The tagline that #PowerPool often uses to introduce #PowerAgent is that ‘smart contracts do not execute themselves’.
Task #automation includes specifying all the conditions that determine whether/when something should happen.
All the data, event triggers, time, whatever, is usually available either #onchain or from the #oracle network.
So automation is a no-brainer for #DeFi, and it’s been coming, but doing it correctly depends on a fully trustworthy decentralized, #autonomous, open source automation #network. And that’s what, essentially, #PowerAgentv2 is.
Gordon Gekko
https://twitter.com/powerpoolcvp/status/1774093431939244046
Task #automation includes specifying all the conditions that determine whether/when something should happen.
All the data, event triggers, time, whatever, is usually available either #onchain or from the #oracle network.
So automation is a no-brainer for #DeFi, and it’s been coming, but doing it correctly depends on a fully trustworthy decentralized, #autonomous, open source automation #network. And that’s what, essentially, #PowerAgentv2 is.
Gordon Gekko
https://twitter.com/powerpoolcvp/status/1774093431939244046
X (formerly Twitter)
PowerPool (@powerpoolcvp) on X
The tagline that #PowerPool often uses to introduce #PowerAgent is that ‘smart contracts do not execute themselves’.
Task #automation includes specifying all the conditions that determine whether/when something should happen.
All the data, event triggers…
Task #automation includes specifying all the conditions that determine whether/when something should happen.
All the data, event triggers…
#PowerAgent is fully supportive of the narrative that we need to provide more revenue sources to independent #stakers and home #validators and preserve Ethereum decentralization. #PowerPool DAO in general is wholly committed to defending the maximum decentralization of #Ethereum.
Via our partnership with DappNode , we make it easy for anyone running a #DAppNode #ETH validator to also launch a #PowerAgentv2 Keeper node on top of their validator and earn extra fees in $ETH.
This provides additional income for any DAppNode #validator choosing to participate as a PowerAgent Keeper #node.
Vasily Sumanov
https://twitter.com/powerpoolcvp/status/1774376140091572248
Via our partnership with DappNode , we make it easy for anyone running a #DAppNode #ETH validator to also launch a #PowerAgentv2 Keeper node on top of their validator and earn extra fees in $ETH.
This provides additional income for any DAppNode #validator choosing to participate as a PowerAgent Keeper #node.
Vasily Sumanov
https://twitter.com/powerpoolcvp/status/1774376140091572248
X (formerly Twitter)
PowerPool (@powerpoolcvp) on X
#PowerAgent is fully supportive of the narrative that we need to provide more revenue sources to independent #stakers and home #validators and preserve @Ethereum decentralization. #PowerPool DAO in general is wholly committed to defending the maximum decentralization…
Attention #PowerPool Community!
Check out the March, 2024 stats from the #PowerAgentv2 incentivized #Testnet by PowerPool:
🔹 New Keepers joining the network
🔹 Fresh Jobs for them to carefully monitor and execute
🔹 Gas compensations and #automation fees for their services
Want to be part of the action? Join PowerPool now and stay tuned for more updates!
https://twitter.com/powerpoolcvp/status/1774524910817185829
Check out the March, 2024 stats from the #PowerAgentv2 incentivized #Testnet by PowerPool:
🔹 New Keepers joining the network
🔹 Fresh Jobs for them to carefully monitor and execute
🔹 Gas compensations and #automation fees for their services
Want to be part of the action? Join PowerPool now and stay tuned for more updates!
https://twitter.com/powerpoolcvp/status/1774524910817185829
Let’s digest the insights into the monumental Dencun Upgrade and its transformative impact on #PowerPool and #web3 automation.
Dive into the full details here: https://medium.com/powerpool/the-cancun-deneb-dencun-upgrade-its-impact-on-the-ethereum-ecosystem-and-on-chain-automation-38d16df495f3
This significant upgrade, combining improvements to #Ethereum's execution and consensus layers, marks a pivotal moment in enhancing scalability, security, and usability across the network. With Proto-Danksharding and new blob-carrying transactions, we're witnessing a dramatic reduction in #gas costs for Layer 2 Rollups, making transactions more affordable and efficient for everyone in our community.
The PowerPool team is especially excited about how these developments bolster our #PowerAgent network, enabling us to offer #automation services at significantly lower costs. This upgrade represents a leap forward in our mission to make #DeFi automation accessible and affordable for all, ensuring our community members can maximize their strategies without being hindered by high #transaction fees.
We're committed to leveraging these advancements to further innovate and provide value to our users. As #ETH continues to evolve, so too will PowerPool, ensuring we remain at the forefront of DeFi automation.
