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?

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.

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

Did you advance in this project ? Would be wonderfull to have this, and even more if it is open source ?

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.

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?

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.

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

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

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

xlmmm

umbrel hey, thanks for the reply!

I was entering MyETHadd*apay.io (wallet I interface with MEW) in both Stellarport and StellarTerm and both interfaces were giving me 'invalid account address'

on stellarport, in the exchange menu, when i click to change assets i type 'apay' on the issuer. this brings up all the assets issued by apay.io. right now when i do this, all your assets are verified (green circle check mark) with the exception of XIR token (orange triangle exclamation). (i'm not sure this token is actually issued by you or someone else because the issuing address is different than your other assets). When i was experiencing this last time, all the assets had the orange yield sign. i have no idea why it would be one way at one time and then another later.
understood, i hope you can work it out because this is really useful.

umbrel

xlmmm I was entering MyETHadd*apay.io (wallet I interface with MEW) in both Stellarport and StellarTerm and both interfaces were giving me 'invalid account address'

That's surprising, I'll try to test it more to see if that's something on my side.

I guess stellarport checks issuer's stellar.toml on the fly, maybe last time there was a network issue and their request failed, so assets came up that way. It's just a guess though. XIR is not my asset

JVEgithub

ETH lost attempting to withdraw using apay.io.

ETH immediately credited from my StellarTerm account then never arrived to the destination.

Are you able to help me recover the 0.65 ETH lost in transaction?

StellarTerm-->ETH-apay.io (lost in escrow?) —>Poloniex (never arrived)

Transaction e6d0fd686c32911308a7262f28ad3efcb973a1ce786655c01cd4442a6a9c8ea0

*I first attempted contacting umbre1 through Telegram as instructed on apay.io

umbrel

JVEgithub sorted

JVEgithub

umbrel Thanks again!

umbrel

Development update

That was operationally the hardest quarter so far. Started with high Bitcoin fees and therefore big delays with BTC withdrawals, followed by ETH nodes instability, which took me a while to overcome.

Updated website interface to address frequently asked questions, such as withdrawal fees, minimum deposit/withdrawal amounts. Notes for Litecoin address format.
Implemented SEP-0006 standard to make it easy for wallet developers to provide deposit addresses for assets supported by the anchor and handle withdrawals directly without the need to send user to anchor website
Started to provide liquidity first for XLM-BTC pair, now for other pairs too.
Further improving redundancy of internal processes
Preparing to open source some code in the near future
Some new assets are in works, but got delayed due to reliability issues

Here's how it looks now

Future Roadmap:

Looking for ways to provide proof of reserves
Bitcoin Lightning node
Bringing back up testnet version
Merging exchange widget into apay interface

We love your feedback!

ZackMilosevich

Hi Guys, can someone help me with Stellar-ETH Papaya anchor, I added Papaya ETH as anchor and I got ETH address. Then I sent ETH to given address but when I want to trade to xlm via StellarTerm it still says 0 ETH available. Can someone give me a hint or advice.

Thx!

umbrel

ZackMilosevich replied on Telegram, need some transaction details to check this out

ZackMilosevich

Thank you umbrel for your great support!

MuhammadOpang

I has waiting 12 hours deposit KIN
https://etherscan.io/tx/0x26d140c4549f1926c703b87e47d2d231e5cad498857d0b81a0ff452a8d83f4c3
but at telegram not online
since rate 0.00082 XLM now 0.00078 my KIN not arrived ?
@umbrel

umbrel

MuhammadOpang resolved in private

MuhammadOpang

umbrel
thanks sir but now your balance empty again I hope wil refill ASAP I want deposit but scare will delay a long time again

umbrel

We're offering number of services to ICOs:

Help with issuing tokens on Stellar (Consultancy)
Marketing through airdrop to @PapayaBot users. (airdrops are not possible on Stellar, because users have to add trustline in advance, however we have a wallet with few thousands of users, who can get any token to their balance with a message from you)
Anchoring your ERC20 tokens to make them tradeable on Stellar DEX
Market making your tokens (good market is important for stable value of your token)

Message me on Telegram

MisterTicot

@umbrel

Hey ?
I wonder...
What happens after deposit when the linked Stellar account doesn't accept the linked currency?
What happens after deposit when the linked Stellar account doesn't already exist?
(i.e.: do you create it?)

umbrel

MisterTicot Yes, apay funds the account and awaiting for trustline to be set by user.
When account needs to be funded a little fee is charged for the first deposit to cover account creation cost.

MisterTicot

umbrel Perfect ?

Starlight

Why can I withdrawal my KIN from my LOBSTR Wallet? I'm using the apay.io anchor.

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