Papaya Anchor (BCH, BTC, LTC, ETH + tokens)

umbrel

Hey Everyone,
As an important part of @PapayaBot I'm currently working on prototype of anchor for ERC20 ethereum tokens. At the moment I'm testing it with ICN.
It is generic enough to support any, but as a precaution I'll be enabling them one by one, once everything is tested.
I'll make my prototype available in a few days.

I'm intentionally not using smart contract yet, want to have it working in production for some time, before I understand all caveats.
At the moment process works as following:
- you submit ethereum and stellar address to the endpoint, receiving random string in response
- you sign that random string to confirm ethereum address ownership and submit it

That's it, now token sent from your registered address to anchor address will be forwarded to your stellar account. And vice versa.

I'm looking forward for your questions, ideas and suggestions. What do you think is important for that kind of service?

jed

This is great!

sacarlson

Ya very nice. looking forward to seeing a prototype even if just on testnet just to check out it's operation. I don't fully understand where the funds are stored outside the stellar network from what you said here. I assume it's some trusted 3rd party that holds each of the ERC20 asset tockens out side stellar? I assume it would work much the same way as https://naobtc.com or the other etherium anchors as far as deposit withdraw as far as user interface? Ok gook luck and looking forward to seeing it in operation.

umbrel

Yes, all tokens arrive to anchor's address and stored there, same as all other anchors, except stellereum.

pacngfar

Did you advance in this project ?

Would be wonderfull to have this, and even more if it is open source ?

umbrel

pacngfar Hey, yes, my ICN anchor is working. I'm just cleaning up/testing now before submitting to SBC. I'd be happy to open source the code, but it requires some extra effort and I'm not ready for that at the moment. I can share it with you privately, especially if you want to review the code and let me know about the problems you find.

umbrel

I've added ETH and tokens: BAT, ZRX. Working on REP and OMG.
What other tokens would you like to see on Stellar network? Does anyone have their favorite?

umbrel

[unknown] noted

umbrel

In my effort to aggregate different anchors under one domain I moved erc20.net and erc20.papayame.com to apay.io.
btc.papayame.com and ltc.papayame.com will soon follow the lead.

CorySvensson

@umbrel - it seems apay.io isn't working atm. I'm very interested in this project, appreciate the updates.

umbrel

CorySvensson could you share what is not working for you? I'll look into that, right now cannot see anything wrong in logs

umbrel

Hey,
Finally I'm happy to announce, that btc.papayame.com and ltc.papayame.com became part of https://apay.io
Now there is only one anchor for everything.

Progress since last SBC submission:

Branded as part of Papaya
Setup our own full validator node + horizon instance
Introduced redundancy into Ethereum setup (parity nodes cluster)
Simplified customer workflow for ETH based assets (before it required signing a message to link address)
Launched live ETH anchor and added some ERC20 tokens: BAT, ICN, REP, OMG, ZRX, KIN, LINK, MTL, SALT
Added Bitcoin Cash
Bitcoin anchor sends segwit txns
Merged multiple separate systems into one project
Improving overall system reliability

Future roadmap:

Latest transactions monitoring and stats
Notifications about pending (unconfirmed) transactions
New type of withdrawals for those who's not in a hurry: reduced mining fee (but slow, 24-48hrs)
Proof of reserves
More coins and tokens
More redundancy

bkolobara

rennychj Could you provide more information about the transactions? What currencies did you use and from what wallet did you send them? Do you have maybe transaction ids?

There could be some technical difficulties with your transactions.

bkolobara

rennychj I suspended you because you spammed in multiple threads how Papaya is a scam (all caps). I don't know what your agenda here is, but it's definitely not to resolve this issue.

umbrel

Oh mate, I wish I had your energy.

rennychj well, I have done 2 transactions with this guy PAPAYA ANCHOR, they never arrived to my wallet,
PAPAYA ANCHOR IS A SCAM, STAY AWAY FROM HIM

It is not, sometimes we have issues with both deposits and withdrawals and we're working hard to resolve it.

rennychj I traded XLM for ETH, around 50 USD in ETH, and they have never arrived in my wallet, I contacted the guy, h never replied me, not technical difficulties or whatsover, It happened twice, I got scammed twice by the guy, anyways People learned from their mistakes. Fool me once, shame on you. Fool me twice, shame on me.

You contacted me 3 hours ago when I was sleeping. I do sleep

renny I just want my money back, i will not spam anymore, but it has happened twice

You provided 1 transaction hash in support channel, I sent it back. What about second payment you mention everywhere?

umbrel

renny yes, there is almost no liquidity, you must check that before you trading, not after that. I'm working on a solution. Meanwhile I can meet your offer manually, how much XLM you wantfor yourETH?

umbrel

renny you too, please try to resolve the problem with the service before calling it a scam. I'm not talking about my anchor right now, I understand you are not happy to have your ETH payment stuck, sorry about that. But attitude like that won't get you anywhere

amarihill

umbrel, you do an excellent job, i reported a problem and you sorted it very quickly, will be using again in future now i know exactly how to use papaya!