We invite you to explore the article to understand the full scope of the #Dencun Upgrade's impact and join us in embracing the future of Ethereum and on-chain automation!
https://twitter.com/powerpoolcvp/status/1775262253769753086
Dive into the full details here: https://medium.com/powerpool/the-cancun-deneb-dencun-upgrade-its-impact-on-the-ethereum-ecosystem-and-on-chain-automation-38d16df495f3
This significant upgrade, combining improvements to #Ethereum's execution and consensus layers, marks a pivotal moment in enhancing scalability, security, and usability across the network. With Proto-Danksharding and new blob-carrying transactions, we're witnessing a dramatic reduction in #gas costs for Layer 2 Rollups, making transactions more affordable and efficient for everyone in our community.
The PowerPool team is especially excited about how these developments bolster our #PowerAgent network, enabling us to offer #automation services at significantly lower costs. This upgrade represents a leap forward in our mission to make #DeFi automation accessible and affordable for all, ensuring our community members can maximize their strategies without being hindered by high #transaction fees.
We're committed to leveraging these advancements to further innovate and provide value to our users. As #ETH continues to evolve, so too will PowerPool, ensuring we remain at the forefront of DeFi automation.
We invite you to explore the article to understand the full scope of the #Dencun Upgrade's impact and join us in embracing the future of Ethereum and on-chain automation!
https://twitter.com/powerpoolcvp/status/1775262253769753086
Medium
The Cancun-Deneb (Dencun) Upgrade: Its impact on the Ethereum ecosystem and on-chain automation…
In this article, we will delve into the components of the Cancun-Deneb upgrade, explore its effects on the PowerAgent network, and more.
Week 14, 2024 rewards for the #PowerAgentV2 incentivized #testnet participants have been distributed!
30 PowerAgent Keepers from Gnosis Chain and the Sepolia testnet have received 100 #CVP each for their outstanding contributions to #PowerPool.
Check out the transaction here: https://etherscan.io/tx/0x1ff9015ff7f6d2cc36600db706f03a02dff8aff3f997b39aef5dbddd351db827
A huge thank you to our amazing community for playing a crucial role in bringing our vision of automated #web3 to life!
https://twitter.com/powerpoolcvp/status/1775500043992113549
30 PowerAgent Keepers from Gnosis Chain and the Sepolia testnet have received 100 #CVP each for their outstanding contributions to #PowerPool.
Check out the transaction here: https://etherscan.io/tx/0x1ff9015ff7f6d2cc36600db706f03a02dff8aff3f997b39aef5dbddd351db827
A huge thank you to our amazing community for playing a crucial role in bringing our vision of automated #web3 to life!
https://twitter.com/powerpoolcvp/status/1775500043992113549
#PowerAgentv2 is designed with Keeper selection algorithms based on genuine #randomness because if it’s known who will be the next Keeper selected by the network, that critically undermines its #security.
The main purpose of the #PowerAgent network is to protect Job Owners from Keeper malicious behavior and non-execution of their tasks. Random Keeper selection is incredibly important for these goals.
Vasily Sumanov
https://twitter.com/powerpoolcvp/status/1775986672796069919
The main purpose of the #PowerAgent network is to protect Job Owners from Keeper malicious behavior and non-execution of their tasks. Random Keeper selection is incredibly important for these goals.
Vasily Sumanov
https://twitter.com/powerpoolcvp/status/1775986672796069919
X (formerly Twitter)
PowerPool (@powerpoolcvp) on X
#PowerAgentv2 is designed with Keeper selection algorithms based on genuine #randomness because if it’s known who will be the next Keeper selected by the network, that critically undermines its #security.
The main purpose of the #PowerAgent network is to…
The main purpose of the #PowerAgent network is to…
The majority of current #web3 projects could benefit from the #automation of their routine on-chain tasks. With #PowerAgentv2, #PowerPool provides all #DeFi protocols, #dApps, and individuals with crucial, autonomous #infrastructure for their operations.
Let’s dive! 🧵👇
https://medium.com/powerpool/poweragent-automation-network-value-proposition-functions-f40fd71d817e
#PowerAgentv2 is an open-source, #decentralized network offering guaranteed and #secure execution of #smartcontracts. It serves as the “#ZeroLayer" for automation in #web3, enabling the development of innovative products and services on top.
Client protocols can customize #PowerAgent to their needs, enhancing #flexibility and #efficiency.
By providing a reliable and #decentralized #automation infrastructure, #PowerAgentv2 empowers #DeFi projects to operate more efficiently and securely. It paves the way for the next wave of innovation in the #blockchain space.
