> For the complete documentation index, see [llms.txt](https://docs.powerpool.finance/powerpool-and-poweragent-network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.powerpool.finance/powerpool-and-poweragent-network/powerpool-overview/powerpool/powerpool-dao-story.md). # PowerPool DAO Story PowerPool was launched in 2020 without traditional VCs or investors, pioneering the concept of meta-governance for accumulating voting power in third-party protocols. From the beginning, our community guided us to update our vision to a decentralized basket of tokens - ‘Power Indices.’ Baskets were proposed by governance participants, including Delphi Digital, Yearn.finance team member, Sushi, and AAVE team member. PowerPool's Defi products were featured in[ Paul Veradittakit’s newsletter](https://twitter.com/veradittakit/status/1326976148027260928),[ Binance Research](https://research.binance.com/en/projects/powerpool),[ Cointelegraph](https://cointelegraph.com/news/powerpool-launches-meta-governance-token-for-yearn-ecosystem),[ Messari](https://messari.io/article/index-protocols-meta-governance-and-the-battle-for-capital), and[ Bankless](https://newsletter.banklesshq.com/p/the-bull-case-for-decentralized-index?s=r). However, Keeper bots that execute smart contracts according to predefined algorithms were needed to make automated products work. For this reason, PowerPool developed its own automation network in October 2020. It was used for TWAP oracles, staking tokens in third-party protocols, harvesting yields, and re-allocating capital. So, we have been automating Defi for almost four years now. In mid-2022, PowerPool focused on building PowerAgent v2 - the next-generation dePIN network for automating on-chain executions. The main requirements were to deliver a truly decentralized, permissionless, and robust network without significant points of centralization. After over a year of stealth development and 8 months of community-run testing, PowerAgent v2 is live on [Gnosis Chain](https://app.powerpool.finance/#/gnosis/explorer/), [Arbitrum](https://app.powerpool.finance/#/arbitrum/explorer/), [Ethereum](https://app.powerpool.finance/#/mainnet/explorer/), and [Sepolia testnet](https://app.powerpool.finance/#/sepolia/explorer/). Check out PowerPool ecosystem development plans for 2024: [a 2024 roadmap](https://medium.com/powerpool/powerpools-roadmap-for-2024-aec8883190ee). PowerAgent v2 users can now automate their on-chain routines and strategies by submitting new Jobs to the network. Node runners can run Keeper bots to earn execution fees and CVP incentives for node operation. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.powerpool.finance/powerpool-and-poweragent-network/powerpool-overview/powerpool/powerpool-dao-story.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.