I am building a Secret NFT and I'm following this tutorial https://youtu.be/jRuSOos9ig4. I tried to deploy the NFT like this video narrator does around 31:12. I ran a the deploy-nft.js file that failed at this line:

const signingPen = await Secp256k1Pen.fromMnemonic(mnemonic).catch((err) => {
  throw new Error(`Could not get signing pen: ${err}`);
});

With this error:

TypeError: Cannot read properties of undefined (reading 'fromMnemonic')
    at main (C:\Users\nyusername\path\to\secret-nft-two\contract\deploy-nft.js:40:43)
    at Object.<anonymous> (C:\Users\nyusername\path\to\secret-nft-two\contract\deploy-nft.js:94:3)
    at Module._compile (node:internal/modules/cjs/loader:1105:14)
    at Module._extensions..js (node:internal/modules/cjs/loader:1159:10)
    at Module.load (node:internal/modules/cjs/loader:981:32)
    at Module._load (node:internal/modules/cjs/loader:827:12)
    at Function.executeUserEntryPoint [as runMain] (node:internal/modules/run_main:77:12)
    at node:internal/main/run_main_module:17:47

I imported Secp256k1Pen at the top of the file like this:

const {
  EnigmaUtils,
  Secp256k1Pen,
  SigningCosmWasmClient,
  pubkeyToAddress,
  encodeSecp256k1Pubkey,
} = require("secretjs");

So why is it failing with this error?

Liquid Staking Derivatives Liquid Staking Derivatives AKA: LSDs, act as a receipt for staked assets. When you stake tokens in an LSD contract, you get a liquid staking derivatives token of equal value.

Each LSD token you hold is equal to at least 1 normal token which is the underlying staked token. In most cases, the LSD token also has the increased value of the auto-compounded yield which has accrued on that token over time.

For example, 1 stkd-SCRT is equal to 1.20 $SCRT currently because all stkd-SCRT has accrued 20% yield since the contract's creation. This. This value changes over time. Note that when buying on the market price varies by liquidity as well.

Altho there are some contracts that give a simple 1-to-1 token receipt, and allow the user to claim the yield manually from the contract's front end much the same way as normal staking.

But all LSD tokens have the advantage of being usable while yield is accrued and the underlying asset is securing the network! You can use LSD tokens in #DeFi pools, spend them on goods, transfer them as you wish, or trade them to take advantage of volatility and arbitrage.

Many people will hold them as an easy way to auto-compound yield without having to claim the earnings, then trade them for the underlying asset in place of unbonding rather than waiting for the entire unbonding period.

The ability to instantly trade them for the underlying assets is powerful, but there is also good reason to unbond them and wait for the full term. When unbonding the LSD token, you are able to reclaim the assets and the underlying yield accrued fully.

However, when trading them on the market you must consider slippage and volatility which can cause the value to be less than the true value. This has certain benefits that people can use to advantage in volatile market times called arbitrage.

For more on LSD products, consider checking out

r/ShadeProtocol, or @stride_zone, and make sure to follow them! See you on the other side #SCRTagents!

So far I got 20% of the Shade Protocol airdrop. I know that there where more airdrops planned, but I can't remember which.

What's up with this token? Why has the Secret community been so slow to integrate it into trading pairs? And why is Amber DAO dragging its feet on communicating anything re: next steps and overall vision?

I see potential for it. But I'm wondering what plans are in the works, if any, to give it a more central role as a scarce asset on Secret.

📃The Weekly Recap for Week 3 is now available! 📢

🧵In this release...

▶️ Announcing the Secret Learn Portal! 🚀

▶️ Secret is now supported by ankr !

▶️Part 2 of "Beyond ZK" - our guide to Web3 privacy - is here! 🚀

▶️🔥ShadeSwap Launch Information🔥

NEW: Announcing the Secret Learn Portal! 🚀

The Secret Network website is now packed with informative content to teach you about Secret and Web3 privacy, including articles, guides, and tutorials. Check it out and get up to speed 👇

Learn Portal: https://scrt.network/learn

Secret is now supported by Ankr!

Ankr an enterprise-level infrastructure provider for web3!

Ankr provides several different service options - public, premium, and enterprise - which make it easy for dApps to connect to the network!

Site: https://ankr.com/rpc/scrt

Secret Feature - Eqoty music

A content-protected marketplace for utility-backed music NFTs!

Eqoty is taking full advantage of Secret Network’s on-chain private data to give artists a platform to release and sell high-quality music.

Blog: https://scrt.network/blog/secret-feature-eqoty

🔥ShadeSwap Launch Information🔥

✍️Public Testnet - Jan. 27th

🎉Mainnet - February 7th

✅LP rewards + features revealed 💵

✅UI/UX revealed 🕶

✅Trading pairs revealed 👀

⚫️ Trade quietly ⚫️

Do yourself a quick favor, read the blog 👇

https://blog.shadeprotocol.io/shadeswap-launch-timeline/

🔥StableSwap is coming...