#PowerAgentv2 is a game-changer in the #web3 space, offering a powerful #automation #network that enhances the capabilities of existing #DeFi protocols and enables the creation of new, innovative products.
Learn more about #PowerAgent’s value proposition and functions: https://medium.com/powerpool/poweragent-automation-network-value-proposition-functions-f40fd71d817e
https://twitter.com/powerpoolcvp/status/1776286777713566142
Let’s dive! 🧵👇
https://medium.com/powerpool/poweragent-automation-network-value-proposition-functions-f40fd71d817e
#PowerAgentv2 is an open-source, #decentralized network offering guaranteed and #secure execution of #smartcontracts. It serves as the “#ZeroLayer" for automation in #web3, enabling the development of innovative products and services on top.
Client protocols can customize #PowerAgent to their needs, enhancing #flexibility and #efficiency.
By providing a reliable and #decentralized #automation infrastructure, #PowerAgentv2 empowers #DeFi projects to operate more efficiently and securely. It paves the way for the next wave of innovation in the #blockchain space.
#PowerAgentv2 is a game-changer in the #web3 space, offering a powerful #automation #network that enhances the capabilities of existing #DeFi protocols and enables the creation of new, innovative products.
Learn more about #PowerAgent’s value proposition and functions: https://medium.com/powerpool/poweragent-automation-network-value-proposition-functions-f40fd71d817e
https://twitter.com/powerpoolcvp/status/1776286777713566142
Medium
PowerAgent Automation Network: Value Proposition & Functions
Decentralized, Trustworthy, and Reliable Contract Execution
You as noderunners or prospective node runners, want to get the best return out of your stack, your time, and attention.
Adding a #PowerAgent Keeper/node on top of an #Ethereum node is virtually a no-brainer in terms of getting the most from your base stack.
And everyone in Ethereum wants more small, independent home stakers. But to achieve that, we need to get the node-runner return up, and that's what #PowerPool is doing with the #PowerAgentv2 network.
#PowerAgent is the missing piece and everyone should know about it.
Gordon Gekko
https://twitter.com/powerpoolcvp/status/1776584501382029629
Adding a #PowerAgent Keeper/node on top of an #Ethereum node is virtually a no-brainer in terms of getting the most from your base stack.
And everyone in Ethereum wants more small, independent home stakers. But to achieve that, we need to get the node-runner return up, and that's what #PowerPool is doing with the #PowerAgentv2 network.
#PowerAgent is the missing piece and everyone should know about it.
Gordon Gekko
https://twitter.com/powerpoolcvp/status/1776584501382029629
X (formerly Twitter)
PowerPool (@powerpoolcvp) on X
You as noderunners or prospective node runners, want to get the best return out of your stack, your time, and attention.
Adding a #PowerAgent Keeper/node on top of an #Ethereum node is virtually a no-brainer in terms of getting the most from your base stack.…
Adding a #PowerAgent Keeper/node on top of an #Ethereum node is virtually a no-brainer in terms of getting the most from your base stack.…
The Natural Evolution to Automated #Web3!
#Decentralized on-chain automation is a key pillar for the future of Web3 user adoption and the #evolution of L1/L2 ecosystems.
Why does #Web3 lean towards automation?
The answer lies in efficiency, reliability, and user-friendliness! 🧵 👇
https://medium.com/powerpool/web3-automation-letters-part-1-the-natural-evolution-to-automated-web3-b2b0322c6fc0
1/ #Smartcontracts can’t execute themselves!
In cases requiring deferred execution based on time or specific logic, a third-party is needed to trigger the #Smart #Contract once the condition is satisfied.
2/ #DeFi's inherent complexity calls for #automation to enhance user experience!
From #yield strategies to #liquidity provision and liquidation protection, automation is key for users to enjoy seamless and convenient experience.
3/ Simplifying #complexity is crucial for #Web3 mass adoption!
#Automation is crucial to onboard the next billion of web3 users as it provides easy-to-use solutions that require minimum input to reap the benefits of #blockchain protocols.
4/ L1/L2 networks and their #validators benefit from #decentralized automation networks!
#Automation (Keeper) networks contribute to L1/L2 #network #decentralization by lowering the barrier to entry for new validators by providing additional incentives of running a full #node.
5/ The future of #Web3 & #DeFi is automated!
Learn more about why in this article: https://medium.com/powerpool/web3-automation-letters-part-1-the-natural-evolution-to-automated-web3-b2b0322c6fc0
https://twitter.com/powerpoolcvp/status/1777430343093510530
#Decentralized on-chain automation is a key pillar for the future of Web3 user adoption and the #evolution of L1/L2 ecosystems.
