This article is devoted to PowerPool recent developments, results, and future plans for 2021
After the first five months of 2021, we want to take a moment to summarize and reflect on a number of the achievements that we’ve had thus far. As always, we have been heads-down focused on developing new tech: Dynamic AMM (DAMM), ZAP, research and simulations, PowerOracle v2, and underlying assets staking, to name a few. We also released two structured investment products — $ASSY and $YLA during this time.
Along the way, we continued to establish and nurture lasting relationships and integrations with great partners…
PowerPool shares a dynamic weights AMM concept and its implementation on top of Balancer V2.
PowerPool is excited to be a launch partner of Balancer V2 in building structured investment products and ETFs on top of Balancer Protocol. Balancer V2 architecture allows our team to build a gas-efficient and elegant implementation which will allow all participants of the Balancer ecosystem to use new strategies for pool operation and asset management.
In late 2020, we developed Smart ETF pools on top of Balancer V1. Our goal was to develop an efficient tech solution for structured investment products and ETFs operating on…
The long-awaited feature for the ASSY pool is finally audited and prepared for deployment
ASSY is the first Dynamic AMM pool that will use tokens in external protocols for receiving an additional yield on pooled capital. It will provide additional income for LPs.
The first token from ASSY (AAVE SUSHI SNX YFI) that will be used for staking is Sushi. It will be staked into xSushi, and all mined Sushi tokens will be added to the ASSY pool, benefiting LPs.
The principal scheme of the Dynamic AMM pool which can use assets for yield-generation in external protocols is presented below:
DISCLAIMER: PowerPool Creativity Contest is initiated and launched by the Management Board and not by the PowerPool core team. PowerPool Core team will be an equal decision-maker, not the leading one. Please contact DrGonzo#7385 via Discord or use Forum for any questions regarding the contest.
Over the last few months the PowerPool team has been diligently focused on developing and delivering groundbreaking tech at a record pace. Having had an opportunity to come up for air recently, we now understand that this may have come at the expense of marketing, communications, and building a community around our work. …
Guide for receiving high APY using PowerPool products and LM update
Recently we implemented the 2nd round of CVP rewards cut according to Proposal 22: Decrease CVP inflation approved by the CVP community some time ago. It was suggested and approved by the community in order to limit the inflation of CVP and support token value appreciation.
The exact size of the reward for each PowerPool product is presented below:
Proposal 29 is approved, amendment of Part C is pending
Recently, the PowerPool community voted to approve Proposal 29. However, this proposal triggered a lot of discussions on the forum, especially regarding Part C (rules for future management of testers’ allocations).
A group of Beta/Gamma testers made public and private statements regarding the necessity to change the proposal. As a result, the Management Board collaborated with LordDurden and Alex Kruger, both testers, to come up with new allocation management rules for Part C.
Set-up allocation management rules and limit Management Board actions to: changing vesting rules of individual testers, burning…
Here we provide answers to frequently asked questions devoted to YLA
Yearn Lazy Ape (YLA) was launched one month ago and received some traction, collecting $16m TVL. However, this is a complex financial product that possesses a lot of questions in the community regarding its operation.
We are happy to answer all collected questions and help you to understand how YLA works and leverages Defi composability.
Q: Describe YLA in 1 sentence
A: YLA is your savings account, where you can get really good interest on USD-pegged capital based on a basket of investment strategies from Yearn v1 Vaults
A comprehensive overview of Proposal 29 from the PowerPool Core team
Proposal 29 devoted to re-deploying the Beta/Gamma vesting contract and slashing allocations of 40 inactive testers recently got a lot of attention. After reading comments and discussing the provisions of the proposal with some Beta/Gamma testers we understood that people don’t understand this proposal. So, we decided to release a statement and explain every point comprehensively.
As you know, there were 193 Beta/Gamma testers in PowerPool. Each tester should receive 50,000 vested CVP. Initially, the total number of testers was 200, but 7 testers didn’t complete initial tasks and…
The CVP Boost Program for YLA is ready and will be activated soon!
Yearn Lazy Ape (YLA) is receiving traction lately, accumulating almost $5M TVL. In order to provide additional incentives for the CVP holders and attract more liquidity to YLA, the Management Board and Core team unanimously voted in favor to activate the CVP Boost program for this index. All details are presented below.
The PowerPool community approved a CVP Boost Reserve during Proposal 22. The proposal for the CVP Boost Program to be applied to the YLA index was published on the PowerPool governance forum two weeks ago…
Join and exit PowerPool indices with 68X Cheaper Gas Costs
In recent months, gas costs on Ethereum have risen to all time highs. A simple ERC20 transfer can cost $30 dollars while a DEX swap can cost more than $100 dollars. For financial products like PowerPool gas costs are typically much higher due to our smart contracts’ complexity.
It can cost $200, $300 (PIPT, YETI, ASSY), and even $800 (YLA) to supply and withdraw liquidity.
Currently, Powerpool is not sustainable for the average user. However, Powerpool is committed to servicing all segments of the defi market and becoming the go-to…
A solution for accumulating governance power in Ethereum based protocols