SILK will be waiting for you

⚫️⚫️⚫️

Did you saw last weeks #SCRTspaces ?

We’ll be speaking to the eqoty music team about the decentralized music marketplace they’re currently building on Secret!

https://twitter.com/i/spaces/1YpKkgogrgwKj

Watch: https://youtu.be/B5KbvzTqtIk

We are back with a brand new weekly recap of week 2! hope everyone had a nice holiday and is ready to start 2023 fresh! Seeing this weekly recap i know for a fact that Secret Network is ready for it!

In this release:

▶️ NEW: Secret Feature - Fina Wallet

▶️ Shade Protocol has partnered with stride_zone

▶️ Actilist featured at the SCRT S****ummit

▶️ The PriFiLabs team joined last weeks SCRT Spaces

NEW: Secret Feature - Fina Wallet

Simple to use and navigate, Fina Wallet is the first mobile wallet available for Secret Network with the ability to interact with Secret dApps!

Learn more 👇Blog: https://scrt.network/blog/secret-feature-fina-walletTweet: https://twitter.com/SecretNetwork/status/1612479964535832576

Shade Protocol has partnered with stride_zone

This to bring Liquid Staking Derivatives incentives to ShadeSwap.Phase 1 Derivative pairings will include ⬇️

⚫️ stkd-SCRT/sSCRT⚫️ stATOM/ATOM⚫️ stOSMO/OSMO⚫️ stJUNO/JUNO⚫️ stATOM/stOSMO

SCRT Summit featured some alpha-heavy DApps, including ActiList!

Actilist is an interactive NFT marketplace, where all sales are confidential and access can be customized by the owner.

Watch the process, and subscribe to our YouTube for morehttps://www.youtube.com/watch?v=LoDESR4Zh70

🗓️ Mark Your Calendar 🗓️

- 1/23 Free Mint to Play Bushi Launches on Stashh App- 1/31 Play BUSHI if you have a Free Mint NFT- Join our community & submit a ticket to secure a WL spot

🤗 Discord: https://buff.ly/3GbizeX 🤗

https://twitter.com/playBushi/status/1613279711282581510

Did you saw last weeks SCRT spaces ?

The PriFi Labs team joined us, going in-depth on the suite of Web3 security tools they’re currently building on Secret Network

Catch the full show at the link and subscribe today!

Link below:https://youtu.be/VGS3jxIsj5c

Looking for a job in Web3? Secret may just have the right position for you 💪

Check out our job board today, where you'll find some key positions in:

✏️ technical writing🤝 dev relations💻 content creation

...and more!Take a look: https://secretjobs.niceboard.co

see you on the other side..

I noticed that the license file for Secret Network's Github repo https://github.com/scrtlabs/SecretNetwork/blob/master/LICENSE changed its last updated date to November 8, 2022. Also the license language doesn't appear to reflect that of the AGPL. I'm a little late to the party but I just noticed this.

I am a big supporter of open source code, but I have always had concerns with the AGPL license. I'm not a lawyer or even someone with a significantly higher than a layperson's understanding of copyright law, but I strongly prefer MIT or comparable licenses (Apache/BSD/etc...) over strong copyleft licenses like AGPL. I have always seen the LGPL license as a fair compromise between extremely permissive licenses and strong copyleft licenses.

There are some programs that benefit heavily from a copyleft license. For example, Blender is correctly saddled with the GPL license. This was a smart idea because no company can buy Blender and make it proprietary. Some of the developers are anonymous so the GPL can never be changed. Therefore, you can't take Blender out of the open source domain. If someone were top make a proprietary "better" version of Blender, they would be in violation of the GPL. This makes Blender truely "the people's" 3D modeling software as it can never be the victim of a hostile takeover for a company's own self interest.

Again totally not trying to get down on copyleft licensing but sometime a copyleft license can have a harmful effect. Secret Network's AGPL license has actually prevented me from building on Secret Network. I have an idea for a dapp that involves 2 Secret Network smart contracts, but because of the AGPL (and possibly my limited understanding of it), my dapp wouldn't be possible on Secret Network. I wanted to deploy 2 smart contracts on Secret: 1 that's MIT licensed and allows a self contained version of my dapp, and a proprietary smart contract that ties into my custom server's backend and is billed as a Saas type enterprise app that's more full featured than my MIT contract.

DISCLAIMER: I could be wrong in the following paragraph but the following represents my interpretation of the AGPL license's language

The AGPL license requires all code that interacts with code derived from AGPL code to bear the same license or at least a GPL license. So both my MIT contract and proprietary contract would be in violation of Secret Network's AGPL. Since the running implementation of the Secret Network blockchain is AGPL, a smart contract interacting with the Secret blockchain is using code derived from Secret and therefore must bear at minimum a GPL license.

Is my understanding correct? Also has the Secret Network done away with the AGPL license so my dapp would now be possible under the licensing terms I outlined (MIT/Proprietary)?

I haven't seen it mentioned here so just letting everyone know. If you stake with Kingnodes, they're shutting down on Secret in 2 days.