Powerloom Protocol Announcements

🚀 Powerloom Devnet is BACK! 🏗️ Build and test like you’re on mainnet — but at zero cost! Everything you run on Devnet works exactly like it would on mainnet: ✔️ Same architecture ✔️ Same protocol mechanics ✔️ Same data flows All without spending $POWER - get started in 3 simple steps 👇 1️⃣ Claim test tokens: devnet-faucet.powerloom.dev 2️⃣ Mint your node: devnet-mint.powerloom.dev 3️⃣ Follow the docs to start snapshotting: https://powerloom.dev Read more on our blog: https://blog.powerloom.io/re-launch-of-devnet-with-full-support-for-lite-nodes 🗣️ Spread the word on X: https://x.com/Powerloom/status/1943578360132833301

🎉 Daily Reward Pool Increased to 75,000 $POWER! 🎉 Starting today (Day 157), the daily reward pool has been boosted to 75,000 POWER — more rewards for everyone, effective immediately! We’re also increasing the daily submissions threshold to 1,100 over the next week to keep up with growing momentum. 📈 New Submission Threshold Schedule: • Day 157: 1,000 (no change) • Day 158: 1,050 (first increase) • Day 159–164: 1,050 • Day 165: 1,100 (from here on) Get started with Node staking: https://mint.powerloom.network/staking Or run your own node and earn full rewards at: https://docs.powerloom.io/build-with-powerloom/snapshotter-node/lite-node-v2/getting-started/ 🗣️ Spread the word on X: https://x.com/Powerloom/status/1934684326354145541

🚀 1,000+ snapshotter nodes minted since mainnet 🔒 10 million $POWER locked 💸 Start earning daily rewards at ~100% APY Mint 👉 https://mint.powerloom.network Read more: https://blog.powerloom.io/powerloom-mainnet-is-live-kicking-off-a-new-era-in-onchain-data-access/ 🗣️ Spread the word on X: https://x.com/Powerloom/status/1924703180929339709

⚡️ 5 MILLION $POWER now staked! 🎁 Daily Node Rewards Now at 65,000 $POWER 🤑 Stake as little as 1 POWER and snag ~75% APY 👉 https://mint.powerloom.network/staking 👈 Read more about Node Staking at: https://blog.powerloom.io/node-staking-is-live-earn-daily-rewards-with-any-amount-of-power/ 🗣️ Spread the word: https://x.com/Powerloom/status/1915646296477892840

🎉 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 ⚡ 🤑 Minimal fees 🚀 Bridges in seconds 💪 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! 👉 Swap here: https://relay.link/bridge/powerloom-v2 👀 Also check out our native Arbitrum Bridge for a more decentralized experience: https://bridge-v2.powerloom.network 🗣️ Spread the word: https://x.com/Powerloom/status/1915165641037971499

🚨 Powerloom V1 Chain Shutdown 👉 April 22, 2025: Migration bridge closes 👉 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 📖 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. 👀 Get more details on our Discord: https://discord.com/channels/777248105636560948/1146931631039463484/1361639267805302845 🗣️ Spread the word: https://x.com/Powerloom/status/1912381179229249963

💪 Our Core Devs recently pulled off one of crypto's smoothest L2 chain migrations. ✅ There was minimal downtime ✅ It required ONLY TWO user actions 📖 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/ 🗣️ Spread the word: https://x.com/Powerloom/status/1910226044595982698

✅ 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. 📖 Full report is published here: https://certificate.quantstamp.com/full/powerloom-l-2/695c4ca5-2bab-42f2-b41d-bff9eec03f32/index.html 🗣️ Spread the word: https://x.com/Powerloom/status/1909729018607546687

🎉 Node Staking reaches new heights on our migrated L2 chain powered by Arbitrum Nitro 🚀 ✅ $POWER staked: 3.33m+ ✅ Nodes minted: 333+ ✅ Total rewards: 175k+ $POWER 💪 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. 👉 Start here: https://mint.powerloom.network/staking 👀 Check our announcements for details: https://t.me/PowerLoomProtocol/201 🆘 Need help? Reach out via Discord: http://discord.gg/powerloom 🗣️ Spread the word: https://x.com/Powerloom/status/1907908350521782400

🎉 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 💪 ✅ First V2 epoch (ID: 55001) was released with migrated state. Snapshotter nodes are now submitting to the new V2 chain managed by Conduit — check verification logs to confirm: https://docs.powerloom.io/chain-migration/snapshotters#-verification-logs ✅ Snapshotter NFTs, unclaimed rewards, & staked $POWER have been migrated automatically. NO user action was required. ✅ 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 🚀 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. 👀 Full POWER migration guide: https://x.com/Powerloom/status/1902712114831397350 👉 Complete migration timeline & info about the new chain: https://t.me/PowerLoomProtocol/202 🆘 Need help? Reach out via Discord: http://discord.gg/powerloom 🗣️ Spread the word: https://x.com/Powerloom/status/1906846974621745489

