Powerloom Protocol Announcements
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πŸŽ‰ New milestones reached:

βœ… 100+ new node mints
βœ… 1M+ $POWER locked

POWERing ON! We’re making accurate, reliable, & affordable onchain data accessible to everyone πŸ’ͺ

Contribute to this revolution. Earn Daily Rewards 🀩

πŸ‘‰ Start here: https://mint.powerloom.network/

πŸ“– Read our blog for details about how to claim, mint, & more: https://blog.powerloom.io/snapshotter-update-power-claims-daily-rewards-new-operator-onboarding/

πŸš€ ICYMI, we’re already having a blast in 2025: https://x.com/Powerloom/status/1880276354018734088

Need help setting up or running your nodes on Powerloom Mainnet? Check out our in-depth docs: https://docs.powerloom.io/docs/category/lite-node-v2/ 🀝

πŸ—£οΈ AND don’t forget to spread the word: https://x.com/Powerloom/status/1881391135626772581
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πŸ’ͺ Something's cooking! Stay tuned πŸ‘€

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1884240936450076890
🚨 Snapshotter Updates β€” The First 30 Days

Our Mainnet completes a month! Here's how much Snapshotters earned during this period:

βœ… Total rewards = 1.5 million POWER (1408/node)

βœ… Recent daily avg. = 34 POWER/node

Start TODAY, if you’re still not running your node(s). Don’t miss out on POWER rewards πŸ’ͺ

πŸš€ New node mints = 183
⚑ New $POWER staked = 1.83 million

πŸ‘‰ Get yours using our Mint Dashboard

πŸ“– If you need help minting or running your node(s), read this blog post or consult our in-depth documentation. Or reach out to us on Discord.

❗ POWER vesting has started for all OG nodes.

πŸ‘€ Visit Mint Dashboard to check & claim vested tokens for burned nodes 🀝

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1888998700200100333
Bring it on for an AMA on Crypto Rand's Discord πŸ’ͺ

Feb 13, 2025 (Thursday) at 1PM UTC πŸ—“οΈ πŸ•

Drop your questions here: πŸ”½

https://discord.gg/rand?event=1338853799040651264&s-

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1889663306845266370
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πŸŽ‰ Node Staking is LIVE!

Earn Daily Rewards with ANY amount of $POWER πŸ’ͺ

πŸ”— πŸ‘‰ https://mint.powerloom.network/staking

Now you can contribute to the Powerloom network even if you don't have enough POWER to mint a node.

Start with as little as ONE POWER and earn a share of the Daily Rewards in proportion to your contributions 🀝

We’re also boosting the daily reward pool of Uniswap v2 data market by 10% to 55,000 $POWER 🎁

πŸ“– Read this blog post for details about Node Staking and how to participate πŸ‘‰ https://blog.powerloom.io/node-staking-is-live-earn-daily-rewards-with-any-amount-of-power/

For more help, drop your queries in #snapshotter-discussion on Discord

πŸ—£οΈ Spread the word:https://x.com/Powerloom/status/1895154099987038503
🚨 Node Staking Update πŸ’ͺ

βœ… Nodes Minted = 30+
βœ… Total Staked = 333K+ POWER
βœ… POWER APY = ~86.8%

Earn Daily Rewards with ANY amount of POWER πŸš€

πŸ‘‰ Start here: https://mint.powerloom.network/staking

❗ICYMI, you can start earning Daily Rewards with Node Staking, even if you don't have enough $POWER to mint a new node.

πŸ‘€ Check out our complete guide on Node Staking & how to participate: https://x.com/Powerloom/status/1895154099987038503

For more help, drop your queries on Discord: https://discord.com/invite/powerloom

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1896872564552839360
🚨 OP Stack has dropped support for custom gas tokens:

https://x.com/OPLabsPBC/status/1894827795832021145

It's a disappointing development, especially with the Ethereum Pectra upgrade around the corner.

We're left with NO choice but to migrate our chain β€” Powerloom is moving to Arbitrum Orbit (πŸ’™,🧑).

πŸ“WHY Arbitrum Orbit

βœ… We battle-tested the stack with Onchain Points

βœ… Offchain Labs has confirmed their commitment to intensifying efforts on custom gas tokens

βœ… With faster finality, users experience quicker L2 β†’ L1 withdrawals

Sticking to the OP Stack means:

❌ Resetting the chain by dropping native L2 $POWER & using $ETH as the gas token
❌ Making substantial changes to our UX & audited protocol/contracts

This will have an unsustainable impact on the protocol, associated operators, and users.

❗*The migration ONLY applies to Powerloom L2. $POWER tokens on Ethereum will NOT be affected. L1 transactions & trading will remain uninterrupted.*

πŸ’ͺ Our core devs are already testing changes on the Devnet to minimize effort and intervention required by snapshotters, stakers, & $POWER holders.