Why does #Web3 lean towards automation?
The answer lies in efficiency, reliability, and user-friendliness! 🧵 👇
https://medium.com/powerpool/web3-automation-letters-part-1-the-natural-evolution-to-automated-web3-b2b0322c6fc0
1/ #Smartcontracts can’t execute themselves!
In cases requiring deferred execution based on time or specific logic, a third-party is needed to trigger the #Smart #Contract once the condition is satisfied.
2/ #DeFi's inherent complexity calls for #automation to enhance user experience!
From #yield strategies to #liquidity provision and liquidation protection, automation is key for users to enjoy seamless and convenient experience.
3/ Simplifying #complexity is crucial for #Web3 mass adoption!
#Automation is crucial to onboard the next billion of web3 users as it provides easy-to-use solutions that require minimum input to reap the benefits of #blockchain protocols.
4/ L1/L2 networks and their #validators benefit from #decentralized automation networks!
#Automation (Keeper) networks contribute to L1/L2 #network #decentralization by lowering the barrier to entry for new validators by providing additional incentives of running a full #node.
5/ The future of #Web3 & #DeFi is automated!
Learn more about why in this article: https://medium.com/powerpool/web3-automation-letters-part-1-the-natural-evolution-to-automated-web3-b2b0322c6fc0
https://twitter.com/powerpoolcvp/status/1777430343093510530
Medium
Web3 automation letters. Part 1: The natural evolution to automated Web3
One of the huge trends evolving in the space is automated on-chain execution of on-chain/off-chain/mixed algorithms and strategies.
The latest round of rewards for the #PowerAgentV2 incentivized #testnet is here!
Check out the proof of distribution here: https://etherscan.io/tx/0xff771cddb912d9983c25ae1b842e6356996b5f1fde4540d49432575bcf486f75
In week 15 of 2024, we recognized and rewarded the top 30 #Keepers who have been running the latest version of the #PowerAgent software.
Your hard work and dedication to #PowerPool are truly appreciated! Thank you all for your invaluable contributions!
https://twitter.com/powerpoolcvp/status/1777783488340500491
Check out the proof of distribution here: https://etherscan.io/tx/0xff771cddb912d9983c25ae1b842e6356996b5f1fde4540d49432575bcf486f75
In week 15 of 2024, we recognized and rewarded the top 30 #Keepers who have been running the latest version of the #PowerAgent software.
Your hard work and dedication to #PowerPool are truly appreciated! Thank you all for your invaluable contributions!
https://twitter.com/powerpoolcvp/status/1777783488340500491
Such routine tasks like limit orders/stop losses, liquidation protection, and yield compounding shouldn’t require user’s involvement when they can be reliably automated.
Introducing #PowerAgentV2 - a low-cost, decentralized, and permissionless network of independent #Keepers who monitor and execute conditional on-chain tasks submitted by users.
Creating automation Jobs is a breeze with #PowerPool's intuitive UI. Say goodbye to manual tasks and let PowerAgent handle it all for you.
Enhance your #web3 experience now! Learn to create your first Job with PowerAgent:
https://medium.com/powerpool/introduction-to-job-creation-and-automation-with-powerpool-0a22d9989d39
https://x.com/powerpoolcvp/status/1778142669169979499
Introducing #PowerAgentV2 - a low-cost, decentralized, and permissionless network of independent #Keepers who monitor and execute conditional on-chain tasks submitted by users.
Creating automation Jobs is a breeze with #PowerPool's intuitive UI. Say goodbye to manual tasks and let PowerAgent handle it all for you.
Enhance your #web3 experience now! Learn to create your first Job with PowerAgent:
https://medium.com/powerpool/introduction-to-job-creation-and-automation-with-powerpool-0a22d9989d39
https://x.com/powerpoolcvp/status/1778142669169979499
Medium
Introduction to Job creation and automation with PowerPool
Automate your on-chain actions with PowerPool today
ZK-proofing and off-chain computations is critically important for the future of Keeper networks because many protocols have some -tasks based on- off-chain conditions to be correctly automated, and correctly executed.
This is very important and we think that one year from now, the landscape of Keeper networks will evolve and all major L1 networks will integrate some kind of infrastructure like #PowerAgent for off-chain events and off-chain computations because without them they just cannot move forward as there is a LOT of competition from alternative L1s.
Vasily Sumanov
https://twitter.com/powerpoolcvp/status/1778475417424285869
This is very important and we think that one year from now, the landscape of Keeper networks will evolve and all major L1 networks will integrate some kind of infrastructure like #PowerAgent for off-chain events and off-chain computations because without them they just cannot move forward as there is a LOT of competition from alternative L1s.
