PowerPool (CVP)
1. Fundamental Analysis
1.1 Introduce
The PowerPool is a cross-chain lending protocol for the governance tokens, such as COMP, BAL, LEND, YFI, BZRX, AKRO, and many others. It is important to note that currently, PowerPool is targeted on the Defi market as the hottest one, but generally is not limited to it and can serve for pooling any other governance tokens in the Ethereum ecosystem. The PowerPool is based on a simple lending model, close to Compound’s one from the first sight. Every holder of governance tokens can supply liquidity into a contract and get the interest rate if there is a demand. Any person on the market can borrow governance tokens placing allowed digital assets as collateral.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | CVP | Market Cap | 2872930.91 |
| Name | PowerPool | White Paper | -- |
| Web Site | https://powerpool.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2020-08-31 |
| Available Supply | 32389300 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
Market is in a consolidation phase with slight upward trend. Volume has been decreasing, indicating cautious trading. Possible upward movement in the near term.
