Existing CVP Profile on CoinGecko {to be replaced}
PowerPool Concentrated Voting Power Price: CVP Live Price Chart, Market Cap & News Today | CoinGecko
CoinGecko Listing Profile Updated Text & Links
============================================================
PowerPool is a DAO-managed protocol focused on developing a decentralized and autonomous network for guaranteed transaction execution and off-chain computation - the PowerAgent Automation network. Smart contracts cannot execute themselves, so trustworthy distributed automation networks are necessary for creating and operating automated on-chain strategies/maintenance for web3 protocols, dApps, DAOs and individuals. Automation networks complement L1/L2 networks and off-chain data oracle networks to form the ‘third leg’ of crypto infrastructure. Automation is increasingly required in Defi. In the past, PowerPool built and operated various automated Defi products on top of the PowerAgent v1 network, partnering with Yearn.Finance, Balancer, SushiSwap, Boardroom and other notable Defi protocols. Read our history here
The PowerAgent network is decentralized and permissionless, so anyone can operate a PowerAgent Keeper node. Keeper nodes automatically execute transaction signing tasks submitted by third-party Job Owners to earn automation fees and gas compensation paid in the native blockchain asset (ETH for Ethereum, BNB for BNB Chain, etc.). Keeper nodes must stake $CVP, the PowerPool governance token, to participate in the automation network and qualify for signing ever higher value transactions. Decentralized multi-node automation networks like PowerAgent ensure that at least one Keeper/node will be available at the needed time, eliminating single points of failure. Innovative PowerAgent features like random keeper selection, automatic slashing, configurability (many options to apply different Keeper selection algorithms and crypto economic mechanisms to different types of tasks), and gas efficiency reflect original research and continuing leading-edge innovation.
The PowerAgent Automation Network value proposition to Task Owners is: