LOBSTR - simple and secure Stellar wallet

dima

lobstr-app

Project title:
LOBSTR wallet - https://lobstr.co

Summary:
LOBSTR - simple and secure Stellar wallet available on the web, Android and iOS.

Goals:
COMPLETED:

~~SEP-0006 Asset withdraw/deposit (apay.io, stellarport.io, fchain.io, naobtc.com)~~
~~SEP-0007 support (web)~~
~~SEP-0007 support (mobile - available in v.4.5.0 apps)~~
~~Setup 3 new validators (now LOBSTR runs a total of 5 full validators)~~
~~Redesigned onboarding for mobile apps~~
~~Multisig improvements on web (n of m signers support and other updates)~~
~~Stellar core 11 support~~
~~Ability to edit federated address and ability to connect federated address to connected account~~
~~New “Send” flow for mobile apps (UI to Stellar assets to email address or phone number)~~
~~Price alerts for mobile LOBSTR apps (stay on top of any Stellar asset price 24/7 with PUSH notifications)~~
~~New flexible back-end for Federation management~~
~~Federation improvements *See more on that below~~
~~PUSH notifications about significant XLM price changes (“XLM is up10% in the last 24 hours”)~~
~~Connect mobile phone to LOBSTR account on mobile apps~~
~~Update “Help” section in mobile apps~~
~~Knowledge Base updates (new articles, new video tutorials etc.)~~
~~Web. Buy XLM with credit card (using Indacoin SDK)~~
~~Mobile apps. Buy XLM with credit card (using Indacoin SDK)~~
~~Multisig improvements on mobile (n of m signers support and other updates)~~
~~Inflation pool for Stellar ecosystem developers *See more on that below~~
~~Ability to manage your federated address from the mobile app~~
~~Receive” section redesign & updates (explain multiple options - Stellar address, federated address, email, phone number, “accept all assets” address etc.)~~
~~Request” section redesign & updates~~
~~Settings updates on mobile apps (set name, change password, edit federation address etc.)~~
~~Redesign of History (transaction history) and transaction details pages~~
~~Trading improvements (25% ... 50% ... 75% selectors, polishing, etc)~~
~~Trade non-native asset pairs (only XLM pairs available now)~~

IN PROGRESS:

SEP-0006 Withdraw/Deposit (NGNT, tempo.eu.com, Anchorusd.com)
Enable 2FA from Mobile apps (currently available on the web only)- Trade non-native asset pairs (only XLM pairs available now)
Localization of the app and knowledge base - add support for 4-5 languages.
New asset page (every asset will have a rich description with its details, stats, market cap, charts, SDEX price, etc)
Updated “contacts” section (make stellar contacts easy-to-use address book like in your device contacts. Enhanced search, address book export, share contact etc.)

NEXT STEPS:

Deposit and Withdraw using bank account (integration of AAVE pay)
Start transition to a fully non-custodial wallet
Referral program. *See more on that below
SEP-0008 (regulated assets)
Better support for restricted assets (KYC, auth_required, auth_revocable)
Simple one-click swap between assets
Path payments
Ledger Nano X support (via bluetooth)
Setup our SEP-0006 compatible anchors (crypto based and hopefully fiat tethered LOBSTR assets).
Various performance improvements (decrease loading time for asset and charting data)
Notifications section improvements (separate notifications for trading, price alerts, security)
Improve navigation in mobile apps on Home and Send screens (swipes between assets, long press etc.)
Website. Show real-time activity notifications (trades, incoming payments alerts)

Description:
Check out the video we prepared for you to find out more about LOBSTR wallet and its features:

Links:
Web: https://lobstr.co/
Android: https://play.google.com/store/apps/details?id=com.lobstr.client
iOS: https://itunes.apple.com/us/app/lobstr-stellar-wallet/id1404357892?mt=8

Anything else (additional information):

Access to LOBSTR inflation pool for Stellar ecosystem developers
LOBSTR will help other projects building on Stellar to benefit from inflation of Stellar network.

The Stellar network has a built-in inflation mechanism which distributes new lumens (1% each year) and transaction fees among the accounts which receive the “votes” from users.

This may serve several purposes. In particular, it allows people to collaborate and vote for certain ecosystem projects, supporting them with the inflation rewards.

However, in order to receive inflation, each account first needs to solve a difficult challenge and get above the minimum votes threshold, which is over 50M. This means that a total balance of wallets voting for the account should be over 50M lumens.

Once this threshold is reached a project can start receiving inflation benefits, which may help fund development and fuel further growth. Several projects in the Stellar ecosystem have made attempts to collect their own collect inflation, but at this point this is a very challenging task, since majority of lumens are not yet distributed, which makes the threshold even more difficult.

So, supporting a smaller project through inflation mechanism was not really a feasible option.

LOBSTR (thanks to over 100,000 voting users) was able to overcome the inflation threshold and started receiving inflation payouts. This now helps us fund the development and continue innovating.

Next, we want to help other projects benefit from inflation as well by opening our inflation pool for other projects.

