We're excited to share the latest developments and achievements from May.
Read more and get detailed insights in the full update: https://medium.com/powerpool/powerpool-monthly-update-25-may-2024-baac18decd3e
PowerAgent V2 Network Stats:
- New deployment on Base L2, soon open for all Base users! - Contract updates: lastVrfRequestAtBlock, getRequestData, and slashing epoch changes. - Node updates: job blacklisting fixes, off-chain resolver scripts, and Docker containerization.
PowerAgent Code & UI Updates:
- Significant improvements in contract and node functionalities. - dApp updates: streamlined components, fixed deprecated products, and enhanced liquidity operations. - UI/UX overhaul: revised menu structure, quick improvements, and style changes. - Subgraph updates: new models and deployments on Gnosis, Arbitrum, Ethereum, and Polygon.
R&D Highlights:
- Partitura: Alpha version of its UI for PowerAgent Jobs launched, preparing for a full launch. - Breadchain: Mainnet deployment on Gnosis Chain and upcoming launch party. - SupremeDAO: Launch of Genesis Strategy and groundwork for new strategies like SupremePool & L2 Yield Harvester. - Ongoing support for PowerAgent V2 testnets, including testing, bug fixing, and incentivization CVP airdrops. - Preparation for PowerPool Points integration in collaboration with Samudaiâs âPoints as a Serviceâ protocol.
Content Updates:
- Published âEIP-3074 Explainedâ article. - Reshaped PowerAgentâs narrative and updated the PowerPool Gitbook. - Prepared content for Binance Learn2Earn campaign. - Created numerous tweets showcasing PowerAgentâs features and use cases!
Community News:
- Special AMAs with SupremeDAO, Paladin, and Gotbit Hedge Fund. - New "Old Friend of PowerPool" badge on DeBank. -Expanded presence on Phaver, Hey, and Warpcast!
Join the PowerPool Socials to stay tuned for more updates and join us as we continue to innovate in the world of #DeFi and #Web3 automation!
#PowerPool's vision is crystal clear: the Future of #DeFi and #Web3 will be Fully Automated with #PowerAgent!
Get ready to say goodbye to manual actions and embrace seamless #automated #onchain flows!
Letâs dive deeper into the basis of this #vision! đ§”đ
1/ In just three years, #dePIN networks like #PowerAgent will revolutionize how transactions are handled.
Users will witness a shift from manual actions to seamless #automated #onchain flows!
2/ As we enter the next phase of #Web3, users, #AI agents, and protocols will generate an increasing number of flows and intent-based #strategies.
The growing user base demands convenience, and #automation is the name of the game!
3/ As a result, we envision â#Transaction Signing as a Serviceâ #dePIN #networks will be the primary consumers of #block space and the driving force behind #transactions in the near future.
4/ #PowerPoolâs #PowerAgentV2 network is designed to empower this #automated future, offering a #decentralized, #reliable, and #permissionless service for user flows and intents, #AI-#agents, protocols, and #dApps.
5/ Get ready for a paradigm shift towards #automation in #DeFi and #Web3 with #PowerPool #DAO leading the way!
Join us on this journey towards a more #automated, collaborative, and user-centric experience!
6/ Learn more about #PowerPoolâs vision for #automation with its #PowerAgent:
#PowerAgent network by PowerPool is a global service network not tied to any single #Layer1 ledger or #Layer2 scaling layer, capable of running on most major #EVM chains.
â Low Hardware Requirements:
The #PowerAgentv2 is a network of independent, fee-earning nodes with minimal hardware requirements, suitable for all EVM #chains needing #automation services.
â Broad Service Network:
The PowerAgent v2 network will be broad, running across many chains, providing a safe environment for participation.
â Earning Fees:
#Node runners/Keepers can earn native token fees, with #gas costs refunded, ensuring fair participation.
#PowerAgent allows for detailed customization of event triggers, job specifications, and minimum signing requirements, all managed job-by-job.
â Versatile #Automation:
You can run both simple, low-value tasks and mission-critical, high-value jobs on the same network. Different Keeper sets can be configured through an online interface, offering flexibility and ease of use.
Trustworthiness of #PowerAgentv2:
â Randomized Execution: Tasks are executed by randomly selected Keepers within a specified signer set, ensuring impartiality and security.
â Keeper Accountability:
Keepers have significant $CVP stakes, ensuring they have 'skin in the game'. If they fail to execute a task, they can be slashed by other Keepers who are always monitoring and keeping them honest.
Get started: https://docs.powerpool.finance/powerpool-and-poweragent-network
- Enable the creation of cutting-edge automated #DeFi strategies, - Allow to abstract complexities from end-users, - Lower the entry barrier for new #validators!
At #PowerPool, we have developed an optimized solution for reliably and cost-effectively #automating any user-submitted or #AI-generated #onchain flows.
Our approach integrates the outcomes of extensive academic research, incorporating key mechanisms such as:
- Random Keeper Selection, - Algorithmic Slashing, - #Gas optimization!
Find all the details about #PowerAgentv2âs working principles:
â Independent Execution: #PowerAgent v2 ensures that job execution is entirely autonomous and independent of the client protocol. Even if youâre launching a brand new protocol, you earn trust points by using #PowerAgentv2 for job execution.
The Importance of Decentralization:
â Avoid Regulatory Red Flags: Running your own local Keeper bot can raise red flags for regulation and #decentralization activists. It's crucial to use a #decentralized solution like PowerAgent.
â Decentralization and Trust: Decentralization advocates like Chris Blec will scrutinize centralized keeper bots. Specifying an eligible signer set and ensuring that your Keeper set has sufficient âskin in the gameâ is vital for high-value, mission-critical tasks.
