Enhancing DeFi with political parties By Cointelegraph

Enhancing DeFi with political parties By Cointelegraph


Three birds, one stone: Enhancing DeFi with political parties

Meta-DeFi protocols are becoming increasingly popular following the success of Yearn.finance. The project is essentially a yield farming hedge fund that lets people participate in complex strategies to farm the governance tokens, or GTs, of other protocols.

Yearn is just about business — it sells any tokens it obtains through its activity. But a new project wants to reverse that concept to focus completely on the governance power offered by these tokens. PowerPool is a meta-governance protocol project that seeks to concentrate governance tokens of all platforms under one roof. Developed by a group of anonymous developers, it is quickly gathering support in the business ecosystem, with firms like Delphi Digital entering a position. Other supporters include Pantera Capital’s Paul Veradittakit, Multicoin Capital’s Kyle Samani, CoinShares’ chief security officer Meltem Demirors and other notable industry figures.

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