πΈ 11.December.2023 β Register your addresses
Closes 6:00PM Monday AEDT
Closes 2:00AM Monday EST
β’ Meantime β "Import" onto Xahau and set the correct Trustline
πΈ 18.December.2023 β Targeted Launch
πΈ After Launch β Claim the Evers
[4/20] β 2β£ Basic Overview β Why?
What a struggle, you may say, but the devil is in the details.
They must airdrop on another blockchain based on an XRPL snapshot, screen out people who are unable or unwilling to participate, and match the specific qualifying token numbers.
[5/20] β 1β£ Fundamentals β Regular Key
On XRPL, an account's "regular key" may be viewed as a separate but empowered address with the authority to operate your main account on its behalf.
This is usually the case if you like to have this:
πΈ Deputy Account
πΈ Backup Account
[6/20] β 2β£ Fundamentals β Import
πΈ XUMM β Full Access
One way of importing an XRPL-Account into XUMM is to import the keys or seeds alongside the public address, which will convert your wallet into a "Hot-Wallet."
β Keys should not be migrated from one wallet to another
[7/20] β 3β£ Fundamentals β Import
πΈ XUMM β Read Only
By doing so, you just import the public address of your cold wallet and thereby advise XUMM that it exists and that you wish to see balances or kick off transactions without signing them.
Because the keys are always stored on the card, you may import the public address in read-only mode or safely add your Tangem card in full access mode.
β No security concerns
[9/20] β 5β£ Fundamentals β Import
πΈ XahauL β r-address
This specific "import" of your XRPL account using a yet-to-be introduced tool will assist you in initially setting up your account on XahauL.
@XrplServices has already summed it up precisely π
Have you ever wondered why your signed claim TX is never sent to the XRPL?
This is because it is a XUMM-specific "pseudo-TX-type" that responds with:
β’ Signed by?
β’ Valid signature?
β’ Multi-Signature Wallet?
[11/20] β 1β£ Considerations β
Before we begin the tutorial, a few last words.
We're about to temporarily give another account the authority to sign TXs on our behalf.
If this account was never linked to your cold-wallet, the linking may undermine your privacy or security.
[12/20] β 2β£ Considerations β
We will never migrate or leak keys, instead exposing our cold wallet to a second deputy-account, the XUMM mobile wallet, which is only ever not a hot-wallet when linked with a XUMM branded @Tangem card.
If you're unsure, ask questions! π
[13/20] β 1β£ Tutorial β
πΈ Wallet Preparation (Import)
[14/20] β 2β£ Tutorial β
πΈ Regular Key Configuration
[15/20] β 3β£ Tutorial β
πΈ Evernode Address Registration (XUMM)
[16/20] β Optional Ideas β
Depending on your paranoia, you may even move away your XRP from your cold wallet before continuing the registration w/ an empty wallet.
In this case, you might not even need the extra security of a Tangem card account and just use your hot-wallet.
[17/20] β What's Next? β
With our claim tickets in hand, we are now waiting for @XRPLLabs to launch the "import" tool that will allow us to kickstart our trip on the @XahauNetwork.
After that, we just add a trustline to rEvernodee8dJLaFsujS6q1EiXvZYmHXr8 on the XahauL.
[18/20] β Summary β
πΈ To claim with XUMM, use a regular key setup
πΈ Donβt import/migrate secrets in full access
πΈ XUMM is safe in and of itself, yet still a hot-wallet
πΈ Use a Tangem-card for your regular-key account
πΈ The regular key method doesn't leak keys
[19/20] β Krippenreiter β
I write about DLT and crypto, but primarily about XRP and the XRPL-ecosystem. π₯
If this interests you and you want to learn more, please follow me here:
@krippenreiter
The TL;DR is that pDomains are restricted environments on the XRPL that let users with permission use certain functions within the domain, like a DEX, in case the user owns the correct credentials. π§
[1/π§΅] The bullrun seems to be just around the corner, and everyone is teasing us with yield and XRPFi protocols. π§
Regardless of whether you decide to hold or sell...
Let's take a look at "Lending" and check if it's worth it. π
[2/14] β 1β£ Money Markets β
Before we do just that, let's quickly clarify a specific word first.
Behind the terms "Lending" and "Borrowing" actually hides another term that you will see from time to time:
πΈ Money Markets
[3/14] β 2β£ Money Markets β
Besides AMMs, lending is currently the most important pillar for on-chain DeFi, as it removes the middleman in the pooling, management, and lending of funds.
The goal? π€¨
Positive yield or in other words, interest on the liquidity you provide.
[1/π§΅] A MASSIVE attack on the JavaScript ecosystem is currently underway. βΉοΈ
Since JavaScript is at the heart of what we use every day to browse the internet, you MUST be extra vigilant.
Let's take a look at a possible solution for the XRP ecosystem. ππ§΅
[2/13] β 1β£ First things first β
Although the entire JavaScript ecosystem is at risk, the malware appears to be targeting only a few blockchain ecosystems, based on the addresses it uses to steal funds:
βΌοΈ At risk π
[3/13] β 2β£ First things first β
The reason this is such a big deal is because of the sheer volume of weekly downloads of the maliciously patched packages.
[1/π§΅] You've probably heard about new yield opportunities with XRP that promise a return of around 20% APY. π§
How much truth is there to this, and what happens if you actually connect to @moremarketsxyz and deposit funds? π
[2/14] β 1β£ First things first β
π I want you to repeat after me:
"I will not deposit all my XRP into completely new DeFi protocols right after their launch, no matter the yield"
[3/14] β 2β£ First things first β
When you join any DeFi protocol, start with very small amounts (e.g., 1 XRP) to get a feel for how things work, and try to regularly withdraw everything to test whether you can realize your profits with the protocol or not. π
[1/π§΅] What's still upcoming and in the pipeline for the XRP Ledger? π§
My attempt to summarize what the brilliant @aanchalmalhotre "casually" laid out in a 25-minute talk at XRPL Apex this year. π
[2/15] β 1β£ Key-Challenges β
Privacy and compliance are at odds with each other, and balance is key.
A lot of what the TradFi world is used to and expects still doesn't exist or is purposefully different in blockchains, like transparent transactions or low confidentiality.
[3/15] β 2β£ Key-Challenges β
Institutions also expect their on-chain operations, aka transactions, to be highly customizable and controllable because of factors like internal risk management.
π They expect the XRPL to be programmable for their dedicated policies.