PoWDump - A PoW ETH dump button using cross-chain atomic swaps

We’re proud to announce PoWDump - the prime venue for the Ethereum community to dump their PoW ETH, sunset the PoW chain faster, and save the environment without having to go via a centralized exchange!

We are proponents of the Proof-of-Stake Ethereum, and we can’t wait for The Merge to happen. Still, we must deal with the reality that there will be a Proof-of-Work fork. This leads to sort of an “airdrop” situation for ETH holders. Due to the fork, they'll receive PoW ETH, which they probably don’t even want to hold.

PoWDump is a simple DApp that lets PoW ETH sellers create atomic cross-chain swaps which match them with buyers. This makes it a secure, on-chain way to sell your PoW ETH, which doesn’t rely on centralized exchanges or trusted (wrapped) bridges.

Sunsetting the PoW Ethereum

The switch from a Proof-of-Work consensus mechanism to Proof-of-Stake has been in the Ethereum roadmap since the beginning.

  • Proof-of-Stake is more secure, and it requires far less energy. A lot of effort has gone into developing and implementing PoS, and it will continue to evolve in the future. Further scaling solutions will be more efficient, making Ethereum better for the users.
  • To sunset the Proof-of-Work chain, we should aim to simply turn it off. Less usage means the chain should not continue to exist in a meaningful way.

Better for the environment

After The Merge, Ethereum will consume 99.95% less energy.

More ETH to stake

By swapping your PoW ETH on the PoW chain to ETH, you'll have more ETH to stake!

  • On Ethereum, the more ETH there is staked, the more secure the chain is!
  • Staking your ETH allows you to passively earn rewards. At the current rate, one can gain about 4-7% APY from staking on Ethereum.

Supporting charitable causes

A chunk of the collected fees will go to charitable causes. Every PoW ETH you dump helps support various causes in the Ethereum ecosystem.

  • Giveth is a partner, helping us curate a list of charities to receive donations!
  • We will support open-source development via GitCoin grants.