Disclosures: Delphi has recently taken a position in CVP. This is intended to disclose the potential conflict of interest and should not be misconstrued as a recommendation to purchase CVP. Delphi Digital did not take part in the Alpha or Beta rounds but is interested in joining the Gamma. Participating in future liquidity mining programs comes with risk, which people should evaluate based on their own risk tolerance.
How valuable is governance? In many ways, control is everything. It’s the power to change strategy, alter the economics and decide who reaps the benefits. Governance is an area our team has focused on heavily recently, as evidenced by our entry into DXdao. In that situation, one appealing factor was the ability to vertically integrate the DeFi stack under one governance structure. DXdao would expand its portfolio of DeFi applications either through forking existing protocols or developing new products in-house to further differentiate its offering. There is an alternative strategy for arriving at a similar place though. You can either create a DeFi “conglomerate” by building the diverse suite of services in-house, or you can create it by capturing governance in existing protocols which already have adoption. It’s the latter idea that made PowerPool’s new model so fascinating to us. However, we believe there’s a way to make it even better. A way to create a governance blackhole.
Disclosures: Delphi has recently taken a position in CVP. This is intended to disclose the potential conflict of interest and should not be misconstrued as a recommendation to purchase CVP. Delphi Digital did not take part in the Alpha or Beta rounds but is interested in joining the Gamma. Participating in future liquidity mining programs comes with risk, which people should evaluate based on their own risk tolerance.
How valuable is governance? In many ways, control is everything. It’s the power to change strategy, alter the economics and decide who reaps the benefits. Governance is an area our team has focused on heavily recently, as evidenced by our entry into DXdao. In that situation, one appealing factor was the ability to vertically integrate the DeFi stack under one governance structure. DXdao would expand its portfolio of DeFi applications either through forking existing protocols or developing new products in-house to further differentiate its offering. There is an alternative strategy for arriving at a similar place though. You can either create a DeFi “conglomerate” by building the diverse suite of services in-house, or you can create it by capturing governance in existing protocols which already have adoption. It’s the latter idea that made PowerPool’s new model so fascinating to us. However, we believe there’s a way to make it even better. A way to create a governance blackhole.