general updates
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# Anonymity Mining
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# Anonymity mining
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Anonymity mining is an incentive to increase the level of privacy in any coin-joining or coin-mixing protocols by rewarding participants anonymity points (AP) dependent on how long they hedge their assets in a pool.
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@ -18,17 +18,17 @@ One of the community members created the resource of [a mining spreadsheet 13](h
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1\. Decide what amount and asset to deposit by selecting it through the dropdown menu, before clicking on "Connect" and "Deposit".
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2\. Take a record of your depositing note and back it up safely, **do not share this with anyone or risk losing your deposit and reward.**
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3\. Generate the proof and submit the transaction.
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4\. Your deposit should now be viewable on the bottom of the page, you can track how much AP it earns here; remember the longer your deposit remains active, the more AP you earn.
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_Notes that are active (not withdrawn) are known as “unspent” notes._
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@ -36,29 +36,29 @@ _Notes that are active (not withdrawn) are known as “unspent” notes._
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1\. First you must create a mining account and store those credentials on-chain for easy recovery (requires a transaction), **like depositing notes, you should never share your mining recovery key with anyone** and ensure to back it up in a safe place. This feature is not supported by hardware wallets so it’s encouraged to store the information as presented\_.\_
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2\. Take an active deposit through providing an unspent note and withdraw to an address of preference and decide whether to use a relayer or not (_to maintain a deposit’s anonymity it is always advised to use a relayer_), this will bring the note into a “spent” state.
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**Remember to still keep your depositing notes a secret even after withdrawing, as they still retain the ability to redeem AP.**
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3\. Visit the mining route of the application and enter your spent note, you may be faced with one of the following situations.
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* **The ability to claim your spent note**: click the “Claim reward” button and submitting the transaction either by using a relayer or not, once confirmed your AP balance should update to reflect the action.
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* **The inability to claim a spent note:** _“Warning: The note is not yet ready for anonymity mining. You can wait few days before trying again”_ - This means the Merkle trees are out of sync and require a transaction to be updated.
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Updating the trees can be an expensive process, **it is recommended that users with small deposits wait for the larger miners to update the trees, this could take anywhere from a few days to a week**. If you want to view your event relative to the current pending batches. Click the _“Show mining note information”_ hyperlink, here you can also pay the transaction fees to sync the tree relative to your withdrawal through the “Update trees” button.
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### How to exchange AP
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@ -80,6 +80,6 @@ It is always recommended to plan when deciding to mine any of the anonymity sets
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For more information on anonymity mining, seek the following resources:
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* [Tornado.Cash governance proposal article](https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703)
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* [Tornado.Cash anonymity mining optimisation article](https://tornado-cash.medium.com/gas-price-claimed-anonymity-mining-a-victim-but-now-everyone-can-claim-ap-5441aaa32a1a)
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* [Tornado Cash governance proposal article](https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703)
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* [Tornado Cash anonymity mining optimisation article](https://tornado-cash.medium.com/gas-price-claimed-anonymity-mining-a-victim-but-now-everyone-can-claim-ap-5441aaa32a1a)
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* [Anonymity mining explained (technical)](https://torn.community/t/anonymity-mining-technical-overview/15)
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@ -2,14 +2,12 @@
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## Token
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TORN is an ERC20-compatible token with a fixed supply that governs [Tornado.Cash](https://tornado.cash). TORN holders can make proposals and vote to change the protocol via governance.
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**TORN is not a fundraising device or investment opportunity.**
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TORN is an ERC20-compatible token with a fixed supply that governs Tornado Cash, TORN holders can make proposals and vote to change the protocol via governance.
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**Here’s how the initial distribution of TORN would break down:**
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* **5% (500,000 TORN):** Airdrop to early users of [Tornado.Cash](https://tornado.cash) ETH pools
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* **10% (1,000,000 TORN):** Anonymity mining for [Tornado.Cash](https://tornado.cash) ETH pools, distributed linearly over 1 year
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* **5% (500,000 TORN):** Airdrop to early users of ETH pools
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* **10% (1,000,000 TORN):** Anonymity mining for ETH pools, distributed linearly over 1 year
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* **55% (5,500,000 TORN):** DAO treasury, will be unlocked linearly over 5 years with 3 month cliff
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* **30% (3,000,000 TORN):** Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff
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@ -18,24 +16,20 @@ TORN is an ERC20-compatible token with a fixed supply that governs [Tornado.Cash
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## Airdrop
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Users who have believed in [Tornado.Cash](https://tornado.cash) from early on should have a say in governing the protocol. For this reason, early adopters of the protocol did receive an airdrop of TORN.