Vasily Sumanov
https://twitter.com/powerpoolcvp/status/1778475417424285869
X (formerly Twitter)
PowerPool (@powerpoolcvp) on X
ZK-proofing and off-chain computations is critically important for the future of Keeper networks because many protocols have some -tasks based on- off-chain conditions to be correctly automated, and correctly executed.
This is very important and we think…
This is very important and we think…
#Automation networks are the future backbone of #web3!
With the evolving complexity of #DeFi and the need to perform multiple on-chain actions daily, delegating these tasks to specialized #Keeper networks is becoming ever more widespread.
Outsourcing transaction signing based on predefined conditions is the new frontier of #blockchain efficiency!
Our vision? A fully automated web3 enabled by #decentralized Keeper networks.
Discover more about the future of web3 #automation: https://medium.com/powerpool/web3-automation-letters-ad7556cd0374
https://twitter.com/powerpoolcvp/status/1779077499101528435
With the evolving complexity of #DeFi and the need to perform multiple on-chain actions daily, delegating these tasks to specialized #Keeper networks is becoming ever more widespread.
Outsourcing transaction signing based on predefined conditions is the new frontier of #blockchain efficiency!
Our vision? A fully automated web3 enabled by #decentralized Keeper networks.
Discover more about the future of web3 #automation: https://medium.com/powerpool/web3-automation-letters-ad7556cd0374
https://twitter.com/powerpoolcvp/status/1779077499101528435
Medium
Web3 automation letters. Part 2
Traditionally, users have always signed their transactions manually using their wallets. However, it looks like it will change.
One of the key innovative features of the #PowerAgentV2 network is automated slashing. No other #automation network in the market has truly automated slashing without multi-sig authorization or any manual action.
#PowerAgent will automatically slash #Keepers if they do not execute their transaction on time or on condition in an automatic mode ensuring proper incentives for Job execution.
Vasily Sumanov
https://x.com/powerpoolcvp/status/1779952713654038795
#PowerAgent will automatically slash #Keepers if they do not execute their transaction on time or on condition in an automatic mode ensuring proper incentives for Job execution.
Vasily Sumanov
https://x.com/powerpoolcvp/status/1779952713654038795
Great news for #PowerPool #DAO!
We've just updated the #PowerPool history to showcase all our latest achievements!
From the successful deployment of #PowerAgentv2 to the results from our ecosystem partners, new collaborations, latest developments, prototypes, and more - it's all there!
Curious to learn more about what we're up to? Dive into our updated history here: https://powerpool.finance/story/
https://twitter.com/powerpoolcvp/status/1780241347942760752
We've just updated the #PowerPool history to showcase all our latest achievements!
From the successful deployment of #PowerAgentv2 to the results from our ecosystem partners, new collaborations, latest developments, prototypes, and more - it's all there!
Curious to learn more about what we're up to? Dive into our updated history here: https://powerpool.finance/story/
https://twitter.com/powerpoolcvp/status/1780241347942760752
#PowerPool community!
Introducing the Game-Changing Liquidation Protection Template Prototype for #PowerAgentv2!
We've just launched the Liquidation Protection Template for #PowerAgent, a major leap forward in safeguarding #DeFi strategies against #liquidation risks.
Dive into the details here: https://medium.com/powerpool/introducing-liquidation-protection-template-for-poweragent-15494c15c24c
What's at stake? In #DeFi, using #lending markets is popular but comes with the risk of #liquidation if your #collateral value drops too sharply. Our new template helps manage this risk smartly and automatically with #PowerAgentv2.
Here’s how it works: Suppose you’ve borrowed funds with #ETH as #collateral. If $ETH's price drops close to a critical point, our #PowerAgentv2 can step in to adjust your collateral/#debt ratio by automatically repaying part of your debt, avoiding costly #liquidations.
The heart of this system is the #Liquidation Protection #Contract, currently aligned with #AAVE protocols but adaptable for any #lending service. It monitors and adjusts your health factor between set bounds to keep your assets safe.
Main features:
- Initialize with your chosen assets.
- Automatically deposit or adjust debt to maintain your desired health factor.
- Utilize #AAVE's #oracles and pools for real-time data and actions.
The real magic happens with our #PowerAgentv2 Keepers. If the designated #Keeper fails to execute the required action, another Keeper takes over, ensuring your position is always protected.
The balancing act is handled by a specialized function within the contract that checks your position's health factor. If it’s out of the desired range, the #contract adjusts by either repaying or increasing #debt.
The Resolver plays a crucial role by checking the health factor each #block and triggering the #balance function if necessary. This ensures continuous protection without manual intervention.
