PowerPool

Halal Rating :
Comfortable
Last Price $0.13 Last updated:
Rank 1310
1D Change -2.22 %
Market Cap $5.82m
Circulating supply 43,701,455
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • DAO
  • Ethereum Ecosystem
  • Yearn Partnerships
  • Governance
  • LedgerPrime Portfolio
  • Polygon Ecosystem
  • MVB
  • Gnosis Chain Ecosystem

Purpose and Utility

PowerPool is a protocol that allows users to aggregate governance tokens and participate in the governance of multiple DeFi protocols through a single interface. The CVP token is used for governance of the PowerPool protocol itself and provides voting rights to token holders.

Business Model Analysis

The protocol's core functionality revolves around creating efficient voting power delegation mechanisms in DeFi governance. PowerPool creates pools of governance tokens that can be managed collectively, enabling more effective participation in DeFi governance. This model does not inherently involve any prohibited activities like interest-based lending or gambling.

Real-World Adoption

PowerPool has established partnerships with several DeFi protocols and continues to be actively used for governance aggregation. The protocol maintains ongoing development and regular updates to its infrastructure.

Token Distribution and Governance

The CVP token distribution includes allocations to the community, team, and ecosystem development. The project maintains transparency in its operations and token economics.

Technology Assessment

The protocol's smart contracts have been audited by professional firms. The technology focuses on governance aggregation and voting power delegation, which are permissible activities from an Islamic finance perspective as they involve actual utility and asset ownership.

Rating Justification

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