#PowerAgent v2 is a #dePIN network offering âTransaction Signing as a Serviceâ to any user and protocol that wishes to streamline their daily #onchain transactions and #smartcontract interactions.
â Comprehensive Automation: The #PowerAgentv2 #Automation Network is a network of Keepers that execute transactions or Jobs, encompassing on-chain strategies, algorithms, and more.
â Versatile Functionality: From #LimitOrders and #DCA strategies to #liquidation protection and Uniswap V3 position management, PowerAgent can handle it all autonomously.
â Trustworthy Execution: PowerAgent ensures that all your #onchain tasks are performed reliably and efficiently by a decentralized network of Keepers.
â Fully Generalized Toolkit: #PowerAgentv2 packages all event-driven functionalities into one flexible solution.
â Versatile Capabilities: From low-value simple tasks to high-value mission-critical operations, #PowerAgentv2 handles it all with its generalized task #automation and off-chain computing capabilities.
Why Join the #PowerAgent Network?
â Open Participation: Anyone can spin up a PowerAgent Keeper node and join the network.
â Stake Requirement: Participants need to stake the $CVP token, ensuring âskin in the gameâ.
â Scalable Network: This approach facilitates the growth of large Keeper sets across numerous #EVM chains.
Introducing the "Old Friend of PowerPool" badge on DeBank! đïž
Are you a loyal follower of the @PowerPool journey? If you've been following our Official Account on #Debank for over 30 days, you can now mint this exclusive badge!
đ Mint Your Badge Here: https://debank.com/official-badge/128
Stay connected and showcase your commitment to the Automated #DeFi with #PowerPool.
đ Follow PowerPool on Debank: https://debank.com/official/PowerPool
â Run a Keeper Node: You can become a Keeper to deploy across numerous #EVM chains.
Get Started: https://docs.powerpool.finance/powerpool-and-poweragent-network
â Recruit Job Owners: You can connect with developers who need automation. PowerPool offers #grants for those looking to swap out internal automation for #PowerAgent's #decentralized, trustworthy solution.
Here are the grant details powered by #Gitcoin #GrantsStack: https://medium.com/powerpool/powerpool-grants-and-submission-guidelines-for-contributors-f1cc079752
đ Engage with the PowerPool DAO:
â Become a Part of the #DAO: As we expand across EVM chains, each #chain and category will have an #Ambassador who knows its protocols and core developers. Soon!
đ± Join us on Social Media:
â Participate in Community Channels: Ask insightful questions and engage in threads to make it easier for others to join and participate in the DAO.
â Follow & Engage with PowerPool: Follow and interact with PowerPool on your favorite social media platforms:
đ Join Us on your favorite platforms and never miss an update: https://link3.to/powerpoolcvp
Stay connected and updated with all things #PowerPool across our diverse social media channels. Engage with us on your favorite platforms and be a part of the revolution in #DeFi & #Web3 automation!
Follow & Join PowerPool Socials on:
- X - Telegram - Discord - CMC Community - DeBank - Medium - YouTube - Binance - Phaver - Hey - Farcaster - link3
Let's build the future of decentralized finance together! đȘ
What makes automation essential in the evolving Decentralized Finance and Web3 landscapes?
â Advanced Protection: Modern #DeFi primitives are evolving to better protect investors, necessitating increased #automation for seamless operation.
â Open-Source Strength: #PowerAgentâs #opensource nature ensures rigorous scrutiny, making it a highly reliable and #secure automation solution compared to #private keeper bots.
â Community #Audits: Being open-source, #PowerAgentv2âs code is continually examined and refined by a wide array of protocols and auditors.
â Shared Resilience: The collaborative effort results in a robust and hardened code base, enhancing the security and reliability of automated processes in #DecentralizedFinance.
â Ecosystem Trust: Open-source #transparency builds trust as multiple stakeholders can verify and contribute to the codeâs integrity.
â Enhanced Efficiency: Automation not only secures but also streamlines DeFi and #Web3 operations, ensuring smooth and efficient execution of complex strategies.
#PowerAgentV2 abstracts complexities of efficiently using #DeFi to the max!
With â#Transaction Signing as a Service," users can now easily harness the full potential of DeFi, all while enjoying the seamless UX of #autonomous flows!
Users no longer need to manually monitor on-chain conditions or run centralized bots to benefit from perfectly timed transactions.
Hereâs how it works:
You simply set up a Job in the #PowerAgent network: - Define specific conditions for execution - Tailor the Job exactly to your needs - Watch the #automation magic happen
The networkâs #decentralized set of Keepers handle the rest!
A Keeper is automatically assigned by #PowerAgent to vigilantly monitor the task and execute it precisely at the right moment.
Should a Keeper fail, another Keeper will swiftly slash him, simultaneously executing the task instead.
Carefully designed #crypto-economic incentives ensure reliability of Job execution for all users!
By streamlining #DeFi, #PowerAgent frees up valuable time for users to concentrate on strategic decision-making, rather than getting bogged down in routine tasks.
Experience the future of DeFi optimization through #autonomous flows by PowerAgent v2!
Vasily Sumanov - âWe categorize Job-owner client projects into two main types with PowerAgentâ:
â Projects with Built-in Automation Needs: Projects designed from the outset with automation integrated into their core operations. These projects require automated actions to meet their product requirements.
â Projects Building on Top of Others: These are more widespread and require automated actions on top of existing projects. They leverage automation to enhance or support their functionalities.
đ PowerPool Compatibility: Any project that needs automated services is a perfect match for PowerPool, ensuring efficient and seamless operations.