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

Part C’s Amendment

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.

Updated proposition 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 to offer great

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…


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.

The history of this proposal

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.

Background

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…


Written by Management Board Members

Introduction

On February 27th the Powerpool Community voted in favor of the Management Board’s creation. The proposal had one of the highest voter outcomes with over 3.3M CVP or ~33% of circulating supply voting. It also had one of the closest margins in governance history with a margin of 0.48%. Despite the strong contention to this proposal, the Management Board will work alongside the entire community. The Management Board’s mission is to support the team in several directions: (1) research and operational tasks (2) scaling Powerpool’s TVL and brand awareness by maintaining Powerpool’s innovative spirits. For…


This article is devoted to dynamic weights changing strategies in PowerPool indices and other tech updates

Last two weeks we worked on developing tech devoted to three main directions — Dynamic AMM strategies, Productive usage of assets (staking), and xCVP. In this article, we will share an update for every point.

Introduction

The development of efficient rebalancing strategies is one of the core tasks for PowerPool, the protocol for indices and automatically managed portfolios. In PowerPool we utilize the AMM concept, within which the portfolio is rebalanced by profit-seeking agents — arbitrageurs. However, AMM with static weights often is not efficient…


Diversified dynamically-weighted portfolio of Yearn v1 vaults LP tokens is live

Index Composition

The Yearn Lazy APE index is composed of the following v1 Yearn Vaults’ LP tokens:

  1. yearn Curve.fi cDAI/cUSDC
  2. yearn Curve.fi DAI/USDC/USDT (y3Crv)
  3. yearn Curve.fi GUSD/3Crv (yvgusd3CRV)
  4. yearn Curve.fi yDAI/yUSDC/yUSDT/yTUSD
  5. yearn Curve.fi yDAI/yUSDC/yUSDT/yBUSD

YLA contract address: 0x9ba60ba98413a60db4c651d4afe5c937bbd8044b

Supply liquidity in YLA: https://powerindex.io/#/mainnet/0x9ba60ba98413a60db4c651d4afe5c937bbd8044b/supply

Boosted Rewards

Powerpool is boosting rewards for our beloved Lazy APEs with 150,000 CVP from the Boost Reserve. Every LP will get CVP/block reward share which corresponds to their share in overall staked CVP in the YLA boost program. To activate the boost an LP should deposit .05 CVP per…

PowerPool

A solution for accumulating governance power in Ethereum based protocols

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