Happy New Year everyone! Since our last update PowerPool has been heads down focused on building the tooling necessary to build out our Roadmap. Related to that, the team has done some amazing research along the way, which we will highlight in this latest update.
In This Issue
LUSD StableSwap Pool
YLA Stats
Community Call
LUSD StableSwap Pool
PowerPool researchers have been busy exploring opportunities to maximize the functionality of Balancer v2 architecture to offer impressive yield for our users.
The tl;dr of the big brain research was that:
A hypothetical LUSD-staBAL StableSwap built on top of Balancer v2/Liquity/PowerPool generated ~12% APY without any additional rewards allocated to it;
This result was achieved by depositing LUSD into Liquity Stability Pool and harvesting ETH/LQTY proceeds in the AMM pool. LUSD was used for swaps and contributing to Liquity system stability at the same time;
StableSwap pools with asset managers potentially could solve secondary market liquidity issue for some other stablecoins independently from Curve/other DEX protocol incentives;
We’ve provided the full details of this amazing research effort on our Medium.
Join our community call to discuss details with Vasily Sumanov on Thursday at 6 PM UTC in Discord.
YLA Stats
Can you believe that Yearn Lazy Ape (YLA), PowerPools premiere product, is almost one year old?! In that year it has generated an impressive 17.7% APY on USDC, not to mention the additional yield accrued through the CVP boost!
Have a look at our dune dashboard for more information 👇
https://dune.xyz/0xPowerPool/YLA
Community Call
In response to requests from users PowerPool has been hosting regular calls to update the community and give people an opportunity to engage directly with the public team. Since then we’ve hosted two calls (Dec 29 and Jan 19) providing valuable insights and some alpha along the way.
The most recent call on January 19th touched upon many topics including our philosophy for DeFi investing, a discussion about PowerAgent and how it is the core building block upon which the PowerPool ecosystem is built upon, expansion to new chains, and xCVP economics.
Join our community call to discuss details with Vasily Sumanov Tomorrow at 6 PM UTC in Discord.
More on PowerPool
Power Forum: https://gov.powerpool.finance/
Discord: https://discord.gg/hYJXUBQ
Twitter: https://twitter.com/powerpoolcvp
Medium: https://medium.com/@powerpoolcvp
Website: https://powerpool.finance