PowerPool
  • powerpool overview
    • PowerPool
      • PowerPool DAO Story
      • Value Proposition
      • Use Cases
      • CVP Token
      • Vision 2027
    • Blockchain Automation
      • Glossary
    • PowerAgent Stats
    • How to contribute
    • Contracts and Links
  • Power Agent
    • 🎯PowerAgent features
    • 🏛️Architecture
      • ℹ️Agent
      • ℹ️Keeper
      • ℹ️Job
        • Full Specification
    • 📜User Guides and Instructions
      • ❓I Want to Automate my Tasks
        • Job Registration Guide
      • ❓I Want to Become a Keeper
    • ℹ️Scenarios
    • ⌛Old Pages
      • Installation Guide (Old)
        • Prerequisites
        • DAppNode Installation
        • Registering in PowerAgent
        • Installing PowerAgent Package on DAppNode
        • Standalone Installation
        • Chain-specific configs
      • Keeper (Old)
        • Keeper Registration and Update
        • Keeper staking, withdrawal, and deactivation
          • Keeper activation and deactivation in PPAgentV2RANDAO
        • Keeper assignment and release in RanDAO realisation
      • Job (Old)
        • Job Registration & Update
        • Job funds deposition and withdrawal
      • Agent (old)
        • Page
        • Execution
      • Technical Implementation (Old)
        • Hooks and helper functions
        • Errors
        • Modifiers
          • Flags
      • Job Registration Guide (Old)
      • 📑Testnet Rules
      • Slashing
        • Copy of Slashing
      • Task Reward and Gas Compensation
        • Fees and income sources
        • Copy of Task Reward and Gas Compensation
  • PowerPool Incentives
    • PowerPool Points Program
  • Security
    • Bug Bounty
    • Security Audits
  • Research
    • Automation Networks Research
      • Approaches on Keeper Selection
      • On-chain Random Number Generation
      • Keeper Weighing
      • 🌊PowerPool & PowerAgent Automation Network
      • Value Proposition-PowerPool
    • PowerAgent v2.1
      • Keeper Selection
      • Hooks
  • Resources
    • Website
    • Twitter
    • Medium
    • Discord
    • Github
    • Telegram
    • Governance Voting
    • Governance Forum
  • Legacy & Deprecated
    • Index Products
      • $YLA: Yearn Lazy Ape
        • Invest (ZAP) in YLA with low fees
        • Instant YLA mint via USDC
        • $CVP Boost Program
        • Redeem YLA
        • YLA Onsen Liquidity Mining [deprecated]
      • $BSCDEFI: BSC DeFi Pool/Index
        • Guide: Mint $BSCDEFI with $BNB
        • Guide: Multi-Asset $BSCDEFI Mint
        • Guide: PancakeSwap LM Farming
        • Add $BSCDEFI to MetaMask.
        • Redeem $BSCDEFI
      • $ASSY: Aave, SushiSwap, Synthetix, and Yearn Index
        • $CVP Boost Program
        • Underlying Token Staking
      • $PIPT: PowerIndex Pool
      • $YETI: Yearn Ecosystem Index
      • Market Price vs Fair Value
      • About ZAP
    • CVP reward program
      • How to create a DCA flow in Partitura
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  • CVP utility & use cases
  • Distribution
  • Stats

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  1. powerpool overview
  2. PowerPool

CVP Token

PreviousUse CasesNextVision 2027

Last updated 1 year ago

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CVP utility & use cases

The protocol's native token is . It carries out the following functions in the protocol:

  • it is used as a token for securing the operation of PowerPool Keepers' network (staking $CVP is required to run a node)

  • it has governance rights for decision-making in the PowerPool DAO, allowing DAO members to determine key protocol decisions.

To join the PowerAgent decentralized network of keepers, the node runner must stake at least 1000 CVP in the Agent contract. The CVP stake acts as a skin-in-the-game or risky deposit, protecting the network against the malicious behavior of Leepers. If a keeper fails to execute the job on time, the share of the Keeper's CVP stake will be slashed by another Keeper (a slasher).

CVP staking design & PowerAgent cryptoeconomic rules:

  • the PowerAgent users (Job owners) specify the desired staking range [min, max] for potential executors (Keepers), defining the level of cryptoeconomic security applied to the Job execution.

  • Keepers with lesser stake that the minimal one will not be assigned to the execution.

  • The CVP stake also influences the rewards that keepers get for task execution. Job owners can define the upper stake, limiting the maximal reward for their job.

To learn more about Job configurability and stake ranges, visit the Job page.

CVP governance rules:

  • Token holders can create proposals. The voting outcome is based on a simple majority (>50% of votes for a particular outcome) with the quorum value of 400k CVP total votes.

Distribution

PowerPool was launched without VC funding. The distribution was performed via initial Liquidity mining and Community Drop using the initial protocol treasury tokens.

CVP contract:

Total supply: 100,000,000 CVP

CVP token distribution:

  • Circulating supply - 31.1%

Stats

CVP Stats can be seen on the Dune Dashboard:

- (locked tokens that are not claimed yet) - 1.9%

- 9.5%

- 10%

Team (not claimed & locked tokens - , , ) - 17.5%

- 30%

The team token allocation, Burned tokens, and Ecosystem Fund were allocated due to DAO proposals: , , and .

CVP
0x38e4adB44ef08F22F5B5b76A8f0c2d0dCbE7DcA1
Community Drop
Burned tokens (locked forever)
Ecosystem fund
contract 1
contract 2
contract 3
Protocol Treasury
Proposal 48
Proposal 29
Proposal 58
https://dune.com/0xPowerPool/PowerPool-Dashboard