Powerloom Launches Node Staking to Let Anyone Earn Daily Rewards

Powerloom has launched Node Staking on Mainnet. It lets anyone contribute to the network, participate in Powerloom’s decentralized data economy, and earn rewards with any amount of POWER in proportion to their contribution. One can begin contributing to this with as little as one POWER.

🎉 Node Staking is LIVE!

Earn Daily Rewards with ANY amount of $POWER 💪

Join us in shaping the future of onchain data access 🚀

🔗 👉 https://t.co/5WIxwpeOc1

🧵 : Know more ↓ pic.twitter.com/6xJYF2nOGe

— Powerloom Protocol (@Powerloom) February 27, 2025

To ensure fairness towards existing Snapshotters, Powerloom has also boosted the Daily Rewards pool for its Uniswap V2 data market by 10% — from 50,000 to 55,000 POWER.

📖 Read Powerloom’s official announcement for a complete guide on Node Staking and how to participate.

What Is Powerloom?

Powerloom is the composable data network for next-gen web3 apps and consumers. It handles everything from data extraction and validation to composition and storage, making reliable and affordable onchain data accessible to everyone.

From one-click node deployments to composable datasets, Powerloom promotes a hassle-free approach for operators and consumers while maintaining top-notch accuracy and verifiability.

By reducing the cost and complexity of data access, it catalyzes diverse use-cases like rich DeFi analytics for Uniswap V2/V3 or Aave V3 and consumer apps like Generative Prediction Markets (GPM).

📖 Check out Powerloom’s in-depth docs to learn about the protocol’s key components, architecture, and implementation. 

Shaping the Future of Onchain Data Access

Turning low-level blockchain data into practical, user-friendly products like bots, dashboards, etc., is resource-intensive and requires specialized skills. Onchain data access has thus been a persistent bottleneck to web3 innovations.

Powerloom’s composable data network solves this by providing devs, orgs, and end-users with ready-to-consume onchain datasets.

Besides eliminating barriers like cost and effort, Powerloom is building an ecosystem where anyone can contribute to the future of onchain data access as Snapshotter node operators. Node Staking is a key step in this direction.

While users with at least 10K POWER can easily mint and run Snapshotters nodes on Mainnet to earn Daily Rewards, Node Staking extends the opportunity to even those with smaller POWER holdings.

Moreover, it helps maximize value for existing Snapshotters. They can compound revenue on the Daily Rewards from their active nodes without having to wait till it reaches 10K POWER (i.e., the node mint price at the time of writing).

Thus Node Staking introduces new revenue streams for both existing and aspiring operators. It also expands POWER’s utility and the overall value for Powerloom’s global community.

👉 Those wanting to grab the opportunity should check out Node Staking at https://mint.powerloom.network/staking

They can also learn more and get help by joining the Powerloom community: Discord | Twitter | Telegram | Website | LinkedIn

Finally, for a complete guide on minting and running Snapshotter nodes on Powerloom Mainnet to earn 100% of the Daily Rewards, one can read this blog post 💫 🚀