Breadchain — PowerPool’s new ecosystem partner
Utilizing PowerAgent’s automation for the Breadchain ecosystem
We are thrilled to share that the PowerPool DAO has just approved Breadchain Cooperative as its third ecosystem partner. As part of this partnership, Breadchain Cooperative has been selected as the recipient of PowerPool’s Builder Grant supporting the integration of PowerAgent automation into their innovative crowdstaking application, marking a significant step forward in their post-capitalist vision.
The application of the PowerAgent automatic on-chain execution tool enables automated yield fund disbursement, treasury management, and seamless conversion of EigenLayer rewards into BREAD.
This collaboration represents a powerful synergy between two visionary projects, harnessing cutting-edge technology to drive positive change within the blockchain ecosystem.
Expanding the post-capitalist point of view
The Bread Crowdstaking Application serves as a catalyst for generating yield for the cooperative, and their objective is to automate the disbursement of this yield among the projects in the federation from a post-capitalist framework. They aim to incorporate diverse mechanisms that minimize the dominance of large capital entities while simultaneously fostering the creation and utilization of $BREAD.
Why does automation matter for the Breadchain ecosystem?
Breadchain is planning to utilize PowerAgent automation in three distinct ways to supplement and enhance its operations:
1. Automated Yield Fund Disbursement
Power Agent will be instrumental in automatically disbursing funds based on the yield collected from the crowdstaking application. This disbursement will also consider governance results, leveraging a combination of mechanisms chosen by the community.
2. Treasury Management and Liquidity Optimization
Breadchain holds a significant portion of its treasury in BREAD, while ensuring liquidity for users wishing to exchange BREAD for other assets. PowerPool will manage and optimize the treasury, addressing liquidity needs for the broader ecosystem.
3. Automated EigenLayer BREAD Rewards
With the imminent launch of EigenLayer and its market, Breadchain aims to become its early contributor and beneficiary. To increase the Total Value Locked (TVL) of BREAD, users can convert their EigenLayer rewards into BREAD automatically. Leveraging PowerPool automation, Breadchain will facilitate the swapping and bridging of rewards when a certain threshold is reached and when network prices on both Ethereum and Gnosis are optimal.
About Breadchain
Breadchain Cooperative is a consortium of decentralized cooperative initiatives dedicated to advancing a progressive vision for blockchain and its potential to drive societal transformation. Their goal is to achieve this by creating and leveraging “solidarity primitives” — development tools that can foster solidarity among individuals and groups. Developing these tools is essential for establishing non-financialized forms of coordination made possible by blockchains.
About PowerPool
PowerPool is a DAO-managed protocol that operates a decentralized and autonomous network for guaranteed transaction execution and off-chain computations — the PowerAgent Keeper network. Its mission is to provide all DeFi protocols, dApps, and their users with decentralized, reliable, cost-effective smart contract automation.
The PowerAgent network is launched on Gnosis Chain, the Ethereum mainnet. It will be available on other EVM-compatible chains (Polygon, Arbitrum, Optimism, BNB, NeonEVM, Scroll, and others) in the near future.
