Nutbox DeFi FAQ & Blog (May 2021)

in #nutbox23 days ago

Translated from FAQ & Blog

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What is Peanut?

Peanut is a decentralized staking platform based on the Steem blockchain.

What are the differences between Peanut and other staking platforms on Steem?

Similar to other staking platforms (delegation platforms) on Steem, delegators of SP (STEEM POWER) receive upvotes from the official community account (@nutbox.mine). At the same time, the delegators to the Peanut platform (operating on peanut.nutbox.io) also receive the community token (PNUT).

Peanut is also a DeFi platform based on the Steem blockchain. You can convert STEEM and SBD into Tron-based equivalent assets TSTEEM and TSBD respectively at 1:1 in one click. The converted TSTEEM and TSBD can be traded on the decentralized exchange JustSwap on Tron. Peanut also supports the staking of PNUT-TRX liquidity pool token (PNUT-TRX LP) and TSP-TRX liquidity pool token on JustSwap for mining PNUT.

Peanut is a community-owned platform. Community members can submit proposals to raise suggestions for the community. Once the proposal is voted on, the proposer(s) can participate in community development, operation, promotion and other work according to the description of the proposal, and the proposer(s) will also receive PNUT rewards in accordance with the proposal.

For details see: https://blog.nutbox.io/@nutbox/nutbox-dao-governance-is-online--the-procedure-of-nutbox-proposal-is-operating--20201105t090030122z

What is the relationship between Peanut and Tron Blockchain?

Peanut's smart contract is built on the Tron blockchain. Through the Tron blockchain, Peanut provided the Steem community with the basic modules of smart contracts and DeFi, which can be used for a plethora of applications.

The risk of participating in Peanut?

The risk of participating in Peanut is that you need to invest in STEEM, convert it into STEEM POWER (SP), and delegate it to Peanut. Since there is no risk in delegating SP, the risk of participating in Peanut lies in the rise and fall of STEEM value.

What supports the value of PNUT?

The value of PNUT mainly derives from two aspects:

  • the buyback of PNUT by the peanut committee;
  • the profit from DApps on Steem incubated by peanut.dao after they start producing results;

In addition to the halving of PNUT at fixed time, the daily distribution volume is fixed within a certain period of time. Therefore, the more curatorial rewards peanut receives, the more significant its support for the price of PNUT, that is, the price of PNUT will increase with the increase of SP received by peanut;

The applications of PNUT?

PNUT will be involved in a wide range of applications of peanut. It is expected to:

  • Provide liquidity for PNUT/TRX and receive transaction fee rewards;
  • Holders of PNUT enjoy the right to vote for proposals;
  • Holders of PNUT indirectly have the voting rights under the peanut proposal voting system to participate in community governance;
  • Holders of PNUT can participate in various economic activities of the peanut collaboration platform, such as multiple rounds of ranking;
  • Enjoy the rights and interests of peanut;
  • Participate in voting to determine the DApps that peanut.dao invests in incubation.

What about paying PNUT for Upvote?

You can buy upvote here:https://peanut.nutbox.io/#/get-vote

  • You need to connect Tron-link

  • Enter your post link and amount of PNUT:
    a.The post's author must be delegating at least 100sp to @nutbox.mine
    b.The post must be your first upvote purchase in a day (It's a day in Beijing time UTC 16:00 is Beijing midnight, we will update the data)
    c.The amount of PNUT has to be between 1000~10000

  • You must have at least 10TRX in your Tron wallet for transaction fee.

  • If the upvote didn't come at time , please wait. Robot will hang up if @nutbox.mine's VP is below 55%.

  • Refund may occur. Refund is with memo showing why we refund your PNUT:
    a. Robot have voted your post through buying pnut.(Not upvote for delegation)
    b.The amount of PNUT that you transferred is not between 1000~10000
    c.The post link you provided is authored last day
    d.The post link is a wrong post link.

What about receiving upvotes from @nutbox.mine by delegating SP?

By delegating SP to Peanut (@nutbox.mine) through peanut.nutbox.io, you will also receive upvotes from Peanut (@nutbox.mine) daily. The weight ratio of Upvote is 「(amount of delegated SP × 8/total amount of @nutbox.mine SP) × 100%」, and one post is upvoted every day.

How is the 10% of PNUT owned by peanut.dao allocated?

In the early stage, peanut.dao will support early contributors, the development and operation of nutbox v2, and the most important thing is to support DApps on Steem to obtain DApp tokens.

What is PNUT buyback?

As community members delegate SP to Peanut (@nutbox.mine), @nutbox.mine will be rewarded with STEEM (https://steemd.com/@nutbox.mine). The Nutbox Committee will convert STEEM to USDT from time to time, and buyback PNUT through the PNUT-USDT trading pair on JustSwap.

The buyback address of @nutbox.mine on Tron blockchain is: TMLMSuyygN1fL5HpUt1oQp3RjvdEsHZffG

The Peanut Committee will burn the boughtback PNUT. However, if the community has special needs, relevant proposals can be submitted through the proposal voting system to determine the purpose of this portion of PNUT.

What is Nutbox Global Ambassadors?

There are currently 8 Global Ambassadors affiliated with Nutbox & Peanut who promote Nutbox & Peanut forward. Regarding Nutbox Global Ambassador Program, see: https://blog.nutbox.io/@nutbox.mine/nutbox-global-ambassador-program-or-nutbox

What is Peanut Committee?

Peanut Committee is the transitional institution during the process of Peanut progressing towards completely decentralized governance, see this post for details: https://blog.nutbox.io/@nutbox.mine/the-committee-of-peanut-nutbox-v1-dao-starts-up-meanwhile-the-account-of-the-committee-is-operating

TSP

TSP is an asset based on the Tron blockchain, which is a TRC20 Token, and 1 TSP is equivalent to 1 SP delegated to Peanut (@nutbox.mine). Holders of TSP can enjoy the same rights as delegating SP, that is, receive curation from PNUT and upvotes from Peanut (@nutbox.mine).

