Powerloom Protocol

🚨 Powerloom V1 Chain Shutdown

👉 April 22, 2025: Migration bridge closes
👉 April 30, 2025: V1 chain stops

❗❗Migrate unstaked $POWER from V1 chain or lose it forever. Upgrade nodes now!

🧵 Details below ↓

Time to say goodbye to the V1 chain! Please migrate your funds if you haven't already - we will not be able to recover native balances as it does require user signatures ⚠️

vancouver

Back in Canada after 8 months away. Grateful for everything I accomplished, both personally and professionally, but it’s bittersweet. Being away from my team and partner indefinitely is going to be a whole new challenge.

Looking to connect with folks in web3 around Vancouver 📥

arbitrum

🎉 Powerloom Mainnet V2 Migration is COMPLETE! 🎊

Freely use native $POWER with our migrated L2 chain powered by @arbitrum Nitro ⚡️

Our core devs ensured a smooth migration, with minimal user actions or protocol interruptions 💪

More details ↓ 🧵

Just weeks after our mainnet launch, our chain stack was deprecated — out of the blue. With Pectra upgrade looming, I thought it might be the end ⚠️

But our engineers at @powerloom pull off a seamless migration - something never been done before, let alone in such a short time 💪

The composable data network for web3 $POWER

check out /powerloom for community discussions

https://powerloom.io

🎯 POWERLOOM MAINNET V2 MIGRATION

💪 We're upgrading the L2 chain to @Arbitrum Nitro next week!

📅 March 27, 2025

📚 Migration docs:  https://docs.powerloom.io/category/chain-migration/

Faster finality for our chain is here! Thanks to @conduit for helping set this up  🚀

Launch an L2 or L3 in a few clicks, no code required. Ask questions about rollups in /conduit

Details on migration to @arbitrum stack is up!

Official account of the Arbitrum Foundation.

https://arbitrum.io/

🚨 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 — Powerloom L2 is moving to @arbitrum (💙,🧡)

More details in 🧵

Dedicated to making this seamless, no matter the challenge 💪

Founders

🎉 Node Staking is LIVE!

Earn Daily Rewards with ANY amount of $POWER 💪

Join us in shaping the future of onchain data access 🚀

🔗 👉 https://mint.powerloom.network/staking

🧵 : Know more ↓

Our first product launch since mainnet! This was a challenging one to pull off considering we had to build this on top of a live protocol 🔥 

Anyone can now contribute to @powerloom and earn $POWER rewards 💪

🚨 Snapshotter Updates — The First 30 Days

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

✅ Total rewards = 1.5M POWER (1408/node)
✅ Recent daily avg. = 34 POWER/node

Start running your nodes TODAY. Earn $POWER 💪 

🧵 ↓

It's been the most challenging few weeks but grateful to my team and supporters for having my back and not giving up 🙏
And a special thanks to my soon-to-be life partner for dealing with the chaos. Couldn't have asked for a better birthday present for my 39th ♥️

💪 Powerloom is Out in the WILD 🚀

✅ Mainnet is live & $POWER has unlocked
✅ Snapshotter are earning Daily Mainnet Rewards
✅ Node Mint portal is open for new operators to join Powerloom

📸 Want to run a node? Start here: https://mint.powerloom.network

🧵 : Know more ↓

Sorry for being MIA and not sharing the launch update after dropping   alphas ever since I got invited to @farcaster by @dwr.eth 

Been a crazy few months trying to go from what looked impossible to actually shipping a mainnet with live incentives! 💪

A sufficiently decentralized social network. farcaster.xyz

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

devcon SEA

I fooled @powerloom core devs to think this was a Devcon trip. It was a offsite/hackathon all along.. 😅

Singapore

ETHGlobal

🌍 Exciting news! Our Co-Founder, @swaroop will be a judge at the upcoming @ethglobal Singapore hackathon! 🎉

Looking forward to all the innovative ideas from the onchain community. 🚀

More details: https://ethglobal.com/events/singapore2024

Hello Singapore! Here until weekend and looking forward to people building fun hacks at @ethglobal 🏗️

We help builders bring the vision of Ethereum to life. Join us in Taipei, Prague, Cannes, New York, New Delhi, and Devconnect in 2025 :)

Launchcaster

Onchain Points

frames

We've launched GPM on Farcaster Frames! 🚀

Bet on live markets, predict, and win rewards — no $POP or gas required! 🙌

Earn $POP for every winning bet 🎉

Ready to place yours?👇

1️⃣ Visit https://warpcast.com/~/channel/onchainpoints/default
2️⃣ Select “Bet Yes” or “Bet No” on any of the live markets
3️⃣ Check results at app.gpm.lol
4️⃣ Redeem $POP for every correct bet 🎉
5️⃣ Check “Portfolio” from your connected wallet

Excited to ship a farcaster exclusive feature! It's super cool how we managed to maintain the /onchainpoints aspect of this product while using /frames for a 1-click UX! Check it out before we run out of free bets ;)

Farcaster

Can't wait to share it with the Farcaster community!

🚀 Generative Prediction Markets is now LIVE 🎉

Dive into our newest app on the Onchain Points ecosystem, powered by /powerloom 

🔍 Study DeFi data
📈 Predict prices
💵 Bet
🏆 Win $POP

Ready to test your predictions?

Play now 👉 https://app.gpm.lol

Read more 👇
https://gpm.lol

Excited to open up @gpm.eth to everyone 🎉 

What started as a hack during our offsite in Bali to now a fully functioning app with growing usage by @powerloom community! GPM is fully automated and utilizes the protocol in a seamless way 💯

bet via /onchainpoints or directly on https://gpm.lol

Farcaster Devs

How do I render frames inline without requiring the user to click the "view" button? Even older frames that worked previously are now showing with the  extra step.

Ethereum

🎉 Daily $POP rewards for pre-mainnet are now live for snapshotters! Check the details on our Discord and snapshotter dashboard. 🔎

Join our kickoff call tomorrow, August 27th at 12:30 PM UTC (6 PM IST / 5:30 AM PT) to learn more! 👇
https://discord.gg/powerloom?event=1277623852612194448

🚀 POP Staking is Now Live - 50m staked already! 🚀

💰Dynamic APY: Earn Onchain Points with daily emissions of 1.33M Points!

💎 Total Flexibility: Stake/unstake anytime, no penalties!

🎯 Use Points across GPM & the ecosystem.

Stake now 👉 https://onchainpoints.xyz/staking

The first of many releases from Goa HQ - another fully onchain product!

EthCC

🇧🇪 Exciting news! Our Co-Founder @swaroop is heading to EthCC and the @ethglobal hackathon in Brussels! 🇧🇪

We're eager to share:

- The future of composable web3 data
- Our newly launched Onchain Points SZN
- The groundbreaking first app leveraging Onchain Points with GPM

There's so much more to explore!

On my way to 🇧🇪

Can't wait to meet folks and share all the deets of /onchainpoints and @playgpm

Co-founder, @powerloom and contributing to @gpm.eth on /onchainpoints