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Powerledger integrates Wormhole NTT for multichain $POWR token transfers
Powerledger now enables seamless native multichain transfers of $POWR between Ethereum and Solana using Wormhole NTT.
Powerledger’s $POWR token is live on Raydium and Jupiter, expanding liquidity and global reach.
$POWR token on Solana is now officially available on decentralised exchanges (DEXs) Raydium and Jupiter. The listing of POWR on these exchanges highlights a key step in Powerledger’s roadmap after integrating with the Solana ecosystem.
Blockchain and decentralisation
As any followers of Powerledger will know, blockchain and its associated cryptocurrency POWR are important cornerstones in our conception of the decentralised grid. As Powerledger has grown, its ambitions have expanded too; from proving it can work in principle, to getting ready to work at scale.
That is why we have evolved from our own blockchain to integrating with Solana mainnet, harnessing the full potential of Solana’s network and ecosystem capabilities for Powerledger’s products. This expansion marks a key milestone in building on an open and common platform for sustainable energy solutions.
Powerledger’s Co-founder & Technical Director, John Bulich
Listing POWR, a sustainability-driven asset, on Raydium and Jupiter is a major milestone, underscoring the growing momentum of ReFi on Solana and advancing our shared vision for a decentralised, sustainable future.
Opening up new possibilities for a sustainable future
Powerledger sees blockchain as something akin to barcodes in supermarkets. Barcodes and scanners don’t define what a supermarket is, but they allow supermarkets to operate at high volumes and low margins.
Solana mainnet supports Powerledger’s mission of democratisation of power for a sustainable future.
Faster innovation
Driving innovation at pace by leveraging new features and tools from the Solana ecosystem
Unlocking new opportunities
Tapping into Solana’s vibrant community unlocks new opportunities for collaboration with immediate and positive impact.
Championing ReFi and sustainability
Reinforcing our shared commitment with Solana for a sustainable future.
Dr. Jemma Green
Co-founder & Chairman • Powerledger
”At the core of both Solana and Powerledger is a commitment to empowering people. Powerledger’s vision is to enable ordinary citizens to actively participate in the energy transition and make clean energy accessible for everyone. This aligns seamlessly with Solana’s goal of making blockchain accessible to everyone. This shared focus on people and innovation will drive meaningful progress and create new opportunities for all,”
Join the POWR community
The Powerledger Announcements Telegram group is your go-to place for the latest updates and news about POWR.
Frequently asked questions (FAQs)
How to stake POWR?
After the expansion of Powerledger’s operations to Solana mainnet, the Powerledger blockchain has been deprecated, and staking is no longer available.
In case of queries, please contact enquiries@powerledger.rezvee.com
What are/were the fees on POWR staking?
Validators can charge a commission to delegated stakers who stake their POWR with their node. This commission can vary, from 0% to 100%, and Powerledger does not control this commission rate. The commission is subtracted from any rewards delegated stakers accrued.
When unstaking and withdrawing your POWR and rewards, there is a small fee charged in POWR, which is subtracted from your rewards to cover the ethereum transaction fee of unstaking. When you do the final withdrawal step, you must send an ethereum transaction to withdraw your funds, which will incur a small ethereum transaction fee.
I cannot withdraw my stake through the staking portal
You can directly unstake your POWR and withdraw rewards from the Ethereum staking smart contract using MetaMask in just 4 simple steps.
- Go to the staking contract on etherscan: https://etherscan.io/address/0xba33aa06901b7662e17869f588b77c04fb0cd872
- Go to the Contract tab > Write Contract
- Click ‘Connect to web3’ and connect the Ethereum wallet that was used for staking (Metamask). Make sure it’s the one you used for staking.
- Click Withdraw & confirm on MetaMask (and hardware wallet if needed). Once the transaction is processed, your original stake and rewards will appear in your wallet.
Here’s a direct link to the ‘Withdraw’ function: https://etherscan.io/address/0xba33aa06901b7662e17869f588b77c04fb0cd872#writeContract#F13
Unstake your $POWR and claim your rewards effortlessly. 🚀
Reference: Original post on X
