PowerPool Biweekly Update — 30 October 2023
Greetings, PowerPool Community!
It’s time for the next biweekly update article about PowerPool’s recent accomplishments and the state of the PowerAgent network.
PowerPool is focused on facilitating the web3 transition into the next automated phase. We believe that in the near future users will outsource a large part of their daily transaction signing to specialized automation providers such as PowerAgent.
Recently, we’ve published Part 2 of our Automation Letters blog series where we provide a continuation of our vision of widespread automation, explain why we expect growing demand for outsourcing Tx signing, and talk about the benefits of using Keeper networks as automation agents. Check it out!
Here’s an update on our progress in making this vision a reality. In this article:
- PowerAgent V2 testnet news
- PowerAgent Code & UI changes
- Recent integrations and PowerPool Grants
- A recap of community activities
Let’s dive in!
PowerAgent V2 testnet
PowerAgent has been launched on Gnosis Chain in the testnet phase. The network is running smoothly and we’ve recently surpassed the 20,000 transactions signed mark.
We are continuing to onboard Gnosis validators and some best performing Sepolia testers into the network and aim to surpass the 100 Keepers on Gnosis milestone in the coming weeks. However, the PowerAgent testnet on Sepolia will continue to operate, incentivized with weekly CVP airdrops to active testers.
Currently, one of our main focuses is working with users and protocols to onboard them to the PowerAgent network as Job-owners aiming to increase the number of active automation Jobs and create a healthy and sustainable ecosystem for Keepers.
PowerAgent Code & UI changes
An update to the PowerAgent node package went live resolving the problem with skipping new block events. Now if the new block is not captured within a given timeframe, it is fetched directly from the node. This fix alleviates an issue with the causeless slashing of Keepers and significantly improves the reliability of the network.
The PowerAgent dApp UI has been massively overhauled, increasing the information available to Keepers and Job-owners and overall providing users with a refined experience.
List of changes:
- Redesign of the Agent page in the dApp: additional config fields have been added, the text has been replaced with badges, and the tooltips have been completely revised.
- A basic interface for the desktop version of Explorer has been developed, which includes pages for all Keepers, all Jobs, and all transactions, as well as separate pages for each Keeper, Transactions, and Job. Implemented a search.
- An interface has been developed for viewing all Job events to analyze unstable network behavior.
- The card on the All Keepers page has been redesigned. Additional information is available from the graph; when you click on the card, you go to the Keeper page in Explorer.
- Added display of the currently assigned Keeper to the Jobs page with the ability to assign (if not assigned) and disable.
- To increase network stability and analyze the causes of slashing, functionality has been added to the explorer for an anonymous collection of application versions, application types, and RPC types.
- When creating a Job, the interval field is blocked for Jobs with a Resolver.
- The problem with the interface not working correctly due to the lag of the subgraph on Gnosis has been resolved. Now the application waits after sending the transaction not only for its inclusion in the block but also for the graph to be updated.
Integrations and Grants
1. Governance proposal 63 from has been discussed with the PowerPool community and sent to Snapshot voting. It proposes to issue a Builder Grant to Partitura protocol to construct the PowerAgentModule for Safe. It will allow for the execution of whitelisted transactions without the need to add a Keeper as another owner of the Safe.
This proposal aims to integrate automated Account Abstraction via Smart Contract Accounts of Safe and benefit the PowerPool community by opening up new markets for automation and creating opportunities for more advanced and efficient ways of working.
2. We’ve completed an interview with Daoism Systems where they explained their upcoming project build on top of PowerAgent automation — SupremeDAO, an automated yield strategy comprised of several components: an automatically managed crvUSD borrowing against wstETH, subsequent liquidity provision into Aura.finance liquidity pools, and yield harvesting.
Daoism systems have already completed the first established milestones for the project and have received the first PowerPool Builder Grant payment through Gitcoin.
If you are developing a project and want to incorporate reliable, cost-effective, and decentralized automation, apply for a PowerPool Builder Grant on Gitcoin.
A recap of Community activities
Gitcoin Grants Stack & PowerPool held a joint AMA session on X Spaces where we talked about our partnership, discussed the types of projects PowerPool aims to onboard, the innovative grant solutions Gitcoin provides, and how they can streamline the process of distributing PowerPool Builder Grants.
The 3rd round of PowerPool’s deBank campaign has concluded. Rewards have been distributed to 10 randomly chosen addresses. Round 4 has already begun! Follow PowerPool on deBank, participate in the campaign, and receive rewards.
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