It looks like each #DeFi protocol issues own governance token (GT) now. But all we know, that minority token holders don't really influence the votes. Tokens from their perspective look really useless...

But, what if they can pool or lend them?

1/ As consequence protocols face well-known "Voters Apathy" problem. For example, @AragonProject @MakerDAO. Often own the vote, while a lot of little token holders never use their tokens.
#governance #defi #web3

2/ Accumulation of voting power using AMM and pooling mechanisms will empower minority token holders, provide them income opportunities, and increases participation in governance.

3/ The Power Pool is a lending protocol for governance tokens:
-> pool GTs – accumulate governance power
-> lend GTs – earn additional GTs by lending GTs. Influence Farming
-> borrow GTs – get additional leverage in votings
-> collect GTs and voting coordinately

4/ We introduce the brand new term: Influence farming. Users earn additional GTs using their holdings as the interest rate is paid in the same token. As a result the stake of the user continually grows.

5/ Accumulation of voting power. It was previously distributed across the thousands of wallets and almost never used. Now it will be concentrated in one place via the Power Pool and become a real force in the governance of protocols, solving Voters Apathy problem.

6/ Currently Power Pool is targeted on the Defi, but can pooling any other governance tokens. Lending/borrowing/pooling markets for
$COMP $BAL $MKR $LEND $AKRO $BZRX soon

7/ $CVP (Concentrated Voting Power) is the Power Pool governance token:
-> Listing of new pools and LM rewards allocation to them
-> Adding/removing collateral token types
-> Upgrade and maintain the source code of the smart contracts
-> The special function in the next tweet

8/ The special $CVP function: $CVP holders decide how unclaimed by borrowers GTs in the Power Pool lending contracts will vote.
-> $CVP integrate voting power in multiple #Defi protocols

9/ The CVP token doesn't have a premine. No tokens trading yet, if you found something, it is a scam. The only option to receive tokens is participation in liquidity mining.

10/ The project is ready to be deployed in a testnet. We invite all Defi community members to test protocol, find bugs, and try to attack it. It will last approximately one week. Follow @powerpoolcvp for updates.

11/ Mainnet comes soon in two stages: babynet and mainnet. During the babynet, it will be launched with a $50k liquidity cap to polish the protocol with no huge liquidity. We estimate that the limited phase will last ~2 weeks and applications will be open soon.

12/ Risk warnings: the Power Pool is experimental software. It is highly risky to put your funds in the protocol until the security audit is successfully passed (currently, in the process). There is no $CVP token sale. It is distributed only via liquidity mining.