PowerPool is described as being a decentralized protocol which presents users with the opportunity to partake in automated DeFi products and enhanced yield generation from those products. PowerPool is built on the Ethereum blockchain network.
DeFi products such as asset vaults and smart token baskets are reportedly built on top of what is known as the “Power Agent” automation network. The network design is geared to work by automated functionality, as the Power Agent network is said to execute smart contracts according to defined preset strategies. Power Agent reportedly accomplishes automated execution across a variety of functions.
Developed and deployed in 2020, the network promotes modular asset management strategies, which are designed to be the fundamental blocks used to create and curate complex DeFi products that are purportedly fully automated. The community operates as a DAO, or decentralized autonomous organization, essentially governed by the community of token holders who use and interact with the protocol.
