info@powerpool.finance.com
Dear ....
PowerPool DAO manages the Power Universe, a family of broadly-diversified, actively-managed thematic token investment pools. PowerPool DAO has recently approved the launch of a new pooled token focussed on BSC-centric DeFi protocols, to be known as $BSCDEFI. The token was originally proposed by BSC and will be launched together with BSC-based synthetics partners Linear Finance, who will also be launching a synthetic 'mirror' token with the same composition and weights to facilitate market-making liquidity and hedging.
The purpose of this letter is to notify you that your token will be included in the initial launch pool, and its weighting within the pool will be periodically reviewed. We assume that you have no objection to your token being included?
The initial composition agreed with BSC and market makers is as follows:
- PancakeSwap/CAKE: 40%
- Venus/XVS: 16%
- MDEX/MDX: 8%
- Ellipsis/EPS: 7%
- BakerySwap/BAKE: 6%
- Linear/LINA(BSC): 5%
- Autofarm/AUTO: 5%
- Dodo/DODO: 4%
- CREAM/CREAM: 3%
- TokoCrypto/TKO: 2%
PowerPool will be actively managing the tokens in the $BSCDEFI pool for yield. Assuming you have no objection to your tokens being included, we would appreciate any suggestions you may have regarding options to generate yield for your tokens held in our pools. PowerPool also acts for our investors in meta-governance matters, and we would appreciate your adding PowerPool to your lists of governance token-holders of note.
You may wish to make some coordinated announcement to coincide with the official launch of the token, and publicise it on social media. PowerPool will provide official $BSCDEFI branding assets, infographics and other marketing copy for you to use.
Any questions, please do not hesitate to contact us.
As we already notified you, PowerPool is preparing to launch a diversified Binance Smart Chain native DeFi pool token, to be called BSCDEFI. The initial composition agreed with BSC and market makers is as follows:
- PancakeSwap/CAKE: 40%
- Venus/XVS: 16%
- MDEX/MDX: 8%
- Ellipsis/EPS: 7%
- BakerySwap/BAKE: 6%
- Linear/LINA(BSC): 5%
- Autofarm/AUTO: 5%
- Dodo/DODO: 4%
- CREAM/CREAM: 3%
- TokoCrypto/TKO: 2%
Although the initial proportion of your token in the pool may seem small, this will be periodically reviewed. Because this pool token will have institutional investor appeal, we expect AUM/TVL to grow quickly to amounts that will support your token, no matter how small your proportion appears.
There are many benefits you can expect from helping PowerPool continuously increase the size of this pool and its investor base.
- PowerPool and its family of Power Universe tokens has a broad social following and community within the Ethereum ecosystem. Mutually broadcasting your project's inclusion in BSCDEFI, which was agreed with BSC and Wintermute, will bring your token validation and the attention of a much broader investor base outside of just BSC;
- Your tokens locked in the BSCDEFI pool are essentially out of circulation, decreasing ongoing selling pressure;
- Unlike other structured investment managers, PowerPool actively manages your tokens in the pool for yield, and will work with you to stake the tokens in the pool in mutually beneficial ways
- In addition to social media announcements at launch, we plan to run educational marketing activities, such as AMAs, with partners like BSC, Binance, and other constituent projects that will further publicise your token.
We would like to request your help in developing a jointly-publicised and jointly-incentivised launch program to attract maimum TVL into $BSCDEFI...
What has been agreed for launch support with BSC?
Dear Chef Hops (pancakeswap@gmail.com)
As you know, at the request of BSC, and in collaboration with the Linear BSC-native synthetics platform, the PowerPool DAO has agreed to launch a thematic $BSCDEFI pool token giving investors actively-managed, yield-generating exposure to BSC-centric DeFi projects, with or without hedging. PowerPool has learned from launching previous products that it is important to act in concert with other DAOs, especially synthetics and derivatives sites, as well as lending sites, to maintain fungible composability of the pooled token.
The initial composition agreed with BSC and market makers is as follows:
- PancakeSwap/CAKE: 40%
- Venus/XVS: 16%
- MDEX/MDX: 8%
- Ellipsis/EPS: 7%
- BakerySwap/BAKE: 6%
- Linear/LINA(BSC): 5%
- Autofarm/AUTO: 5%
- Dodo/DODO: 4%
- CREAM/CREAM: 3%
- TokoCrypto/TKO: 2%
- Alpaca/ALPACA: 0%
- Beefy Finance/BIFI: 0%
- Spartan/SPARTA:0%
- Soteria/WSOTE:0%
- Premia/PREMIA:0%
- Saffron Finance/SFI:0%
Note that there are at least 6 BSC DeFi projects waiting to enter into consideration for non-zero weightings, mostly because they are not yet listed on the Binance CEX. As and when these zero-weighted candidates become listed, or when the Binance CEX listing requirement is relaxed, the zero weightings of these projects will be reviewed.
PancakeSwap is an obvious launch partner candidate for $BSCDEFI since CAKE makes up 40% of the pool. The $BSCDEFI pool has institutional investor appeal, and with the help of PancakeSwap we hope to develop one or more incentivised pools on PancakeSwap, dramatically increasing TVL and fees for both our projects. Incentivised pools on PancakeSwap will help us to reduce reliance on CEX-based market makers, and help bring the zero-weighted tokens, which trade primarily on PancakeSwap, into the pool.
Unlike all other structured investment pool managers, PowerPool actively harvests rewards accruing to the tokens in the pools. In the case of CAKE, the plan is to auto-stake in PancakeSwap, again giving us both an incentive to push for maximum TVL/AUM.
We would like to request your help in developing a jointly-incentivised launch program, in coordination with BSC and Linear, to attract the attention of the market to $BSCDEFI.
Please let us know the best way to proceed
Thanks for your help,
PowerPool DAO
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