For emergency scenarios, the #contract includes an emergencyExit function, allowing users to withdraw their #funds if they get stuck unexpectedly.
With this new template, #PowerAgentv2 users can now manage their leveraged positions more confidently, knowing they have an automated system to maintain stability and prevent losses due to sudden #market shifts.
This prototype contract can be used separately or as a more generalized health-factor-keeping component for strategies of various complexity thanks to #PowerAgentv2!
This is just the beginning! We're working to expand this template for more complex #strategies and broader use cases across different platforms and assets with the #PowerAgentv2!
Join us in redefining risk management in #DeFi. With #PowerAgent's #Liquidation Protection Template, you will enjoy protecting your positions in the volatile moves of #crypto.
Again, here’s the deep dive into how it all works and how you can start benefiting today. We’re excited to see how our community leverages this new tool to secure and optimize their #DeFi activities. Share your thoughts and experiences with us!
https://twitter.com/powerpoolcvp/status/1780344637233787059
Introducing the Game-Changing Liquidation Protection Template Prototype for #PowerAgentv2!
We've just launched the Liquidation Protection Template for #PowerAgent, a major leap forward in safeguarding #DeFi strategies against #liquidation risks.
Dive into the details here: https://medium.com/powerpool/introducing-liquidation-protection-template-for-poweragent-15494c15c24c
What's at stake? In #DeFi, using #lending markets is popular but comes with the risk of #liquidation if your #collateral value drops too sharply. Our new template helps manage this risk smartly and automatically with #PowerAgentv2.
Here’s how it works: Suppose you’ve borrowed funds with #ETH as #collateral. If $ETH's price drops close to a critical point, our #PowerAgentv2 can step in to adjust your collateral/#debt ratio by automatically repaying part of your debt, avoiding costly #liquidations.
The heart of this system is the #Liquidation Protection #Contract, currently aligned with #AAVE protocols but adaptable for any #lending service. It monitors and adjusts your health factor between set bounds to keep your assets safe.
Main features:
- Initialize with your chosen assets.
- Automatically deposit or adjust debt to maintain your desired health factor.
- Utilize #AAVE's #oracles and pools for real-time data and actions.
The real magic happens with our #PowerAgentv2 Keepers. If the designated #Keeper fails to execute the required action, another Keeper takes over, ensuring your position is always protected.
The balancing act is handled by a specialized function within the contract that checks your position's health factor. If it’s out of the desired range, the #contract adjusts by either repaying or increasing #debt.
The Resolver plays a crucial role by checking the health factor each #block and triggering the #balance function if necessary. This ensures continuous protection without manual intervention.
For emergency scenarios, the #contract includes an emergencyExit function, allowing users to withdraw their #funds if they get stuck unexpectedly.
With this new template, #PowerAgentv2 users can now manage their leveraged positions more confidently, knowing they have an automated system to maintain stability and prevent losses due to sudden #market shifts.
This prototype contract can be used separately or as a more generalized health-factor-keeping component for strategies of various complexity thanks to #PowerAgentv2!
This is just the beginning! We're working to expand this template for more complex #strategies and broader use cases across different platforms and assets with the #PowerAgentv2!
Join us in redefining risk management in #DeFi. With #PowerAgent's #Liquidation Protection Template, you will enjoy protecting your positions in the volatile moves of #crypto.
Again, here’s the deep dive into how it all works and how you can start benefiting today. We’re excited to see how our community leverages this new tool to secure and optimize their #DeFi activities. Share your thoughts and experiences with us!
https://twitter.com/powerpoolcvp/status/1780344637233787059
Medium
Introducing Liquidation Protection Template for PowerAgent
Borrowing funds on lending markets exposes users to liquidation risk. This article presents an overview of a new Template Job for…
We have some great news for the #SmartContract Automation Space 👀
#ZK-powered #Automation is coming to #DeFi!
PowerPool teams up with #Resolfinity at #ETHGlobal Scaling #Ethereum 2024 #hackathon
We are building #GainVault - An #autonomous oracleless meta-vault using zk-proofed data and fully automated by #PowerAgentV2.
Let’s dive into the details and see how it will make the automation stronger 🧵👇
The #GainVault product:
-Deposit $USDC
-GainVault autonomously optimizes yield between #YearnFi vaults trustlessly using #ZK-proofed data as an input and the #decentralized #PowerAgentV2 network for transaction executions.
No traditional #oracle is required! Perfect right?
So, What are the details?
#GainVault leverages #ZK-storage proof of #yield per share to allocate tokens across different #YearnFinance vaults based on historic yield data. Not being constrained to just the current block protects users from yield volatility!
