DeFi Intel

Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning

Powerloom will permanently halt at 6:00 AM UTC on July 21, giving users under 24 hours to bridge transferable assets like POWER to Ethereum. Unclaimed rewards, staked POWER, or node-slot funds dependent on dashboard workflows closed on July 16 cannot be recovered. The founders cited a lack of sustainable operating model and ecosystem demand for the wind-down.

Read full article on Cryptonews.net →

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