ASSY Sushi Staking Launch by Power Pool

Power Pool introduced the long-awaited feature for the ASSY pool that is finally audited and prepared for deployment.

ASSY is the first Dynamic AMM pool that will use tokens in external protocols for receiving an additional yield on pooled capital. It will provide additional income for LPs.

The first token from ASSY (AAVE SUSHI SNX YFI) that will be used for staking is Sushi. It will be staked into xSushi, and all mined Sushi tokens will be added to the ASSY pool, benefiting LPs.

The main feature of this approach is that the pool doesn’t have xSushi in composition, but has ppSushi. It offers great flexibility for asset management in the pool in comparison with direct usage of xSushi.

For staking opportunities with a cooldown period that prevents unstaking on-demand Wrapper contract will hold some amount of base assets not staking for fulfillment pool swaps. The reference case is staking AAVE into the AAVE safety module (note — AAVE is the next asset for staking implementation in PowerPool).

What is Power Pool?

PowerPool allows token holders to lend, pool, borrow, and gain income from governance tokens, while accumulating governance power in protocols based on the Ethereum network. PowerPool’s mission is to expand the utility of governance tokens and improve decision making in DeFi.

📰 INFO:

https://medium.com/powerpool/launch-of-assy-sushi-staking-edc22c565d1