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Users who have believed in Tornado Cash from early on should have a say in governing the protocol. For this reason, early adopters of the protocol did receive an airdrop of TORN.
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TORN has been airdropped to [all addresses](https://github.com/tornadocash/airdrop/blob/master/airdrop.csv) that made deposits into [Tornado.Cash](https://tornado.cash) ETH pools before block `11400000`. TORN were airdropped in the form of a non-transferable TORN voucher (vTORN) that can be redeemed 1:1 to TORN within 1 year, from December 18, 2020, to December 18, 2021. TORN that aren’t redeemed will be swept into the governance contract after 1 year and become part of the DAO Treasury. Redeemed TORN will be available immediately.
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TORN has been airdropped to [all addresses](https://github.com/tornadocash/airdrop/blob/master/airdrop.csv) that made deposits into ETH pools before block `11400000`. TORN were airdropped in the form of a non-transferable TORN voucher (vTORN) that can be redeemed 1:1 to TORN within 1 year, from December 18, 2020, to December 18, 2021. TORN that aren’t redeemed will be swept into the governance contract after 1 year and become part of the DAO Treasury. Redeemed TORN will be available immediately.
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The airdropped amount depends on users’ deposit size and age — larger deposits and older deposits will receive more TORN. Multipliers for deposit size are logarithmic:
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So a 100 ETH deposit get twice as many tokens as a 1 ETH deposit. The multiplier allows large and small users of [Tornado.Cash](https://tornado.cash) to both have a say in governance.
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So a 100 ETH deposit get twice as many tokens as a 1 ETH deposit. The multiplier allows large and small users of Tornado Cash to both have a say in governance.
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The exact curve for the time multiplier looks like this:
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The exact airdrop formula is the following:
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_Written by_ [_**Tornado Team**_](https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703)
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@ -1,10 +1,6 @@
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---
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description: Staking alternatives for $TORN
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---
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# Staking
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Since the execution of [proposal #10](https://tornadocash.eth.limo/governance/10), an additional utility was enabled for the asset aside from governance. Through the deployment of the relayer registry, which acts as a official store of active relayers. This is then referenced on the frontend through referencing the registry contract. Relayers pay a percent of withdrawal fees to governance to have an active registration in the registry.
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Since the execution of [proposal #10](https://etherscan.io/address/0xEC2412368be52107Fa549c3fb78DE1e3e6bF18EB#code), an additional utility was enabled for the asset aside from governance. Through the deployment of the relayer registry, which acts as a official store of active relayers. This is then referenced on the frontend through referencing the registry contract. Relayers pay a percent of withdrawal fees to governance to have an active registration in the registry.
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The fee mechanisim functions by relayers locking a listing amount (currently `300 TORN`) and everytime a withdrawal is processed the registry fee (currently `0.3%` of the relayer's arbitary fee) is deducted from their locked balance. This fee is then distributed proportionally to tokenholders locked into the governance contract. Relayers must keep a locked balance greater than the minimum balance (currently `40 TORN`) to be marked as an active relayer and be recommended on the frontend.
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@ -12,31 +8,22 @@ The listing amount, registry fee and minimum balance are all configurable by gov
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### How to stake?
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# Tornado Cash
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### How to Stake TORN token ?
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First, [connect your wallet to Tornado Cash](../../tornado-cash-classic/how-to-connect-your-wallet.md).
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As mentioned above, the process to lock TORN tokens has remained unchanged.
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* It happens here ➡️ [https://tornadocash.eth.limo/governance](https://tornadocash.eth.limo/governance) ⬅️, by clicking on **`Manage`**, then going on the **`Lock`** tab
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* To do that click the **`Voting`** button on the navigation bar at the top of the page to be directed to the governance route of the application
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* The governance contract need to be approved in order to allow the transfer of your tokens to the smart contract. To do so, you need to click on the **`Approve`** button
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* Once the approval is confirmed, you can chose the amount of token to lock, then click on **`Lock`**
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* All you have to do after that is to confirm the transaction in your wallet & wait for the confirmation to come through
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### How to Claim Your Staking Reward ?
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### How to claim your staking reward?
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Now that your TORN tokens have stayed nice & warm locked in the governance contract, you are able to claim your staking reward. How to do that? Everything is still happening here ➡️ [https://tornadocash.eth.link/governance](https://tornadocash.eth.limo/governance) ⬅️
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As soon as you log in the page, you will be able to see your staking reward at the top, just waiting for you to collect it 💰
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To do that click the **`Voting`** button on the navigation bar at the top of the page to be directed to the governance route of the application. As soon as you connect your wallet, you will be able to see your staking reward at the top if you have a balance.
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* Click **`Manage`** -> **`Claim`** tab -> **`Claim`** _button._
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.png>)
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##
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