Community members can use 「peanut.nutbox.io - Liquid Staking」 to convert STEEM to TSP at 1:1 any time. TSP can also be redeemed into STEEM at any time, and the redeemed STEEM will reach their Steem account within 33-40 days.

TSP can be traded on JustSwap,exchange link: https://justswap.io/?lang=en-US#/scan/detail/trx/TW2EWoRUJfwH9nMTfLxSL9JPLZeusUtTfR

On TSP #1: https://blog.nutbox.io/@nutbox/tsp-a-trc-20-defi-asset-based-on-steem-staking-economy-with-over-50-apy-will-be-online-tonight

On TSP #2: https://blog.nutbox.io/@nutbox/tsp-a-tradable-steem-power-sp

TSTEEM、TSBD

TSTEEM and TSBD are assets based on the Tron blockchain, which are TRC20 Tokens. Their values are equivalent to STEEM and SBD respectively on the Steem network at 1:1 , and the Peanut cross-chain conversion module guarantees the 「peanut.nutbox.io - wallet - cross-chain transfer」.

After TSTEEM and TSBD cross-chained to Tron, decentralized exchanges and decentralized lending in the Tron ecosystem can be used, and liquidity mining can also be carried out, which greatly expands the efficiency of the use of Steem network assets.

On TSTEEM #1:https://blog.nutbox.io/@nutbox.mine/to-start-mining-pnut-through-the-tsteem-deposit-it-is-a-new-era-of-capital-saving-in-steem-community

On TSTEEM #2:https://blog.nutbox.io/@nutbox.mine/trade-steem-to-trx-usdt-on-nutbox-io-and-justswap

TSTEEM decentralized exchange link: https://justswap.io/?lang=en-US#/scan/detail/trx/TBUZYrDh7gzjd1PLnkMHWoAo55ctRzZzGN

TSBD decentralized exchange link: https://justswap.io/?lang=en-US#/scan/detail/trx/TEPZJmYLJxJc8b5FueswwLWmUDhJGnih6Q

LP Token

On JustSwap, you receive the corresponding LP Token by providing liquidity for a trading pair liquidity pool. For example, by depositing the TRX and PNUT of your account into the PNUT-TRX trading pair liquidity pool on JustSwap, you will get PNUT-TRX LP Token.

As the holder of PNUT-TRX LP Token, you will receive the transaction fees from others trading PNUT-TRX. At the same time, you can also stake LP Token in the corresponding mining pool at "peanut.nutbox.io - Liquidity Mining" to receive PNUT as reward.

JustSwap

JustSwap is a decentralized exchange in the Tron ecosystem. Trading pairs can be created for any TRC20 token and be traded here. Trading pairs of PNUT, TSP, TSTEEM, and TSBD on the Peanut platform with TRX have all been created respectively. Community members can exchange PNUT, TSP, etc. into TRX or USDT on JustSwap.

Community Perspectives_Blog

中文

《祝贺Nutbox项目上线,见证奇迹的时刻来了?》
https://steem.buzz/hive-180932/@huangzuomin/nutbox

《代理SP给Nutbox收益到底如何?》
https://steem.buzz/hive-180932/@huangzuomin/sp-natbox

《Nutbox正式发布 我也加入矿工行列》
https://steem.buzz/wherein/@hykwf678233/wherein-1603264601062-s

《信念》
https://steem.buzz/hive-180932/@honoru/4tddhw

《代理sp 给nutbox》
https://steem.buzz/hive-180932/@susanli3769/sp-nutbox

《挖点花生! Nutbox如期上线......》
https://steem.buzz/hive-180932/@lemooljiang/ov2hg

《做市》
https://steem.buzz/hive-180932/@ericet/5niqxc

《开始挖矿》
https://steem.buzz/hive-180932/@shenchensucc/svsqw

《Steem DEFI 項目 Nutbox 花生幣明天上線,您準備好嗎?》
https://steem.buzz/hive-180932/@honoru/steem-defi-nutbox

한국어

《Steem 블록 체인의 Nutbox-Y Combinator》
https://steem.buzz/hive-196917/@ayogom/steem-nutbox-y-combinator

Nutbox Perspectives_Blog

中文 & English

English - 《Nutbox —— Y Combinator of Steem , is coming soon! 》
https://steem.buzz/cn/@wherein/nutbox--y-combinator-of-steem--will-coming-soon-20201017t190449041z
https://steem.buzz/cn/@nutboxs/nutbox--y-combinator-of-steem-blockchain-20201016t055718157z

English - 《The Nutbox is operating, and the Steem Y era is coming!》
中文 - 《Nutbox正式发布,开启Steem Y时代!》
https://steemit.com/nutbox/@wherein/the-nutbox-is-operating-and-the-steem-y-era-is-coming-or-nutbox-steem-y

English - 《Nutbox latest news: the scale of SP delegation pool reached 230K in 24 hours, and the PNUT-TRX trade pair is displayed on Justswap DEX.》
https://steemit.com/cn/@nutbox/nutbox-latest-news-the-scale-of--sp-delegation-pool-reached-230k-in-24-hours-and-the-pnut-trx-trade-pair-is-displayed-on-justswap-dex--20201021t181523673z

English - 《NutBox is now 263k SP delegated with high estimated faucet mining return (APY:170%)》
中文 - 《Nutbox获得 263K SP代理,挖矿年华收益率高达 170%》
https://steem.buzz/defi/@nutbox.mine/nutbox-is-now-263k-sp-delegated-with-high-estimated-faucet-mining-return-apy-170