We are building a tool that will allow any project building on Stellar ecosystem (wallet, SDK, exchange, etc) to direct the user votes to our inflation pool (users will need to sign a single simple transaction), and immediately receive their share of inflation payouts. You can think of this like Lumenaut pool, but for companies building on Stellar. As an example, 3M votes will generate a monthly revenue of 2500 XLM, which depending on the XLM price may help pay the hosting bills, pay part-time contractors or even provide a support needed to focus on the project full-time.

Technically, all the accounts will share the same inflation destination, and the routing will happen through home domain or account data entries - so the shares count will be transparent.
We will be refunding 100% of the payouts for the open-source projects, and taking a small fee from others.

Full details about the service will be announced in June, once we launch the tools.
Please let us know if you’d like to get the early access - we are looking for several projects that would be interested to start in a week or two.

Referral program
We are working on a referral program for LOBSTR, where a user can invite 3 new users (friends, family) and get a bonus for invitation.

Invite friends by sending them a few lumens by email or phone number.
We have designed a great onboarding experience for new users that will make it easy for new users to get started with Stellar.

We already have the back-end to do it right now.
All you need to do is send payment lumens or any other Stellar asset to any email like john.doe@mail.com*lobstr.co or any phone number like +11234567890*lobstr.co to trigger the onboarding email or SMS from LOBSTR, which will give new user ability to claim the assets.

We are still designing the rules and rewards, but there’ll be a manual validation to ensure fair participation.

SEP-0006 Withdraw/Deposit support
LOBSTR will provide withdraw and deposit options for Stellar anchors that support it.
This will be based on SEP-0006 protocol and will be live in a few weeks.

It will be possible to exchange several crypto or fiat assets with its Stellar anchors equivalents right from your wallet.

Let's say you have a Bitcoin that you want to deposit to LOBSTR.
Just add any BTC-tethered Stellar asset in LOBSTR, click "Deposit" on the asset page and follow the instructions. When you'll send BTC to anchor account on Bitcoin blockchain, you'll receive BTC asset issued on Stellar in your LOBSTR wallet.

That will work for tethered fiat currencies as well.
Send your USD or EUR to anchor (through bank transfer or card payment) and you’ll receive the same amount of Stellar tokens to your LOBSTR account.
Withdraw fiat Stellar assets directly to your bank account or credit card in a few clicks.

Some anchors may choose to request a KYC verification process, which you’ll be able to complete directly from LOBSTR. This needs to be done once (if anchor requires KYC), and afterwards you’ll be able to seamlessly exchange tethered assets.

List of Stellar anchors where withdraw/deposit will be available:

apay.io (BCH, BTC, LTC, ETH and a few other ERC20 tokens);
stellarport.io (BTC, ETH, XRP, LTC);
fchain.io (BTC);
anchorusd.com (USD);
tempo.eu.com (EUR).

dima

Identicons

We (the team behind LOBSTR and Stellarterm) are introducing a small tool to easily generate identicons for Stellar wallets - unique icons, generated based on the wallet public key.
Each Stellar address will have a unique (in a practical sense), easy to remember icon. This can be used in the interface of any products built on Stellar to improve the user experience.

Identicons can be useful in crypto products, since:

they allow users to visually distinguish different addresses
help verify that the are sending funds to correct account
help visualize history of transactions or multisig configuration

If you’ve used Metamask, you’ve probably noticed the usage of identicons there.
Here’s the sample of 90 random icons, to give you an idea of how they will look like:

lobstr-identicons-set

We want to make these identicons easily accessible for other projects building on Stellar.
And since it would be confusing for the user if his address is visualized differently in different products, we have built a dead simple API for anyone who would want to integrate the identicons in their app.

Let's say you have a Stellar address: GA2T66AMBWHNR7S23MMQ4RR5KIPITETFOUC6DATE74FIFGRYKQIW7RWV
This is how you can get the identicon:
https://id.lobstr.co/GA2T66AMBWHNR7S23MMQ4RR5KIPITETFOUC6DATE74FIFGRYKQIW7RWV.png

Result:
lobstr-identicons

Basically you make a GET request to get the image: https://id.lobstr.co/YOURPUBKEY.png

The identicons are:

generated only once, then saved and served fast
have a size of <1KB
served through global CDN (Cloudfront) for fast delivery and high availability

We will open source the code used to generate them soon.
Identicons are served as square images in PNG format, 200x200 size, which should fit for most usecases.
Would be happy to see them integrated in more projects - wallets, ledger explorers, exchanges!

Yes, number of Stellar wallets >> number of identicons, so the icons are not strictly unique. However, the chance of 2 wallets having the same icon is so small, that they can be reliably used to identify and distinguish addresses.

Jay7

dima
Localization of the app and knowledge base - add support for 4-5 languages.
Can you add Korean?

