentralized autonomous automation network solution & infrastructure (early 2021)Our reflections on index markets after active participation in them for 1.5 years Too early? We believe it is still too early for most Defi investors to favor diversified baskets/indices. To date, all existing Defi baskets/indices hold a very small percentage of their underlying assets’ circulating supply. Even at the peak of the last bull m...
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PowerPool’s UI/UX update: ETH.LIMO + Filecoin for robustness and decentralization
Introduction The main problem with centralized infrastructure is that there will always be a single point of failure within the system; when the centralized service provider goes down, the platforms and products that rely on the service provider become unusable and inaccessible. Of course, smart contracts are always available while the Ethereum network operates correctly, but without UI/UX the majority of ordinary users cannot really use them. This is the main reason that we have moved the PowerPool website off of the IPFS Gateway powered by Cloudflare to decentralized ETH.LIMO gateway.How does the PowerPool website work now? PowerPool’s website is hosted on IPFS, which means that all the files needed for the webpage’s UI/UX are stored in IPFS. However, we needed to link it to the domain name to provide easy browser access to the webpage based on these IPFS-hosted files. We originally used Cloudflare IPFS Gateway as the ‘link’ between the two. However, after the latest issues with Cloudfare, we decided to move to a more decentralized alternative such as ETH.LIMO. The main feature of ETH.LIMO is that it has the ability to bond IPFS-hosted content with ENS domain names, which allows it to host the UI/UX of dApps without relying on centralized infrastructure. However, IPFS isn’t the ultimate solution for hosting data since it has the persistency problem that comes down to the issue that storage and replication aren...
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Introducing ppTORN: an auto-compounding strategy for tornado.cash $TORN governance staking
Today we are thrilled to announce ppTORN — a vault that allows users to maximize $TORN staking returns thanks to PowerPool’s auto-compounding algorithm.How does it work? ppTORN is a smart contract that aggregates user deposits into the tornado.cash governance staking contract. The ppTorn vault harvests and auto-compounds $TORN rewards (protocol fees); ppTORN uses a smart algorithm for harvesting and re-staking which allows it to compound the rewards for Tornado token holders while reducing overall gas costs.We calculated that during 2 months user generated 61% APY in ppTORN vs 52% for direct staking without Vault.In order to replicate ppTORN user should spend 0.57ETH during 2 months. It is important to point out, that the user pays ONLY for ERC20 transfer and doesn’t pay for staking operation into Tornado.cash contract, harvest, and re-stake operation. In order to build this product, The PowerPool research and development team ran experiments that processed on-chain data of the Tornado.cash governance staking contract which revealed that there are optimal time conditions for compounding TORN income:ppTORN research: balance, gas-adjusted position vs harvest/re-stake period We used on-chain data for the first two months of operation and then we used the TORN 2.0 tokenomics model to estimate a staker’s income in different scenarios of harvesting and re-staking. The results revealed that ppTORN allows users to gen...
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PowerPool recent updates and development roadmap
During the recent month, there was a lot of stuff going on in PowerPool, mainly on the development and R&D side. This article shares what is going on in the project with the community.A strategic focus on smart automated products We published two papers on LUSD Balancer v2 pool[1],[2]. This product is a combination of StableSwap pool launched on top of Balancer v2 which can redirect profits from ETH liquidations from Liquity Stability Pool (and mining LQTY tokens). It means that such a product generates a substantial AMM yield without additional token rewards. Besides that, this stablecoin yield product has the following features:It’s a first-ever AMM stablecoin pool yield product generating an additional yield from crypto market downtrend (ETH liquidations)This product generates more APY when the market is highly volatileWe can consider it as a “safe short” stablecoin position since it generates more yield is the market is going down, at the same time being stablecoin yield product without risks of losing capital is the market will go in the opposite direction (growth) This product will be built on top of Balancer v2, Liquity, and B.Protocol. The implementation scheme is following: So, we made simulations based on available on-chain data, and for liquidations-rich January 2022, APY was around 24%. After that, we shared all our results with Balancer, Liquity, B.Protocol and received positive feedback and demonstrati...
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Enhancing yield and capital efficiency of Balancer v2/Liquity LUSD pool model
Abstract This article is an update to the previously published LUSD-staBAL Balancer v2 pool model. In a recent publication, we demonstrated the possibility of creating a StableSwap AMM pool offering substantial yield by staking tokens in third-party contracts, resulting in ~10.7% APY after protocol fees. However, after exploring yield opportunities in Balancer v2 ecosystem, we decided to replace staBAL LP token with a-bb-USD — an LP token of another Balancer v2 stablecoin pool. This pool implements the brand new Boosted Pool concept and generates additional yield by lending DAI/USDT/USDC tokens on AAVE.In LUSD-a-bb-USD pool, each stablecoin will generate cashflows to an AMM using AAVE or Liquity protocols. Also, we decided to use B.Protocol for executing liquidations instead of PowerPool in-house solution. It will accelerate the development of this pool, decrease risks and gas costs, and allow PowerPool to focus on asset managers’ implementation. Since a-bb-USD pool is a brand new pool in Balancer v2 and historical on-chain data is not available for the initial period of 1 OCT — 25 NOV 2021, we decided to run an experiment for 1 JAN — 30 JAN 2022 period. LUSD-a-bb-USD pool created by PowerPool is built on top Balancer v2, Liquidity, B.Protocol, and AAVE protocols.LUSD-a-bb-USD pool generated 19–24% APY during the observation period depending on market conditions. The mentioned APY is achieved without a...
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PowerPool introduces first yield harvesting StableSwap pool built using Balancer v2 and Liquity
This pool fully utilizes Balancer v2 architecture and PowerPool automated asset managers offering ~12% APY without any additional rewards Note: recently we published a significant update to this model. It utilizes the Balancer Boosted Pools and offers much higher APY.SummaryHypothetical LUSD-staBAL StableSwap built on top of Balancer v2/Liquity/PowerPool generated ~12% APY without any additional rewards allocated to it;Such a result was achieved by depositing LUSD into Liquity Stability Pool and harvesting ETH/LQTY proceeds in the AMM pool. LUSD was used for swaps and contributing to Liquity system stability at the same time;StableSwap pools with asset managers potentially could solve secondary market liquidity issue for some other stablecoins independently from Curve/other DEX protocol incentives;Introduction StableSwap AMM — an AMM for swapping stablecoins with low slippage was introduced by Michael Egorov, Curve founder in late 2019. Early 2020 it was launched in mainnet and gained much traction, becoming essential Defi protocol ranked #1 by TVL. Today it is not possible to imagine Defi without StableSwap and Curve.fi. It is officially launched on nine EVM-compatible chains. Many other projects use StableSwap AMM for stablecoin exchange services. Other assets with almost the same value, such as ETH/stETH, WBTC/renBTC, and others, can also be exchanged using StableSwap AMM. Curve is so essential to the DeFi ecosyste...
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