I am excited to announce that KEEP Network has launched, for a limited time only, KEEP & TBTC liquidity rewards on Uniswap for three pools!
The breakdown of weekly rewards for each pool is as follows:
* 300K KEEP to Uniswap KEEP/TBTC (~800% APY*)
* 250K KEEP to Uniswap KEEP/ETH (~800% APY*)
* 50K KEEP to Uniswap TBTC/ETH (~85% APY*)
Note: The annual percentage yield (APY) shown above are as of Jan 18th 2021–10 pm UTC. Expect the APY to drop as more people become liquidity providers (LP’s).
In this guide, I will demonstrate how to become LP on Uniswap and earn KEEP rewards. …
KEEP team has decided to grant 1000 KEEP for any Playing for Keeps (pfk) winners from Sept and/or Oct to put their entire winnings in Uniswap as liquidity in KEEP/ETH or KEEP/TBTC pairs for atleast 1 month. You need to have equivalent worth of ETH or TBTC (in $ value) outside of your KEEP pfk winnings to provide liquidity. The key here is — you need to put your entire KEEP winnings only in one of the 2 pools on Uniswap.
Example — If your pfk winnings are 1000 KEEP, you would need to add 1000 KEEP and ~0.45 ETH based on current KEEP and ETH price. At the time of writing this article, KEEP is trading at ~$0.25 …
The Keep team plans to incentive participation in the first 24 months for mass adoption by subsidizing the rewards. There will be 2 earnings for node operators during stakedrop — stakedrop incentives and system earnings. Stakedrop incentives end after 24 months (started at Sept 14th, 2020) and normal system earnings continue from there on. I try to cover some key details around stakedrop incentives for first 24 months.
I would suggest you to read first about stakedrop in my other article here — https://medium.com/@chdru/keep-network-stakedrop-3e63355a18ec
In this article, I dive deeper around how stakedrop rewards work.
20% (200 Million) of total available (1B) KEEP will be distributed as part of stakedrop rewards during a period of 24 months. It peaks at month 5 with 20+ millions KEEP rewards and then slowly goes down as shown below. …
This is step-by-step guide/tips for minting TBTC on Mainnet.
BTC — to mint TBTC. You can use Hardware Wallet or hot wallets.
ETH — Some ETH balance(depending on gas prices, recommend 0.5 ETH balance) for transaction fees. This wallet will also receive TBTC.
It takes about 60–90 minutes for the whole process and most of that is to get 6 block BTC confirmations.
It costed me 0.175 ETH + some BTC transaction costs for minting TBTC.
The Keep Network is a privacy layer for Ethereum (more blockchains to come in future) that allows users and applications to store data privately. It creates a bridge between the public blockchain and private data. It features off-chain containers for private data called keeps (aka private enclaves) to securely encrypt and store private data offchain. The protocol takes pieces of information, breaks it up into chunks, stores these chunks with different node operators, and allows the data owner to put those chunks back together as needed. The network randomly assigns keeps to a system of participants, called signers, that help store and manage these data containers. It uses Distributed Key Generation (DKG) cryptographic process in which multiple parties contribute to the calculation of a shared public and private key set. With this system, each signer is given access to a small portion of a secret which is encrypted. This process prevents single parties from having access to a complete private key. These off-chain keeps will be protected using secure multiparty computation (sMPC) across many individuals (nodes/signers). Each participant(signer) stakes KEEP tokens and ETH to act as a signer in exchange for a service fee and KEEP token rewards. …
Here are the detailed steps from start to end on setting up KEEP Random Beacon Node on vultr.com VPS. It would take about ~1 hr from start to end. Potentially can take longer if you get stuck in any of the below steps.
If you already have a Ubuntu VPS(server) ready to go, skip section 1 and directly go to section 2.
You would need to do all the steps to have the Random Beacon Node running. …
This steps is to show how to sign message. I show below accessing my Wallet in MyEtherWallet through JSON file.
If you are using JSON keystore file like I’m follow steps from 1 to 10. But you can use any way you want to access your wallet and then follow from step 7 directly.
Prerequisites —JSON keystore file to access your MyEtherWallet and mainnet ETH address to receive KEEP’s.
Step 1. Go to https://www.myetherwallet.com/ (Extremely important to confirm you are on the correct site !!)
Step 2. Click “Access My Wallet”
Step 3. Click on “Software — Keystore file, Private key, Mnemonic phrase” (4th…
This is step-by-step tutorial for redeeming your minted tBTC.
1. TDT ID
2. Bitcoin Deposit Wallet Address handy.
3. ETH for transaction costs.
3. Connect to Metamask Wallet using the below “connect to a Wallet”