https://news.bitshares.org/wp-content/uploads/new-stakebot.jpg

by BitShares Management Group

As promised a month ago in first announcement of bugs and updates that we will perform, StakeBTS bot update came with much more changes than we originally planned. We've compiled the essential highlights for you in the below, while full and very detailed readme for this project can be found on the official BitShares GitHub.

StakeBTS bot is a tool for BitShares token holders (stakeholders) to lock their tokens into a fund pool, managed under corporate terms. Users who pledge to lock amounts of tokens are provided with rewards of upto 96% APY. (8% month). These returns are made through active corporate management of market making, trading, and fee pool profits.

StakeBTS bot is ran predominantly from automations with managerial controls, some of which are described below.

CHANGELOG V2.0 HIGHLIGHTS

Enhanced whereby all future payouts occur in 30 day intervals from beginning of contract
All payout amounts will be rounded down to nearest whole BTS
User will receive receipt as memo with 1 BTS upon creating a new contract
All payouts will come from bitsharesmanagement.group
In the event of payout failure, 1 BTS will be sent with additional support info
Client sends an invalid amount or invalid memo he will be refunded less 50 BTS penalty
Manager can use bot to transfer funds to and from bittrex to brokerage account
Manager can use bot to personally loan funds to the brokerage account
New database format, all payouts are added to database at start of contract
New database format, all outbound payment details are kept as receipts

FEES

It's recommended to use the provided form on the BTSMG website for StakeBTS. The bot charges a fee of 50 BTS and returns your funds if:

Sending invalid stake amount
Sending invalid memo
Sending admin request without being in MANAGER list
Sending admin loan_to_bmg without lifetime member (LTM) status on your account
Bot ignores bittrex to bmg and vice versa transfer requests if not LTM

StakeBTS Bot TECH

1) BALANCES AND WITHDRAWALS

in a seperate script import withdrawal and balances definitions:
unit test post_withdrawal_bittrex() and post_withdrawal_pybitshares()
unit test get_balance_bittrex() and get_balance_pybitshares()

2) BLOCK OPERATIONS LISTENER

reset database
in config.py set DEV = True
send 0.1 BTS to broker, ensure script hears it arrive to the BROKER account.
check state of receipts and stakes database tables

3) DATABASE LISTENER

in config.py set DEV = True
reset database
load old contracts:
- python3.8 import_data.py
print database contents:
- sqlite3 stake_bitshares.db
- SELECT * FROM stakes;
via sql, change the due date on a single payment to 0, see that it gets paid
- sqlite3 stake_bitshares.db
- UPDATE stakes SET due=0 WHERE client='user1234' AND number=6;
check state of receipts and stakes database tables

4) REPLAY BLOCKS

reset database
in config.py set DEV = True
in config.py test True, False, int() of REPLAY
ensure script starts at correct block number
script should not create duplicates in stakes database when replaying
check state of receipts and stakes database tables

5) CLIENT MEMOS

reset database
with config.py set DEV = False and 100 added to the list of INVEST_AMOUNTS
send an invalid amount 99
send an invalid memo fail_memo
send a valid amount 100 and valid memo to start a new stake
send memo to stop a stake

6) ADMIN MEMOS

using a MANAGER account test admin memos (with and without LTM)
bmg_to_bittrex
bittrex_to_bmg
loan_to_bmg
check state of receipts and stakes database tables

7) BITTREX COVER

reset database
send 1000 BTS to Bittrex
with config.py set DEV = False and 100 added to the list of INVEST_AMOUNTS
insert line item in stakes table with amount ~500 BTS more than balance of BROKER:
- INSERT INTO
- stakes
- (client, token, amount, type, start, due, processed, status, block_start, block_processed, number)
- VALUES
- ('user1234', 'BTS', BALANCE_BROKER, 'interest', 0, 0, 0, 'pending', 0, 0, 1)
empty the broker account
send memo to stop a stake
bot should move funds from bittrex to pybitshares wallet, then to client to cover
ideally this should be tested with various amounts in all 3 Bittrex wallets

FEATURES

automatically move funds from bittrex to hot wallet to cover payments due
does not allow non-ltm users to administrate
allows replay from current block, last block in database, or user specified block.
prevents double entries during replay

StakeBTS BOT - August Update and release notes

StakeBTS Public proof of 2nd round of Nominator rewards (Source: BitShares open-source wallet)

Other StakeBTS Bot Features

Automatically move funds from bittrex to hot wallet to cover payments due
Does not allow non-LTM users to administrate
Allows replay from current block, last block in database, or user specified block.
Prevents double entries during replay

Author

Concept design and logic

Milos (Digital Lucifer) Preocanin

Sponsor

This software is sponsored and managed by BitShares Management Group Limited

bitsharesmanagement.group

Developers

v1.0 initial prototype

Brendan Jensen aka iamredbar

v2.0 refactor, refinement, added features

litepresence

Conclusion

StakeBTS has come from a humble start to a polished automation platform for the holders of BTS who were never rewarded in the past - in just a few short weeks. All credit goes to the development and BitShares Management Group for the initiative, legal coverage and delivery of this project. For more about the rise of BitShares technology, see the recent publications linked in the below, and on the BitShares News website.

https://twitter.com/BitSharesOrg/status/1427470320852561922?s=20

Posted from BitShares News with Exxp : https://news.bitshares.org/stakebts-bot-update-and-release-notes/