πŸ—“οΈ β³ We’ll share the detailed transition plan & necessary guides by the end of next week. For now, continue using Powerloom as usual 🀝

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1897669070688022845
πŸŽ‰ We crossed a million $POWER staked through Node Staking 🎊πŸ’ͺ

12 days πŸ—“οΈ
100+ nodes minted πŸš€
1.13M+ $POWER staked πŸ’ͺ

Earn Daily Rewards with ANY amount of $POWER πŸš€

πŸ“£ ICYMI, you can earn Daily Rewards via Node Staking, even if you don't have enough $POWER to mint a new node.

πŸ‘‰ Start here: https://mint.powerloom.network/staking

πŸ‘€ Check out our complete guide on Node Staking & how to participate: πŸ”½

https://x.com/Powerloom/status/1895154099987038503

Drop your queries on our Discord for more help 🀝

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1899410640370086374
🎯 POWERLOOM MAINNET V2 MIGRATION

We’re upgrading the L2 chain to Arbitrum Nitro next week!

πŸ“… March 27, 2025

πŸ“– Migration docs: https://docs.powerloom.io/category/chain-migration/

βΈ»

1/ Key Info:

πŸ”Ή Epoch 55000: Network state freeze on older chain
⏳ 6hr window: State transition to V2
πŸš€ V2 epoch release resumes post-state sync
πŸ›‘οΈ Protocol state preserved

βΈ»

2/ πŸ“Έ Snapshotter Operators:

🚨 Update your nodes before Epoch 55000

πŸ”— Full guide + verification steps: docs.powerloom.io/chain-migration/snapshotters

βΈ»

3/ πŸ’° $POWER Holders on L2

🚨 Action Required!

πŸ”Έ Old chain will shut down before Ethereum upgrades to Pectra (~1 month from today)
πŸ”Έ Start migrating your unstaked $POWER tokens to the new chain
πŸ”Έ Tokens on Ethereum are unaffected

πŸ”— Migration guide: docs.powerloom.io/chain-migration/wallets

βΈ»

4/ 🏦 Stakers:

βœ… Your stakes will auto-migrate!

πŸ”— Migration steps: docs.powerloom.io/chain-migration/stakers

βΈ»

5/ 🎯 Snapshotter NFT Holders:

βœ… No action needed!

πŸ”— Details: docs.powerloom.io/chain-migration/minters

βΈ»

6/ πŸ”— Chain Info

The new chain is powered by Conduit – read more: docs.powerloom.io/chain-migration/info

πŸš€ The V2 upgrade brings enhanced performance & reliability to Powerloom!

βΈ»

❓ Need help? We’re here! Join our Discord: discord.gg/powerloom


πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1902712114831397350
🀩 Powerloom Mainnet V2 Bridge is 7x FASTER πŸ”₯

βœ… Move $POWER from our upgraded L2 β†’ L1 in ~24 hours, not 7 days
βœ… Pay less gas fees β€” Arbitrum bridge only requires 2 TXs vs. 3 on the OP Bridge
βœ… Reduce your dependence on CEXs

❗ICYMI, we're upgrading our L2 chain to Arbitrum Nitro (πŸ’™,🧑)

You can start using the new, faster bridge after migrating your unstaked L2 $POWER to Powerloom Mainnet V2. The older L2 running on OP Stack will be deprecated soon!

πŸ‘‰ Use our custom migration bridge: https://migrate.powerloom.network

Moving $POWER to Mainnet V2 takes <5 minutes πŸš€

Once it’s done, check out Bridge V2 here: https://bridge-v2.powerloom.network πŸ’«

πŸ“– Full POWER migration guide: https://x.com/Powerloom/status/1902712114831397350

πŸ”— Join our Discord if you need more help: http://discord.gg/powerloom

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1904280161203413292
🚨 Powerloom mainnet migrates to the new Arbitrum Nitro stack in less than 24 hours!

πŸ‘‰ Upgrade your Snapshotter nodes
πŸ‘‰ Bridge unstaked L2 $POWER to the new chain

Details from previous announcement: https://t.me/PowerLoomHQ/19989

Snapshotter NFTs, rewards & staked $POWER will migrate automatically. NO action is required βœ…

We will provide more updates as things progress ⏳

For more help, reach out on Discord: http://discord.gg/powerloom

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1904815670509920268
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πŸŽ‰ Powerloom Mainnet V2 Migration is COMPLETE! 🎊

Freely use native $POWER with our migrated L2 chain powered bybuilt on Arbitrum Nitro.

Our core devs ensured a smooth migration, with minimal user actions or protocol interruptions πŸ’ͺ

βœ… First V2 epoch (ID: 55001) was released with migrated state. Snapshotter nodes are now submitting to the new V2 chain managed by Conduit β€” check verification logs to confirm: https://docs.powerloom.io/chain-migration/snapshotters#-verification-logs

βœ… Snapshotter NFTs, unclaimed rewards, & staked $POWER have been migrated automatically. NO user action was required.

