PowerPool Concentrated Voting Power (CVP) price has declined today.
The price of PowerPool Concentrated Voting Power (CVP) is $0.304398 today with a 24-hour trading volume of $1,875,036. This represents a -13.80% price decline in the last 24 hours and a -19.00% price decline in the past 7 days. With a circulating supply of 32 Million CVP, PowerPool Concentrated Voting Power is valued at a market cap of $9,745,218.
About PowerPool DAO CVP/xCVP
PowerPool DAO actively-manages structured DeFi products including automated vaults and broadly-diversified baskets/indices offering gas-efficient higher yield, capital efficiency and better risk-adjusted returns, especially to smaller investors. PowerPool operates an increasing number of actively-managed structured DeFi vaults (known as the PowerUniverse) composable into diversified baskets/indices with auto-harvesting of optimised yields leveraging the PowerAgent Automation Network on Ethereum and EVM-compatible chains/layers like BSC, NEAR/Aurora, Harmony, Avalanche, GnosisChain, etc.
Token Rights= CVP/xCVP
The purpose of the PowerPool DAO is to execute a vision to drive maximum long-term value to the CVP/xCVP token pair. There are a number of different dynamics driving value accretion towards the CVP token.
- All modular vaults and diversified baskets/indices/pools earn management fees which accrue 100% to the DAO Treasury. Buying and staking xCVP entitles the staker to a share of the Treasury value, which can also benefit from capital operations like hedging;
- Staking xCVP entitles stakers to influence votes on meta-governance initiatives affecting other DAOS whose tokens are held in significant amounts in PowerPool baskets/indices
- Staking xCVP entitles stakers to influence internal PowerPool product management decisions relating to yield optimising strategies for each token in a basket, the percentage weighting of each token in a basket, the inclusion/exclusion of a token from a given basket, the proportion of a given sub-basket/pool in a higher pool-of-pools, and the decision to launch new thematic pools and pools-of-pools.
- The autonomous, permissionless PowerAgent automation network requires competitive staking of CVP and accrues fees in CVP. Increasing numbers of network nodes across multiple (initially EVM-compatible) chains/layers will create continuing buy pressure for significant numbers of CVP tokens;
As the size/value of the pools under DAO management grows, CVP tokens acquire more and more value due to their meta-governance power over other protocols, as well as the value of their influence over internal staking and value allocations within baskets managed by the PowerPool DAO. Like Curve veTokens, xCVP will be increasing valuable to other DAOs wishing to influence the yield strategies and token compositions of PowerPool baskets/indices.
About the PowerPool PowerUniverse
The PowerUniverse is a thematic family of actively-managed thematic pooled investment tokens allowing any investor to take broadly-diversified, hedge-able positions on emerging themes in digital assets. Thematic pool tokens like stablecoin yield optimisation pool $YLA, and DeFi ‘blue-chip’ baskets on other chains like $BSCDEFI will be increasingly composable into higher-level thematic ‘pools-of-pools’ to create ever more diversified pools that not only auto-harvest ‘intrinsic’ yield on underlying tokens for token holders, but also leverage the meta-governance power of the baskets to secure listings on borrow/lend and derivatives sites enabling harvesting of extrinsic yield, and creating volatility-reducing hedging options. The number of thematic pools, pools-of-pools and their weightings is constantly being adjusted by the DAO based on monitored fundamentals and changing sentiment among knowledgeable xCVP stakers, known as 'Illuminati'
Where can you buy PowerPool Concentrated Voting Power?
CVP tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade PowerPool Concentrated Voting Power is Binance, where the most active trading pair CVP/USDT has a trading volume of $701,848.59 in the last 24 hours. Other popular options include MEXC and Uniswap V2 (Ethereum).
What is the daily trading volume of PowerPool Concentrated Voting Power (CVP)?
The trading volume of PowerPool Concentrated Voting Power (CVP) is $1,873,389.27 in the last 24 hours, representing a -26.90% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for PowerPool Concentrated Voting Power (CVP)?
The highest price paid for PowerPool Concentrated Voting Power (CVP) is $17.27, which was recorded on Sep 01, 2020 (almost 3 years). Comparatively, the current price is -98.20% lower than the all-time high price.
What is the all-time low for PowerPool Concentrated Voting Power (CVP)?
The lowest price paid for PowerPool Concentrated Voting Power (CVP) is $0.212737, which was recorded on Jun 18, 2022 (12 months). Comparatively, the current price is 42.80% higher than the all-time low price.
What is the market cap of PowerPool Concentrated Voting Power (CVP)?
Market capitalization of PowerPool Concentrated Voting Power (CVP) is $9,723,247 and is ranked #933 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CVP tokens (32 Million tokens are tradable on the market today).
What is the fully diluted valuation of PowerPool Concentrated Voting Power (CVP)?
The fully diluted valuation (FDV) of PowerPool Concentrated Voting Power (CVP) is $30,373,477. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million CVP tokens are in circulation today. Depending on how the emission schedule of CVP tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of PowerPool Concentrated Voting Power compare against its peers?
With a price decline of -19.10% in the last 7 days, PowerPool Concentrated Voting Power (CVP) is underperforming the global cryptocurrency market which is down -8.80%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of PowerPool Concentrated Voting Power today?
There are no votes on PowerPool Concentrated Voting Power (CVP) today. Be the first to vote and share this with your community.
How to add PowerPool Concentrated Voting Power (CVP) to MetaMask?
Adding PowerPool Concentrated Voting Power (CVP) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CVP as a token. You can copy CVP’s contract address (0x38e4adb44ef08f22f5b5b76a8f0c2d0dcbe7dca1) and import it manually, or if you've installed MetaMask's chrome extension, add CVP to MetaMask with one click on CoinGecko.
Add CVP to MetaMask.