PowerPool is a protocol that aims to accumulate governance power in Ethereum based protocols. It allows token holders to pool, lend, and borrow governance tokens, as well as earn income and accumulate governance power in protocols. The token used to govern and incentivize users in the PowerPool platform is called Concentrated Voting Power (CVP).

Quality on-chain governance mechanisms are an integral component of making the cryptoasset industry more sustainable and resilient. However, certain issues such as voter apathy, high gas costs to vote, and whale dominance hinder majority token holders' interest in participating in on-chain governance. For governance-based protocols to make decisions aligned with every stakeholder, it is crucial for the majority to participate.

Established in 2020 by an anonymous team, PowerPool aims to address on-chain governance problems through meta-governance. PowerPool can be seen as a "holding company" of the blockchain world, with meta-governance being a mechanism where community governance controls its "subsidiaries".

PowerPool's flagship product, PowerIndex, offers a solution to the problem of meta-governance by allowing governance token holders to pool their tokens into an index and delegate their governance power to PowerPool stakeholders (CVP holders and Index LP token holders). Token holders are incentivized through incremental yield from CVP liquidity mining rewards for supplying governance tokens to the index.

By combining these solutions with the Banzhaf Power Index, PowerPool aims to overcome voter apathy, increase participation and engagement in governance, and empower minority stakeholders with voting rights and distributed rewards.

While platforms like PieDAO and IndexCoop offer metagovernance features, PowerPool differentiates itself by utilizing Protocol Politician and Boardroom in their implementation. PieDAO employs a Diamond standard contract, and Indexcoop uses a Manager as multisigs to vote based on the respective protocol proposal using the underlying tokens from the index with the majority of votes.

Each platform has its advantages and drawbacks. Integrating Boardroom into each governance token project is necessary for PowerPool to implement the delegate and voting feature. On the other hand, the Diamond standard contract allows for flexibility in stacking other contracts together but is more complex to implement. Lastly, Indexcoop requires a "manager" who votes on behalf of the voters, which introduces an additional trust layer.