Hey hey Prom Community and DeFi Enthusiasts 👋
Prom’s Biweekly Update is here!
Get the latest on Prom’s recent activities and accomplishments from the past two weeks. May has been a month of significant developments in integrations, partnerships, and community engagement.
In this thread:
- Prom: Network stats
- Prom: Partnerships and integrations
- Validator and Delegate Campaigns stats
Let’s dive into the details! 🧵👇
Firstly, you still don’t know about Prom?
For those of you who are new to the community, Prom is a cutting-edge blockchain platform focused on enhancing scalability, security, and interoperability. Prom’s innovative zkEVM Layer 2 solution bridges the gap between EVM and non-EVM networks, offering a seamless multichain experience. Prom aims to revolutionize the blockchain landscape by providing advanced solutions for developers, businesses, and users.
Dive deep into details: https://prom.io/
Prom Network Stats
New milestones for Prom Testnet:
- The Prom Testnet now boasts over “1,139,530+” unique wallet addresses
- The Prom Testnet has surpassed “9,000,000+” transactions!
These impressive stats highlight the growing interest and participation in Prom’s ecosystem. Each new wallet and transaction signifies increased engagement, testing, and validation of Prom’s network’s capabilities.
The Prom Testnet consistently handles an average of “125,301” transactions daily. This steady activity underscores the continuous engagement and robust participation within the Prom ecosystem, reflecting the ongoing interest in Prom’s innovative technology.
Testnet hit a remarkable daily peak of “341,230” transactions, demonstrating the network’s scalability and robustness.
You can check the current stats: https://testnet.promscan.io/
Guardians of the Prom Ecosystem: Validators
Validators are crucial to the Prom ecosystem, upholding the security and integrity of the DAO. They rigorously review and approve proposals that have passed the initial community vote, ensuring alignment with Prom’s vision and goals.
Current statistics of the Validator campaign:
- 300,000+ #tasks reviewed by the Prom team.
- 9 tasks per member on average.
The Validator campaign continues to gain momentum! Over 300,000 total quest claims have been surpassed, and the top 10 participants have all exceeded the impressive milestone of 100,000+ XP each!
Here is Prom Validator Campaign leaderboard: https://zealy.io/cw/prom/leaderboard
Empowering the Community: Delegate Campaign
Delegators play a vital role in Prom’s ecosystem. Engage in the Delegate Campaign to share 1,000,000 $PROM as voting power. Your active participation brings not just influence but rewards from network fees.
As of May, the impact of the Delegator campaign on network stats continues to grow, reflecting the community’s active engagement and commitment.
Ready to lead? Details here: https://prom-io.medium.com/become-a-prom-dao-delegate-share-1-000-000-prom-as-voting-power-4ac6976e1216
Understanding Prom DAO Structure
Prom operates as a Decentralized Autonomous Organization (DAO), empowering community members to participate in decision-making processes. This inclusive structure ensures that the development and direction of the Prom ecosystem are guided by the collective input of its participants, fostering transparency and democratic governance.
- Members: All $PROM holders can vote on governance proposals, sharing a specific portion of the total quorum. Rewards are based on voting power and activity.
- Delegates: Empowered by other $PROM holders who transfer their voting rights, they use delegated tokens to participate in the voting process.
- Validators: Higher tier members who perform additional scrutiny and due diligence on proposals.
Integrations and Additions Update
May continues to be an exciting month for Prom, with integrations and partnerships advancing at a rapid pace. These new additions are significantly enhancing the ecosystem and providing immense value to the community. From improving interoperability to expanding Prom’s network’s capabilities, the impact of these integrations is undeniable.
Stay tuned as we delve into the details of each new integration and partnership in the following tweets:
Prom Integrates Dyor Exchange into The Ecosystem
Prom has partnered with Dyor Exchange, a pivotal collaboration set to enhance the DeFi and Web3 investing experience! By integrating Dyor Exchange’s innovative investment tools with Prom’s advanced blockchain infrastructure, this partnership will transform how users enter the crypto market and make strategic investment decisions.
This collaboration isn’t just about improving investment processes — it’s about creating an ecosystem where collective wisdom and resources elevate everyone’s success. Experienced investors and newcomers alike can come together to share insights and grow, redefining the future of digital finance.
Prom Integrates NEAR Protocol’s Data Availability Solution
This integration addresses key limitations of traditional blockchain architecture, significantly enhancing both scalability and efficiency. It’s a strategic move that equips the ecosystem to meet future technological demands.
@NEARProtocol is renowned not only for its technological prowess but also for its commitment to fostering a developer-friendly environment. NEAR’s unique Nightshade sharding mechanism allows for incredible scalability without compromising security. This makes it an ideal partner for @prom_io, as both seek to offer more expansive and secure blockchain solutions.
Strengthening the Ecosystem: AirDAO Integration
AirDAO, a community-governed Layer 1 blockchain, is joining the Prom ecosystem! The integration of AirDAO into the Prom ecosystem represents a strategic alignment with Prom’s vision to foster a more transparent, accessible, and decentralized Web3 environment. This partnership enhances scalability, supports the development of next-gen Web3 products, and advances the future of decentralized finance. By combining their strengths, Prom and AirDAO can deliver more robust and innovative solutions to the community.
Support Prom as an EigenLayer Operator: Delegate $EIGEN
Prom has officially joined EigeLlayer as an Operator. Prom, now an EigenLayer Operator, integrates Eigen’s innovative security model. Delegating $EIGEN tokens to Prom strengthens the protocol’s security framework, ensuring a more resilient, decentralized, and scalable ecosystem for Prom’s users and developers.
This integration allows Prom to leverage EigenLayer’s advanced security features. Enhanced security not only protects the network but also fosters trust among users and developers. It enables Prom to scale efficiently while maintaining high-security standards.
The Prom ecosystem’s been buzzing with activity lately! From network milestones to exciting partnerships and community campaigns, there’s so much to celebrate. Thank you for being an integral part of this journey. Stay tuned for more updates as Prom continues to innovate and grow!
