PowerPool Newsletter #007
Security Audits Received | Proposal 9 & Adaptable vesting | Understanding PowerIndex
In today's issue:
Proposal 9 voting is live
Security Audit Received
Understanding PowerIndex article series
Community Spotlight
Proposal 9 Voting is Live
Voting on proposal nine by the Delphi Digital team is live.
It's our most engaging voting so far, reaching quorum in the first 10 hours.
The key points for you to know:
✅ The token composition stays the same
Except AAVE replacing LEND, due to the token migration
Liquidity Mining Program for the Power Index:
Month 1 rewards will be 1m CVP
Month 2 rewards will be 700k CVP
Month 3+ rewards will be 400k CVP
A new adaptable vesting schedule allows early adopters to have outstanding APY while keeping tokenomics healthy.
In general, 50% of rewards will vest immediately, and 50% will vest over 10 weeks. But to bootstrap the index, vesting schedule is linked to TVL.
Power Index TVL:
<$1,000,000 : 10% rewards immediately vest (90% 10 week vest)
From $1m to $5m: 20% immediately vest (80% 10 week vest)
From $5m to $10m: 35% immediately vest (65% 10 week vest)
From $10m: 50% immediately vest (50% 10 week vest)
Liquidity Mining Rewards for CVP
Rather than split liquidity across several pools, the plan is to have all CVP liquidity mining rewards focused on the CVP/ETH Uniswap Pool.
Month 1 rewards will be 182k CVP (per week)
Month 2+ rewards will be 91k CVP (per week)
📑 Read the proposal discussion
Security Audits Received
As planned, the Power Index received a security audit, performed by two independent auditors of Mixbytes.
No critical issues were found, while only one major issue was detected. It was quickly fixed by the PowerPool team.
You can find the full report below 👇
Understanding PowerIndex
Ahead of the Power Index launch, the Power Pool team prepared a complete overview of the index. In these articles, you can find answers to all your questions.
🔗 Understanding PowerIndex: Introduction & Basics
Index composition, Overview, Use cases
🔗 Understanding PowerIndex: the PIPT token magic
What is PIPT? How to get it? How to use it to earn more?
🔗 Understanding PowerIndex: liquidity provision
Liquidity provision how-to with simple examples
🔗 Understanding PowerIndex: pooled tokens usage
How to build an efficient index? How to extract additional value from pooled assets? Vault strategies.
🔗 Understanding PowerIndex: the value of Index governance
Value of changing token set and token weights in PowerIndex - how CVP token holders benefit from that
🔗 Understanding PowerIndex: index fees and cashflows for PIPT and CVP holders
How are cashflows generated and distributed? CVP holders benefits and value capture mechanism.
🔗 Understanding PowerIndex: the Liquidity Mining Program
Everything you need to know about Liquidity Mining Program and how to capture the max APY.
Community Spotlight
We start with a great shoutout to Getmegone, who is translating all our articles to Russian and have created this amazing infographic:
Tweet of the week
Meme of the week
More on PowerPool
Power Forum: https://gov.powerpool.finance/
Discord: https://discord.gg/hYJXUBQ
Twitter: https://twitter.com/powerpoolcvp
https://powerpool.finance