Three birds, one stone: Enhancing DeFi with political parties

[Lenipiw]

Political parties on the blockchain could soon become a reality for the DeFi space. 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.
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Cointelegraph also spoke to one of the protocol’s anonymous developers, who goes by the pseudonym “Leeroy,” to learn more about why high-profile investors are showing interest in the project. Indeed, the protocol was designed to attract both major ecosystem players and minor token holders alike.