Powerloom Protocol Announcements
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The Powerloom Galxe Genesis Quest has seen a phenomenal turnout, with 7,000+ participants joining the action! πŸ₯³

Thank you all for making this event a massive success. πŸ™

USDC rewards will be distributed on Polygon PoS later this week, so stay tuned! πŸ™Œ
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πŸ“…πŸŽ―January 9th πŸ’ͺ

Spread the word πŸ‘‰ https://x.com/Powerloom/status/1869806432838922256
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🎁 500K+ $POWER rewards. 10,000 winners. TWO weeks ⏰

Start here πŸ‘‰ https://powerloom.network/gpm-tournament

The GPM Tournament is our way of thanking early users of this next-gen consumer app.

We’re rewarding them with 500K+ $POWER tokens, based on leaderboard rankings along two flanks: Volume & Profit πŸ‘€

For a full guide on how to participate, you can read this blog post: https://blog.powerloom.io/gpm-tournament-announcement-and-participation-guide/

Spread the word on X: https://x.com/Powerloom/status/1870038280768762298
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🀝 Get your questions ready β€” tomorrow MEXC is hosting an AMA with our co-founder Swaroop on X!

⏰ Set your reminder below so you do not miss it πŸ‘‡

https://x.com/i/spaces/1rmxPogpZbjJN/peek

Spread the word: https://x.com/Powerloom/status/1874765125837812174
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πŸŽ‰ 2024 was Powerloom's most transformative year so far! We achieved real scale with 5300+ Snapshotters, and built a mature architecture ready for mainnet to support powerful apps like GPM! πŸš€

Read all about this journey in the recap blog πŸ‘‡

https://blog.powerloom.io/powerlooms-2024-highlights-building-up-for-mainnet-launch-in-january-2025-2/

Help spread the word on X:

https://x.com/Powerloom/status/1875533004564729978
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πŸŽ‰ As we prepare to launch our Mainnet on January 9, 2025, it's a delight to unveil the Powerloom Layer-2 (L2), built using the OP Stack and EigenDA, powered by Conduit. ⚑️

πŸ“– Read more about it on our blog: https://blog.powerloom.io/powerloom-chain-is-ready-built-with-op-stack-eigenda-under-the-hood/

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1876356044622033042
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πŸŽ‰ $POWER unlocks on January 10, 2025 πŸ’ͺ

The day AFTER Powerloom Mainnet goes live on January 9 πŸ’«

Details about claims, launch partners, and more out soon πŸ‘€

❗ Use links from official profiles ONLY. Stay vigilant, stay SAFU.

πŸ—£οΈ Spread the word: https://x.com/Powerloom/status/1876603660609933638
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πŸŽ‰ Exciting news: Gate.io supports Powerloom L2!

When $POWER unlocks on Jan 10, 9:00 AM UTC, Gate users can directly interact with our L2, without paying high transfer fees on Ethereum.

It's another step towards the smooth, accessible UX Powerloom ensures πŸ’ͺ

ICMI L2 announcement https://t.me/PowerLoomProtocol/185

πŸ—£Spread the word: https://x.com/Powerloom/status/1876973598482849794
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Responding to the community is our priority β€” ALWAYS! 🀝

Bring it on for Crypto Rand's Discord AMA with SwaroopH on Jan 10, 2025 at 1:00 PM UTC.

Drop your questions in the [ πŸ”— | powerloom-ama ] channel here: πŸ”½

https://discord.gg/rand?event=1326594014006214676

Spread the word: https://x.com/Powerloom/status/1877335690331172934
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πŸŽ‰ Powerloom Mainnet is Live! πŸ’ͺ

We're now a step closer to making accurate, affordable, & verifiable onchain data accessible to everyone in web3 β€” from next-gen apps to end-users.

This marks the beginning of a new era in onchain data access πŸš€

Empowering Snapshotters is our focus in the initial rollout phase, with features like:

β†’ Multi-node setup framework to ease operations
β†’ Local Collector for efficient submissions to Sequencers
β†’ Dashboard for real-time submissions & reward monitoring

Check out our blog for more details: https://blog.powerloom.io/powerloom-mainnet-is-live-kicking-off-a-new-era-in-onchain-data-access/?ref=telegram

πŸ—£οΈ And make sure to spread the word: https://x.com/Powerloom/status/1877485168241311883
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πŸ•™ πŸ—“️ POWER claims begin at 10:00 AM UTC – Jan 10, 2025 πŸ’ͺ

βœ… Checker will go shortly live before that 🀝

Keep an eye on Discord #announcements for updates and official URL πŸ‘€

❗ Use links from official profiles ONLY. Stay vigilant, stay SAFU βš”οΈ
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πŸŽ‰ $POWER Claims Now Live! πŸ’ͺ

Make sure to redeem your rewards & prizes 🀩

🧡 : More details ↓

Who can claim?

βœ… Incentivized Testnet phase1, phase2 and OGs
βœ… Eligible node mint testnet participants
βœ… @Galxe
Genesis Quest Winners
βœ… @betonGPM
SZN1 & SZN2 Winners


The Process:

1. Go to https://claim.powerloom.network
2. Connect your wallet

Once your wallet is connected, a checker will run to confirm your eligibility. Make sure to connect the same wallet that you used to participate in the campaigns

Next, you have two options:

1. Claim on Powerloom L2 – Instant & gasless
2. Claim on Ethereum – Costs ETH for gas, plus you have to make a gasless TX on the L2 first, & wait for ~5 mins for confirmation.

That's it for the claims process β€” we made it easy & seamless, just like everything we do at Powerloom.

BUT this is just the beginning. There's a long journey ahead, with lots of incentives & rewards.

Stay tuned & POWER up for the future of onchain data access and SAFU πŸ’ͺ πŸš€

Spread the word: https://twitter.com/Powerloom/status/1877776633488134654
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πŸŽ‰ Snapshotters! We have exciting updates πŸ’ͺ

βœ… Existing node operators can claim unlocked $POWER & Daily Mainnet Rewards
πŸš€ New Snapshotters can join Powerloom Mainnet by staking 10K $POWER

πŸ‘‰ 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/

πŸ‘€ Keep an eye on #snapshotter-announcements β€” don’t miss upcoming updates πŸš€

If you 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/) or drop a query on #snapshotter-discussions 🀝

πŸ—£οΈ Share on X: https://x.com/Powerloom/status/1879173397374251367
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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
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🚨 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
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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
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🚨 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
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🚨 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
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