With automatic #rebalancing, #token distribution remains optimized for maximum returns.
GainVault’s proposed architecture is made of 4 parts 👇
The Tracking Module:
The module monitors the historic #yield per share ratio for each #Yearn $USDC vault.
When one of the values deviates above a certain threshold, it triggers the Profit Module and passes raw data for calculations and #ZK-proofs.
The #Profit Module:
This module uses the raw data to calculate how much #liquidity must be redistributed and where.
If the results significantly differ from the current liquidity distribution, it calls the #Proof module with the storage data and calculation results.
The Proof Module:
Received raw storage data is then processed to build #ZK-storage proofs passed to #PowerAgent Keepers for #execution.
Additionally, the module performs proof-of-profit circuit checks to ensure #security and reliable yield for users.
https://twitter.com/powerpoolcvp/status/1780656321190052091
+
#ZK-powered #Automation is coming to #DeFi!
PowerPool teams up with #Resolfinity at #ETHGlobal Scaling #Ethereum 2024 #hackathon
We are building #GainVault - An #autonomous oracleless meta-vault using zk-proofed data and fully automated by #PowerAgentV2.
Let’s dive into the details and see how it will make the automation stronger 🧵👇
The #GainVault product:
-Deposit $USDC
-GainVault autonomously optimizes yield between #YearnFi vaults trustlessly using #ZK-proofed data as an input and the #decentralized #PowerAgentV2 network for transaction executions.
No traditional #oracle is required! Perfect right?
So, What are the details?
#GainVault leverages #ZK-storage proof of #yield per share to allocate tokens across different #YearnFinance vaults based on historic yield data. Not being constrained to just the current block protects users from yield volatility!
With automatic #rebalancing, #token distribution remains optimized for maximum returns.
GainVault’s proposed architecture is made of 4 parts 👇
The Tracking Module:
The module monitors the historic #yield per share ratio for each #Yearn $USDC vault.
When one of the values deviates above a certain threshold, it triggers the Profit Module and passes raw data for calculations and #ZK-proofs.
The #Profit Module:
This module uses the raw data to calculate how much #liquidity must be redistributed and where.
If the results significantly differ from the current liquidity distribution, it calls the #Proof module with the storage data and calculation results.
The Proof Module:
Received raw storage data is then processed to build #ZK-storage proofs passed to #PowerAgent Keepers for #execution.
Additionally, the module performs proof-of-profit circuit checks to ensure #security and reliable yield for users.
https://twitter.com/powerpoolcvp/status/1780656321190052091
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The #PowerAgent Keepers:
#PowerAgentv2 Keepers ensure a reliable execution of #GainVault's strategy.
After receiving updates from the Proof Module, the #Resolver responsible for automating the #strategy signals the Keepers to execute the pool rebalance.
All the data is secured by #ZK, no #trust required!
At #Scaling2024, PowerPool & Resolfinity aim to deliver #GainVault - a #PoC for #Ethereum scaling on top of no-trust-required #ZK-Proofs and reliable automation!
See you in the #ZK-powered automated future with #PowerAgent!
https://twitter.com/powerpoolcvp/status/1780656321190052091
The #PowerAgent Keepers:
#PowerAgentv2 Keepers ensure a reliable execution of #GainVault's strategy.
After receiving updates from the Proof Module, the #Resolver responsible for automating the #strategy signals the Keepers to execute the pool rebalance.
All the data is secured by #ZK, no #trust required!
At #Scaling2024, PowerPool & Resolfinity aim to deliver #GainVault - a #PoC for #Ethereum scaling on top of no-trust-required #ZK-Proofs and reliable automation!
See you in the #ZK-powered automated future with #PowerAgent!
https://twitter.com/powerpoolcvp/status/1780656321190052091
Heads up #PowerPool Community!
We're excited to share some fantastic updates with you all! We've recently given our Medium blog a major makeover. The new layout is more user-friendly now, making it easier for you to navigate and find the articles you love.
But that's not all! We're also introducing a brand new section dedicated to #Research part. Here, we'll be showcasing all the groundbreaking work our team is doing in R&D. It’s the perfect spot for those of you who are keen to stay on top of the latest developments in #decentralized #automation infrastructure.
Curious to see what we’ve been up to? Check out our newly updated blog right here: https://medium.com/powerpool
We hope you enjoy the new look and the exciting content we have lined up!
https://twitter.com/powerpoolcvp/status/1780674173104267434
We're excited to share some fantastic updates with you all! We've recently given our Medium blog a major makeover. The new layout is more user-friendly now, making it easier for you to navigate and find the articles you love.