βœ… Normal node operations & claims have resumed on the new chain. All historical data have been retained.

Check dashboards for latest rewards & balances on Mainnet V2.

Snapshotter: https://snapshotter-dashboard.powerloom.network

Node Staking: https://mint.powerloom.network/staking

πŸš€ Continue using Powerloom with native L2 $POWER. Experience the enhanced performance, stability, & reliability enabled by the V2 upgrade: https://t.me/PowerLoomProtocol/203

🚨 The older L2 running on OP Stack will be deprecated soon.

Move your unstaked L2 $POWER to the new chain if you haven't already.

πŸ‘€ Full POWER migration guide: https://x.com/Powerloom/status/1902712114831397350

πŸ‘‰ Complete migration timeline & info about the new chain: https://t.me/PowerLoomProtocol/202

πŸ†˜ Need help? Reach out via Discord: http://discord.gg/powerloom

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1906846974621745489
πŸŽ‰ Node Staking reaches new heights on our migrated L2 chain powered by Arbitrum Nitro πŸš€


βœ… $POWER staked: 3.33m+

βœ… Nodes minted: 333+

βœ… Total rewards: 175k+ $POWER

πŸ’ͺ Node Staking has grown steadily despite recent challenges posed by the migration to the new L2 chain.

Our core devs made this possible, executing one of crypto's smoothest, non-disruptive mainnet migrations.

Soon, we'll drop a piece on how they achieved this. Stay tuned 🫑

🀩 Earn Daily Rewards with ANY amount of $POWER through Node Staking.

πŸ‘‰ Start here: https://mint.powerloom.network/staking

πŸ‘€ Check our announcements for details: https://t.me/PowerLoomProtocol/201

πŸ†˜ Need help? Reach out via Discord: http://discord.gg/powerloom

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1907908350521782400
βœ… Verifiability, security, and resilience are non-negotiable for our composable infra to catalyze next generations of data-rich web3 innovations.

🀝 We thank Quantstamp for rigorously auditing all workflows involving the onchain protocol state and components.

πŸ“– Full report is published here: https://certificate.quantstamp.com/full/powerloom-l-2/695c4ca5-2bab-42f2-b41d-bff9eec03f32/index.html

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1909729018607546687
πŸ’ͺ Our Core Devs recently pulled off one of crypto's smoothest L2 chain migrations.

βœ… There was minimal downtime
βœ… It required ONLY TWO user actions

πŸ“– Check out our latest blog post to know everything about how this was achieved:
https://blog.powerloom.io/powerloom-mainnet-v2-migration-how-we-ensured-minimal-downtime-user-actions/

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1910226044595982698
🚨 Powerloom V1 Chain Shutdown

πŸ‘‰ April 22, 2025: Migration bridge closes

πŸ‘‰ April 30, 2025: V1 chain stops

❗URGENT ACTIONS are required for $POWER holders and Snapshotter Node operators.

1️⃣ Migrate your unstaked $POWER from the V1 chain before April 22, 2025.

⚠️ Tokens sitting on the old chain after this date will be lost forever. Our team won’t be able to help you recover them.

Not sure if you still have a $POWER balance on the V1 chain? Check if your wallet is on this list of token holders on the V1 chain: https://explorer.powerloom.network/accounts

πŸ“– Here's our guide if you need help migrating your tokens: https://docs.powerloom.io/chain-migration/wallets

2️⃣ Upgrade your Snapshotter nodes to the latest release (v2.8.0) by April 30, 2025.

It’s highly recommended. Otherwise, node restarts will likely crash out, causing submission loss and downtime.

πŸ‘€ Get more details on our Discord: https://discord.com/channels/777248105636560948/1146931631039463484/1361639267805302845

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1912381179229249963
πŸŽ‰ RelayProtocol has added Powerloom V2 Chain!

https://relay.link/bridge/powerloom-v2

Swap assets from multiple chains. Get native $POWER directly on our migrated L2 chain powered by @arbitrum Nitro ⚑

πŸ€‘ Minimal fees
πŸš€ Bridges in seconds
πŸ’ͺ Single transaction & a seamless UX

The Relay bridge is for anyone who wants to get native L2 $POWER onchain for staking or running a Snapshotter Node!

πŸ‘‰ Swap here: https://relay.link/bridge/powerloom-v2

πŸ‘€ Also check out our native Arbitrum Bridge for a more decentralized experience: https://bridge-v2.powerloom.network

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1915165641037971499
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⚑️ 5 MILLION $POWER now staked!

🎁 Daily Node Rewards Now at 65,000 $POWER

πŸ€‘ Stake as little as 1 POWER and snag ~75% APY πŸ‘‰ https://mint.powerloom.network/staking πŸ‘ˆ

Read more about Node Staking at: https://blog.powerloom.io/node-staking-is-live-earn-daily-rewards-with-any-amount-of-power/

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1915646296477892840