Scopuly

Great idea for visualizing addresses!
We already played with it and it looks good.
How bravely can we now use this URL https://id.lobstr.co/YOURPUBKEY.png to add image_id to the user interface?

dima

Scopuly
Links are working and shouldn't be changed we think. We'll let you know if something will be updated.
We've already integrated identicons into LOBSTR android app. Other platforms, Stellarterm and Vault will have the same logic soon.

We'll probably write a separate SEP for identicons soon.

dima

SEP-0006 Withdraw/Deposit is available in LOBSTR!

It is possible now to exchange several crypto or fiat assets with its Stellar anchors equivalents right from your wallet.

List of Stellar anchors where withdraw/deposit is available:

apay.io (BCH, BTC, LTC, ETH, SALT, OMG, KIN, LINK, ZRX, REP, MTL, BAT);
stellarport.io (BTC, ETH, XRP, LTC);
fchain.io (ETH, BTC, XRP, BCH);
naobtc.com (BTC);
anchorusd.com (USD) (deposit).

More anchors will be added soon:

tempo.eu.com (EUR)
cowrie.exchange Nigerian Naira (NGNT)
and few more

Available in mobile apps with v4.5.0 or higher:
Google Play
AppStore
https://lobstr.co/

dima

Multisig Updates.

We've updated our apps with multiple multisig improvements recently.
One of the most important things - is N of M multisig support.

For example, you can setup your account to be protected with 5 stellar accounts and sign transactions with 3 required signers.
It is possible to setup the number of required signatures for your transactions in multisig settings of LOBSTR.

Available on web and in mobile apps with v4.5.0 or higher.

multisig

MisterTicot

@dima

I advice you against adding Tempo EURT − Their asset is totally unpegging, which means they probably don't have the funds to back their tokens.

At that time the first bid is at 0.61€ and the first ask at 0,97€. This is the usual situation and this is really rare to have the opportunity to sell an EURT at 1€, especially as the daily volume rarely go that high...

Here on Stellar Port you can see how bad is the situation.

As an additional signal, they raised the average withdrawal fees from 2.5€ to 30€ last June, and made the withdrawal process harder to comply with. It took me weeks to get out of there, and I'm pretty happy I did 🙂

dima

MisterTicot

Thanks for your comment, that's very useful!

Yeah, seems like it's not the best time to add SEP-0006 support for EURT 🙂
It's sad that we don't have any other options for EUR (as far as I know).

MisterTicot

Agreed

dima

Both LOBSTR (web and mobile apps) and StellarTerm now support SEP7 (pay + partially tx).

We have prepared a set of SEP-7 sample URLs, which might be useful for testing purposes for anyone working on it:
https://lobstr.co/delegated-signing/test/
This includes examples of signed requests, different operations, invalid requests, etc.
These links should give you the idea of what exactly is already supported in LOBSTR and Stellarterm.

Mobile apps need to be updated to v4.5.0 or higher.

MisterTicot

Good work! I'm looking forward for complete compliance so I can add Lobster into Cosmic.link.

Just a note though, specifications states that memo_type should be one of MEMO_TEXT, MEMO_ID,MEMO_HASH, MEMO_RETURN.

dima

MisterTicot Yeah, cool. We'll keep you posted about our updates as well. And thanks for a memo note 👍

dima

Hey!
We just published a new Medium post - a brief overview of how identicons can be used for Stellar addresses!

Scopuly

dima Hi. We have implemented this visual feature to identify addresses and it looks cool! Example on the address browsing page: https://scopuly.com/account/GBSUVRN5E2XQ7BLUAKWA5UUQR7NHARNA6HZKBIIYWRJMUPEW3WMDW76R
Thanks guys.

dima

Android version of LOBSTR wallet recently reached 1000+ reviews on Google Play! 🎉🎉🎉

googleplay1k

LOBSTR on Google Play

gleb

@Scopuly That's looking great, happy to hear they are working for you!

MisterTicot

Hi,

I'd like to know about your plans for SEP7. Someone on an other thread suggested you will stick with supporting only a little part of it, but at the same time it is marked as completed in your feature list.

This is a bit misleading, to put it nicely..

Also, I'd like to know with precision which TX you are supporting, so I can at least add partial support from Cosmic.link.

dima

Hi MisterTicot we'll update SEP7 point when we'll add support of other transactions. For now, we support Pay operation, TX operation for Add/Remove trustline and payment. In future, we'll add all possible options, but that was planned as phase 2 of the development.

Thanks!

dima

We've updated our features plan in the main topic.

Next features were competed recently and moved to COMPLETED section:

Web. Buy XLM with credit card (using Indacoin SDK)
Mobile apps. Buy XLM with credit card (using Indacoin SDK)
Multisig improvements on mobile (n of m signers support and other updates)
Inflation pool for Stellar ecosystem developers *See more on that below
Ability to manage your federated address from the mobile app
Receive” section redesign & updates (explain multiple options - Stellar address, federated address, email, phone number, “accept all assets” address etc.)
Request” section redesign & updates
Settings updates on mobile apps (set name, change password, edit federation address etc.)
Redesign of History (transaction history) and transaction details pages