CVP & xCVP Tokens
CVP staked as xCVP is the governance token of PowerPool DAO, and is redeemable for a share of the Treasury NAV
PowerPool CVP tokens are named for Concentrated Voting Power. The functions of freely-tradable CVP, and staked xCVP and their related value creation patterns are described below:
- 1.Pool Management: xCVP stakers govern the process of planning, launching and actively-managing pooled investment tokens in the Power Universe family. Via DAO governance, they can add/remove tokens from the pool, change token weights within pools, and change management fees paid by investment token holders to the DAO Treasury.
- 2.Treasury Cashflows: PowerPool collects active management fees on entry, exit and part of swap/redemption fee on a special contract (CVP Treasury). Fees accrue to the PowerPool Treasury and increase NAV, shared among all xCVP stakers.
- 3.PowerOracle value: CVP token holders can stake their CVP to participate in the PowerAgent/PowerOracle network and earn up to 50% APY by participating as Price Reporters and/or Fishermen monitoring the network. The set of price feeds is curated by CVP token holders as well.
- 4.Meta-governance value: Good planning and active management of the Power Universe pools should grow their AUM/TVL and thereby increase the meta-governance voting power of the the DAO;
For more detail read the comprehensive guide to CVP token design and related value creation patterns:
https://medium.com/powerpool/understanding-value-of-cvp-token-and-meta-governance-value-creation-pattern-a530d1a1dec1
Last modified 2mo ago