PowerPool Newsletter #009

$18.4M TVL | Power Index Update | YETI Index Update | ASSY Index Proposal | PowerPool x SUSHI

Dr. Governance

Dec 17, 2020

In today's issue:

Power Index Update
YETI Launch & Update
ASSY Index Proposal
PowerPool x SUSHI
PowerPool Media Mentions
Community Spotlight

Power Index Update

Since the last Newsletter issue, PowerIndex added another 3.4 millions dollars to the TVL, totaling the current TVL at $11.6M.

The team is continuing to work on making UI and UX better. Now you can see indexes TVL on the PowerIndex.io main page.

And if you have more suggestions on how we can improve UI, please fill out this form.

YETI Launch & Update

The YETI launch was a success, with YETI token trending on Coingecko.

PowerLul @PowerLul

The index was launched on 10th of December, and managed to aggregate $6.8M in TVL in just 7 days.

YETI pools were added to the PRO version, so now you can manage all your staking pools and vote in one interface.

Total TVL Update

ASSY Index Proposal

The idea us by @degenspartan in his hilarious “CUM vs ASS” tweets comparing “CUM” (COMP; UNISWAP; MKR) and “ASS” (AAVE; SNX; SUSHI). It then was taken further by Marc Zeller.

Marc Zeller @lemiscate

Happy to share a proposal I've created for @powerpoolcvp governance. Introducing $ASSY 🍑, a highly concentrated Index on my 4 favorites #DeFi "blue-chips", with a focus on Yield generation. this index holds $AAVE $SNX $SUSHI & $YFI with a twist : 👇 gov.powerpool.finance/t/proposal-dis…

gov.powerpool.financeProposal discussion: ASSY index creationDisclaimer: this proposal is only the initial draft for community discussion. Some important logical pieces of the proposed index, such as CVP liquidity mining program and index fees aren’t established yet. Feel free to add your thoughts, share ideas and participate in brainstorming! Rationale All c…

The majority of indexes take a "Diversification" route, while ASSY takes a highly correlated high risk - high reward approach. ASSY contains a basket of highly correlated and synergetic assets:

To learn more about the proposed Liquidity Mining program and participate or read the discussion go to our forum. 👇

🔗 Proposal discussion: ASSY index creation

PowerPool x SUSHI

Power Pool @powerpoolcvp

🎱#PowerPool x @SushiSwap ecosystem partnership is live! 🎱$SUSHI Meta-governance, Sushi Bar vault strategy implementation 🎱YETI/ETH Sushiswap pair greenlighted for the Onsen LM rewards medium.com/powerpool/powe… $CVP $YETI #MetaGov #PowerIndex

medium.comPowerPool x Sushi ecosystem partnershipYETI index is an ETF-like Defi index allowing Defi users to get exposure to the Yearn ecosystem using a single token (YETI), vote on governance proposals in composite protocols, and receive cashflows…

PowerPool provides the following value to Sushi as its ecosystem partner:
Exposure to SUSHI token via holding YETI. It allows to hold Yearn ecosystem tokens portfolio, which includes 17% of SUSHI, and receive additional income for that
Meta-governance for Sushiswap. All SUSHI tokens pooled into the index contract will participate in Sushi votings based on community decisions. It will increase engagement in Sushi governance and contribute to solving Voters' Apathy.
Vault strategies based on pooled Sushi usage. Pooled Sushi will be used in Vault strategies, generating additional income for YETI holders making YETI holding more attractive.
Smart liquidity sink and market support. YETI index stores all pooled tokens on the special contract and supports the price of underlying assets in case of their price decrease against other YETI composite protocols. It means that if the Sushi price goes down, the index will pool more Sushi from the market based on arbitrage (more Sushi are required to maintain Sushi share inside YETI AMM pool). So, YETI acts as a smart liquidity sink for Sushi tokens.

🔗 Read the full article

PowerPool in Media

As the market for decentralized index funds has heated up significantly over the past six months, PowerPool was mentioned in Ryan's newsletter - Bankless.