PowerPool Concentrated Voting Power (CVP)

PowerPool Concentrated Voting Power (CVP) is the native token of the PowerPool Protocol. This decentralized network guarantees automatic transaction execution and off-chain computations for DeFi/Web3 applications and individuals. The protocol includes PowerAgent, a decentralized network of Keepers that automates transaction execution based on on-chain and off-chain conditions. PowerPool invented the concept of meta-governance, which involves accumulating governance tokens and issuing another asset that determines how underlying assets will vote in upcoming decisions. CVP serves several functions within the protocol, including staking in PowerAgent nodes, participating in the PowerPool Protocol DAO governance, and protecting the network through the CVP Safety Module.

PowerPool Protocol aims to provide a gas-efficient and permissionless layer for automatic smart contract executions. It supports complex strategies involving high-value tasks and offers different algorithms for Keeper selection, slashing, and reward calculation. The protocol is currently in the R&D phase, exploring the integration of ZK-powered off-chain computations and data input to the execution logic. PowerPool DAO, the organization behind the protocol, develops the PowerAgent smart contract execution layer and promotes network adoption. The DAO has implemented various governance proposals and encourages community participation through its Governance Forum.

CVP token distribution was initially done through a community airdrop for testers and liquidity mining programs. Tokens were distributed to community contributors and liquidity providers, with some reserved for the team and future growth activities. CVP has a market cap of 50 million USD, and its supply is circulated among 36 markets. Holders of CVP can stake their tokens in PowerAgent nodes to ensure network operation, participate in governance decisions, and earn rewards. The token also plays a role in network protection through the CVP Safety Module, which receives protocol fees for safeguarding the network.