But that's not all! We're also introducing a brand new section dedicated to #Research part. Here, we'll be showcasing all the groundbreaking work our team is doing in R&D. It’s the perfect spot for those of you who are keen to stay on top of the latest developments in #decentralized #automation infrastructure.
Curious to see what we’ve been up to? Check out our newly updated blog right here: https://medium.com/powerpool
We hope you enjoy the new look and the exciting content we have lined up!
https://twitter.com/powerpoolcvp/status/1780674173104267434
Big Cheers to Our PowerAgents!
What a fantastic journey we've been on! As we wrap up week 16 of 2024, Absolutely thrilled to announce that the latest batch of $CVP #Airdrop rewards has made its way to our 30 stellar #PowerAgentv2 #testnet contributors!
🔗 You can check out the transaction here: https://etherscan.io/tx/0x617d4a6098caca8c12d2afc4b4f3d96ec15444eaaecb58b9799610a0eb0dc468
From the bottom of our hearts, thank you to each one of you. Your unwavering dedication and pioneering spirit are what keep the wheels of innovation turning in our quest to revolutionize the automated #web3.
Keep being amazing, PowerPool Keepers!
https://twitter.com/powerpoolcvp/status/1780680581631598887
What a fantastic journey we've been on! As we wrap up week 16 of 2024, Absolutely thrilled to announce that the latest batch of $CVP #Airdrop rewards has made its way to our 30 stellar #PowerAgentv2 #testnet contributors!
🔗 You can check out the transaction here: https://etherscan.io/tx/0x617d4a6098caca8c12d2afc4b4f3d96ec15444eaaecb58b9799610a0eb0dc468
From the bottom of our hearts, thank you to each one of you. Your unwavering dedication and pioneering spirit are what keep the wheels of innovation turning in our quest to revolutionize the automated #web3.
Keep being amazing, PowerPool Keepers!
https://twitter.com/powerpoolcvp/status/1780680581631598887
Dive into the #PowerPool odyssey!
It's a story of collective strength and innovation, as we revolutionize #DeFi automation and asset management.
Here’s a glimpse into our illustrious history and the milestones that define #PowerPool.
Back in July 2020, the #PowerPool protocol was born with a big idea: making #DeFi accessible and influential for even the smallest holders.
Our journey began with the mission to democratize the individual power across #DeFi.
As 2020 drew to a close, #PowerPool launched $CVP and the PIPT and YETI indices, adding a new layer of benefits and utility for the #DeFi community.
This was a stepping stone towards more community-driven features and rewards.
The year 2021 was a commitment to innovation.
Two new automated index baskets were launched: ASSY and YLA.
We also introduced xCVP and meta-governance, allowing $CVP holders to make their mark across various #DeFi protocols, all from within #PowerPool.
In 2022, we realized that the way forward for sophisticated and diversified token baskets/indices is decentralized and generalized automation.
That’s when PowerPool pivoted to developing PowerAgent V2 - a permissionless and fully decentralized automation network.
The story continued in 2023, as we fine-tuned #PowerPool protocol, launched #PowerAgentV2, and secured strategic partnerships, fortifying our place in the #DeFi space.
We stayed true to our roots, continuing academic research aimed at PowerAgent design focusing on user empowerment and platform resilience.
https://x.com/powerpoolcvp/status/1781044025589399866
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It's a story of collective strength and innovation, as we revolutionize #DeFi automation and asset management.
Here’s a glimpse into our illustrious history and the milestones that define #PowerPool.
Back in July 2020, the #PowerPool protocol was born with a big idea: making #DeFi accessible and influential for even the smallest holders.
Our journey began with the mission to democratize the individual power across #DeFi.
As 2020 drew to a close, #PowerPool launched $CVP and the PIPT and YETI indices, adding a new layer of benefits and utility for the #DeFi community.
This was a stepping stone towards more community-driven features and rewards.
The year 2021 was a commitment to innovation.
Two new automated index baskets were launched: ASSY and YLA.
We also introduced xCVP and meta-governance, allowing $CVP holders to make their mark across various #DeFi protocols, all from within #PowerPool.
In 2022, we realized that the way forward for sophisticated and diversified token baskets/indices is decentralized and generalized automation.
That’s when PowerPool pivoted to developing PowerAgent V2 - a permissionless and fully decentralized automation network.
The story continued in 2023, as we fine-tuned #PowerPool protocol, launched #PowerAgentV2, and secured strategic partnerships, fortifying our place in the #DeFi space.
We stayed true to our roots, continuing academic research aimed at PowerAgent design focusing on user empowerment and platform resilience.
https://x.com/powerpoolcvp/status/1781044025589399866
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