PowerPool

Quality on-chain governance mechanisms are an integral component of making the cryptoasset industry more sustainable and resilient. However, there are problems such as voter apathy, high gas costs to vote, and whale dominance. These problems are the root of why majority token holders demonstrate a lack of interest in participating in on-chain governance. In a way, these issues hinder governance-based protocol from realizing its values since to make decisions aligned for every stakeholder, the majority needs to participate.

Founded in 2020 by a group of anonymous team members, PowerPool aims to solve on-chain governance problems through meta-governance. Think of PowerPool as a “holding company” of the blockchain world and metagovernance as a way where community governance controls its “subsidiaries”.

PowerPool's flagship product, PowerIndex, aims to address this problem of meta-governance through allowing governance token holders to pool their tokens together into an index, and delegate their governance power to PowerPool stakeholders (CVP holders and Index LP token holders). It incentivizes token holders to do so with incremental yield from CVP liquidity mining rewards for supply governance tokens to the index.

Combining these solutions with the Banzhaf Power Index where it basically analyzes the voting power of the voters where power is not equally divided among the voting members. PowerPool hopes to resolve token holders from Voters’ Apathy, increasing participation and engagement in governance, and empower minority stakeholders with voting rights and distributed rewards.

The difference between PowerPool and other metagovernance platforms like PieDAO and IndexCoop is, it uses Protocol Politician and Boardroom to establish the Metagovernance feature. Meanwhile, PieDAO uses a Diamond standard contract while Indexcoop uses Manager as multisigs who will vote based on the respective protocol proposal using the underlying tokens from the index with the majority votes.

Each project has its plus and minuses, Boardroom needs to be integrated into each governance token project in order for PowerPool to implement the delegate and voting feature. In contrast with the Diamond standard contract where it is flexible to stack other contracts together but rather complex to implement. Lastly, Indexcoop needs a “manager” who votes on voters' behalf which could create an additional trust layer.