Disclosure: Delphi Ventures is an investor in PowerPool.
In September we proposed a new product to help PowerPool become a powerhouse of governance tokens. The proposal was successfully voted through and the team has been heads down building.
Two Security audits for the PowerIndex are pending with the expectation that the results will be received on November 23rd. The PowerIndex itself is set to launch on November 24th or 25th. In the meantime, there has been a baby index that resembles the composition of the final Index, but it’s been capped at $500k.
Three Items included in this vote:
1) The composition of the index will remain relatively unchanged in the transition, consisting of CVP, YFI, SNX, LEND, wNXM, UNI, COMP, and MKR. The only change will be AAVE replacing LEND now that Aave has gone through the token migration. Since the index remains unchanged, the 3M in CVP rewards will also no longer be rewarded for thos