Current progress: https://x.com/Powerloom/status/1905180328395997208?s

🚨 Powerloom mainnet migrates to the new Arbitrum Nitro stack in less than 24 hours! 👉 Upgrade your Snapshotter nodes 👉 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 ✅ We will provide more updates as things progress ⏳ For more help, reach out on Discord: http://discord.gg/powerloom 🗣️ Spread the word: https://x.com/Powerloom/status/1904815670509920268

🤩 Powerloom Mainnet V2 Bridge is 7x FASTER 🔥 ✅ Move $POWER from our upgraded L2 → L1 in ~24 hours, not 7 days ✅ Pay less gas fees — Arbitrum bridge only requires 2 TXs vs. 3 on the OP Bridge ✅ Reduce your dependence on CEXs ❗ICYMI, we're upgrading our L2 chain to Arbitrum Nitro (💙,🧡) 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! 👉 Use our custom migration bridge: https://migrate.powerloom.network Moving $POWER to Mainnet V2 takes <5 minutes 🚀 Once it’s done, check out Bridge V2 here: https://bridge-v2.powerloom.network 💫 📖 Full POWER migration guide: https://x.com/Powerloom/status/1902712114831397350 🔗 Join our Discord if you need more help: http://discord.gg/powerloom 🗣️ Spread the word: https://x.com/Powerloom/status/1904280161203413292

🎯 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/ ⸻ 1/ Key Info: 🔹 Epoch 55000: Network state freeze on older chain ⏳ 6hr window: State transition to V2 🚀 V2 epoch release resumes post-state sync 🛡️ Protocol state preserved ⸻ 2/ 📸 Snapshotter Operators: 🚨 Update your nodes before Epoch 55000 🔗 Full guide + verification steps: docs.powerloom.io/chain-migration/snapshotters ⸻ 3/ 💰 $POWER Holders on L2 🚨 Action Required! 🔸 Old chain will shut down before Ethereum upgrades to Pectra (~1 month from today) 🔸 Start migrating your unstaked $POWER tokens to the new chain 🔸 Tokens on Ethereum are unaffected 🔗 Migration guide: docs.powerloom.io/chain-migration/wallets ⸻ 4/ 🏦 Stakers: ✅ Your stakes will auto-migrate! 🔗 Migration steps: docs.powerloom.io/chain-migration/stakers ⸻ 5/ 🎯 Snapshotter NFT Holders: ✅ No action needed! 🔗 Details: docs.powerloom.io/chain-migration/minters ⸻ 6/ 🔗 Chain Info The new chain is powered by Conduit – read more: docs.powerloom.io/chain-migration/info 🚀 The V2 upgrade brings enhanced performance & reliability to Powerloom! ⸻ ❓ Need help? We’re here! Join our Discord: discord.gg/powerloom 🗣️ Spread the word: https://x.com/Powerloom/status/1902712114831397350

🎉 We crossed a million $POWER staked through Node Staking 🎊💪 12 days 🗓️ 100+ nodes minted 🚀 1.13M+ $POWER staked 💪 Earn Daily Rewards with ANY amount of $POWER 🚀 📣 ICYMI, you can earn Daily Rewards via Node Staking, even if you don't have enough $POWER to mint a new node. 👉 Start here: https://mint.powerloom.network/staking 👀 Check out our complete guide on Node Staking & how to participate: 🔽 https://x.com/Powerloom/status/1895154099987038503 Drop your queries on our Discord for more help 🤝 🗣️ Spread the word: https://x.com/Powerloom/status/1899410640370086374

🚨 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 is moving to Arbitrum Orbit (💙,🧡). 📍WHY Arbitrum Orbit ✅ We battle-tested the stack with Onchain Points ✅ Offchain Labs has confirmed their commitment to intensifying efforts on custom gas tokens ✅ With faster finality, users experience quicker L2 → 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.* 💪 Our core devs are already testing changes on the Devnet to minimize effort and intervention required by snapshotters, stakers, & $POWER holders. 🗓️ ⏳ We’ll share the detailed transition plan & necessary guides by the end of next week. For now, continue using Powerloom as usual 🤝 🗣️ Spread the word: https://x.com/Powerloom/status/1897669070688022845

🚨 Node Staking Update 💪 ✅ Nodes Minted = 30+ ✅ Total Staked = 333K+ POWER ✅ POWER APY = ~86.8% Earn Daily Rewards with ANY amount of POWER 🚀 👉 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. 👀 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 🗣️ Spread the word: https://x.com/Powerloom/status/1896872564552839360

🎉 Node Staking is LIVE! Earn Daily Rewards with ANY amount of $POWER 💪 🔗 👉 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 🎁 📖 Read this blog post for details about Node Staking and how to participate 👉 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 🗣️ Spread the word:https://x.com/Powerloom/status/1895154099987038503