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Value Proposition-PowerAgent

PowerAgent Network automates smart contract execution for any protocol to use
The PowerAgent Automation Network is open for use by any client protocol seeking to incorporate open-source, generalised, permissionless, autonomous, decentralised, configurable, cost-effective and secure automation into their on-chain products and services.
Open source codebase
  • Open to inspection by client protocols and their users at any time
  • Shared with increasing number of other client protocols, all participating in audits and testing
  • Open to being extended by all protocols using the network
Generalised functionality
  • Supports an expanding number of basic event-driven functionalities
  • Reduces client protocols' need to code, audit and maintain
  • Task-specific signer set requirements scale from low value, low penalty to very high value, high penalty tasks
Permissionless
  • Anyone can join the PowerAgent Network as a node/keeper simply by staking sufficient $CVP
  • Any (EVM compliant) protocols can choose to use the Network, initially on EVM-compliant L1/L2s
  • Client protocols can increase/decrease their signer set credentials requirements by task, at any time
  • Nodes/keepers can increase or reduce their signer set credentials at any time
Autonomous
  • PowerAgent task execution is totally independent of the client protocol, increasing trust and reducing points of failure
  • Users of client protocols are able to independently audit and monitor tasks, even become Network node operators
  • Nodes operating on a given EVM-compliant L1/L2 are totally independent of other chains/layers
Decentralised
  • Client protocols can specify the minimum number of independent nodes/keepers in their task-specific signer sets
  • No single point of failure or dependencies in the PowerAgent automation network
  • No upper limits on numbers of nodes/keepers or client protocols
Configurable
  • Event triggers, task specifications and minimum signing requirements defined task by task by client protocols
  • Chronological events can be triggers, for example auto-harvesting staking yields, etc.
  • Oracle-based calculations include stored state, enabling for example, token baskets re-balancing options like calculating worst performing tokens in the basket, automatically selling half and buying more of all the other tokens in the basket.
Cost-effective
  • Fees defined task-by-task, independent of market conditions, leading to lower costs, and more predictable task execution for users
  • Fees can be varied based on other evaluated conditionality
  • Allows client protocols to forecast and control the cost of reliable automated contract execution
Secure
  • Competition between increasing numbers of nodes/keepers make it virtually impossible for bad actors to act alone or in collusion
  • Usage by ever-more protocols across ever-more EVM L1/L2 chains/layers contributes to continuosly hardening codebase