With the launch of the PowerIndex right around the corner, our team has been spending more time finalizing a few tweaks to hopefully help make the launch as successful as possible. At the beginning of this week, we published an in-depth proposal to PowerPool’s forum (which we also sent to clients here). Following up, we wanted to make 2 modifications to this proposal.
The first modification is to increase the Power Index rewards during months 1 and 2. The current proposal has monthly rewards at 400k CVP for the foreseeable future. We would like to increase rewards to 1M CVP in the first month and 700k CVP in the second month. The purpose of this adjustment is to help kickstart the flywheel described above by incentivizing capital to flow into the index early on through a strong yield. This would create strong demand for CVP since its an equally weighted index, which would continue to bolster index reward yields and drive more capital i