8. Distribute Rewards
Are you baking on behalf of others? Do you have accounts delegated to your baking address? No longer solo-baking? If yes, then you need a process to distribute rewards every cycle. The best way is with the following, TRD:
Tezos Reward Distributor : Run & ForgetTRD is a software for distributing staking rewards of delegators introduced in detail in this Medium article. This is not a script but a full scale application which can continuously run in the background as a Linux service. It can track cycles and make payments. However it does not have to be used as a service, but it can also be used interactively. The documentation can be found here
1. Install python 3.
sudo apt-get update
sudo apt-get -y install python3-pip
2. Clone repo and install modules.
cd
git clone https://github.com/habanoz/tezos-reward-distributor
cd tezos-reward-distributor
pip3 install -r requirements.txt
- By default, payment configuration is stored in
~/pymnt/cfg/
# create directory
mkdir -p ~/pymnt/cfg/
cp tezos-reward-distributor/examples/tz1boot1pK9h2BVGXdyvfQSv8kd1LQM6H889.yaml ~/pymnt/cfg/
nano ~/pymnt/cfg/<tz1_yourBakerAddress>.yaml
Example contents of
<tz1_yourBakerAddress>.yamlversion : 1.0
baking_address : tz1_yourBakerAddress
payment_address : myPaymentAddress
service_fee : 15
founders_map : {tz1_yourBakerAddress: 1}
owners_map : {tz1_yourBakerAddress: 1}
specials_map : {}
supporters_set : {}
min_delegation_amt : 100
reactivate_zeroed : True
delegator_pays_xfer_fee : True
delegator_pays_ra_fee : True
rules_map:
mindelegation: TOB
tz1_yourBakerAddress: TOB
1. Generate a new tz1 account named
myPaymentAddress. Add a passphrase to protect it.cd ~/tezos
./tezos-client gen keys myPaymentAddress
# Enter passphrase to encrypt your key:
# Confirm passphrase:
2. Verify that the account was created successfully.
./tezos-client list known addresses
3. You should see your
myPaymentAddress along with it's public address starting with tz1. See below for example.myPaymentAddress: t1420a9zkodJpP5xtbwez651YxRKJtxVmqe (encrypted sk known)
4. VERY IMPORTANT STEP: Backup the secret key and your passphrase. Save this somewhere safe.
✨
./tezos-client show address myPaymentAddress -S
Example output
:Secret Key: encrypted:edesk1<randomCharacters>
Reminder: Backup your secret key and passphrase, carefully and correctly.
- 1.Update and run the following command with your secret key that you backed up earlier.
cd ~/tezos
./tezos-signer import secret key myPaymentAddress encrypted:edesk1<randomCharacters>
2. Start the signer process which will sign payment transactions generated fromTRD.
./tezos-signer launch socket signer -a 127.0.0.1 -p 22000 -W
3. Add the payment address to tezos-client. Make sure to update
<tz1_myPaymentAddress> with your payment address public key../tezos-client import secret key myPaymentAddress tcp://127.0.0.1:22000/<tz1_myPaymentAddress> -f
To run TRD, execute the following command.
cd ~/tezos-reward-distributor
python3 src/main.py -O 60 -E ~/tezos --do_not_publish_stats -P tzstats
Want to double check everything and do a dry run before sending rewards? Add
-D to the command line.-O means delay the payment for 60 blocks from the start of a cycle. -P is the rpc provider of the data used to calculate the rewards.That's it! Every cycle or ~3 days, reward payments can automatically be distributed from
myPaymentAddress. Just make sure to transfer enough tez from your baker address to this payment address.~/pymnt/reports/contains CSV files detailing calculations, failed/done payments.
git fetch origin #fetches new branches
git status #see the changes
git pull
Check the change logs and review the new fixes/updates for potentially breaking changes requiring attention. Use
git log command.Last modified 3yr ago