CVP token – is the PowerPool protocol and CVP holders vote to approve protocol upgrades, new indices, wallet strategies, treasury management and use of governance power
Power Agent moderators use CVP as a deposit and receive a bonus in CVP
PowerPool is a solution for accumulating governance power in Ethereum-based protocols by pooling tokens (COMP, BAL, YFI, BZRX etc.).
The name of the CVP coin refers to centralized voting power: CVP holders decide how pooled GTs vote when voting is conducted in their root protocol
Also, CVP holders control the entire protocol (key ecosystem variables, collateral types, adding new pools).
CVP Coin Founders
Founded in 2020 by an anonymous group, PowerPool aims to solve on-chain governance issues through meta-governance.
Think of PowerPool as a “holding company” for the blockchain world and meta-governance as a way in which community governance controls subsidiaries.
PowerPool's flagship product, PowerIndex, aims to address this meta-governance problem by allowing CVP token holders to pool their tokens together in an index and delegate their governance authority to PowerPool CVP holders and Index LP token holders
Information about CVP digital currency
The total number of CVP digital coins is 100 million coins
The highest value it reached on August 31, 2020, when its price reached $35
