Harmony x PowerPool Strategic Partnership
Harmony and PowerPool announced strategic partnership to bring advanced structured investment products/asset management solutions to ONE ecosystem.
The main goal of this partnership is to make the Harmony Defi ecosystem easily accessible to everyone via diversified DeFi pools/indexes managed by PowerPool DAO.
PowerPool plans to build Harmony DeFi blue chips investment token, titled ‘$ONEDEFI’. PowerPool’s pooled $ONEDEFI investment token will allow getting exposure to ONE DeFi ecosystem with a single token offering auto-harvested rewards.
$ONEDEFI token representing an actively managed basket of best Harmony DeFi assets automatically harvesting yield.
$ONEDEFI design represents PowerPool vision: DeFi indices should offer not only exposure to price action but also staking rewards which are substantial especially at the early stages of adoption and TVL acquisition.
About PowerPool
PowerPool is a multi-chain DAO manager of non-custodial, structured, thematic investment products. These products are rewards-rich, gas-efficient, targeting various L1 and L2 chains, offering average investors easy-to-use hedging options. PowerPool operates an advanced asset management platform using an affiliated network of Power Agent contracts that can automate any on-chain activity.
About Harmony
Harmony is an open and fast blockchain. Their mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Their secure bridges offer cross-chain transfers with Ethereum, Binance and 3 other chains.
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