PowerPool Token (CVP) is now available on ONUS

From April 17th, we officially list PowerPool Token (CVP) on the ONUS application. Soon after CVP is added, users can perform the following features:

  • Off-chain transactions: Send and receive CVP with other users in the ONUS network.
  • Exchange: Swap from VNDC or USDT to CVP and vice versa.

About PowerPool

PowerPool is a protocol that allows users to accumulate administrative power, participate in activities such as lending, borrowing or profiting from Governance tokens of other networks on Ethereum. This protocol helps to solve a number of problems in current DeFi projects, such as:

  • Expand the utility of governance tokens (especially for small holders).
  • Act as a bridge to accumulate power from governance tokens to make important decisions and changes in the DeFi ecosystem.
  • Allows holders to lend administrative tokens to earn additional profits, the reward being the token itself.

The PowerPool ecosystem, called PowerUniverse, includes the following products:

  • Power Agent: A decentralized cross-chain Oracle that provides the primary source of time-average price (TWAP) data based on Uniswap.
  • PowerIndex: Smart portfolio consisting of 8 different governance tokens. Users can swap and trade these governance tokens for a fee of 0.3%.
  • GT Lending Market: The market for lending governance tokens is in the PowerIndex group.
  • PowerPool Governance: PowerPool users can vote on proposals for governance tokens included in the PowerIndex pool.

Website: https://powerpool.finance 

What is CVP Token?

CVP is a native token of the PowerPool ecosystem, operating on Ethereum according to ERC20 standard, and can be used to: 

  • Add/remove governance tokens in the protocol
  • Add new forms of lending/borrowing tokens
  • Adjust PowerIndex
  • Incentivize users to participate in liquidity mining

Specifications

  • Name: PowerPool Token
  • Symbol: CVP
  • Platform: Ethereum
  • Standard: ERC20
  • Type: Governance Token
  • Smart Contract Address: 0x38e4adb44ef08f22f5b5b76a8f0c2d0dcbe7dca1