Topic: Aqua wallet - Bitcoin, Lightning, Liquid - page 3. (Read 892 times)

As of now, it seems that only few exchanges are offering deposits and withdrawals for Tether on Liquid network actually, and except Bitfinex they are mostly small or local. I hope some bigger exchanges will accept it soon, otherwise we will need to open another account on another exchange with likely another KYC requirement to address if we want to deal with it.
https://help.blockstream.com/hc/en-us/articles/900005355626-How-do-I-get-Liquid-based-Tether-USDt-
Fortunately, it seems that there are more exchanges supporting Liquid BTC https://help.blockstream.com/hc/en-us/articles/900000629383-Which-platforms-support-the-Liquid-Network-

I guess that is what I meant, and you answered my question because I did not realize or consider what layer I might have had been on in the past.

I have never transacted in Tether in any kind of way except being on the exchanges.. although I think that when I had a Bitfinex account between about 2016 and 2017, I had Tether on that account, but I don't know what form of Tether, because when they forced all USA users off of their platform, I am pretty sure that I just converted all of that to BTC to transfer my BTC off of that account.

From about 2018 to 2021, I had a Binance account that used Tether (but I don't recall which type), and when they forced me to stop using their service in 2021, and per their recommendation, I decided to move all of my then Binance balances over to a new account that I created on their BinanceUS branch, and I am pretty sure that I transferred the Tether, but I had not remembered whether that was on Ethereum, even though it appears that the Tether that I currently hold on BinanceUS is ethereum based.. that seems to be the default.    But if I go to withdraw Tether it gives me the below six options



Note: Avax C-Chain, BNB Smart Chain (BEP20), Ethereum (ERC20), Polygon (unavailable), Solana and Tron (TRC20).  There is not even a Bitcoin option of apparently Omni or Liquid.


By the way, I recall that BinanceUS made me switch from Tether to dollars in 2021 (or maybe I did it on my own), and then earlier this year, they discontinued dollars, so I chose to switch to Tether, and I have been using Tether on BinanceUS ever since, even though I had not realized it was the Ethereum based on. .or maybe it does not really matter which one of the bases it is since they are holding it.. but if I am going to transfer it, then I have options to use either the ethereum or the tron version if I were going to move it over to Aqua... since neither Liquid nor Omni seems to be available with BinanceUS... which is all news to me.. if I am not repeating myself a bit too much on this point. hahahaha

If by BTC Tether you mean Tether on Omni layer, you have to know that Tether is discontinuing its support and it might be hard or even impossible to exchange them after next September. So it's better to use Tether from other blockchain/network for now, you can find the current balance of each ones(currently 14) here : https://tether.to/en/transparency/#usdt

https://tether.to/en/supported-protocols
And as Pmalek said above it's not the same protocol and not the same token as the Liquid one.

When you say BTC tether, I assume you mean the asset on the Omni layer, right? Both Omni and Liquid are layer 2 solutions for Bitcoin that allow the creation and transfer of different tokens (in this case the tether token). They are not the same protocol. I think Omni layer was the first network where the tether token resided. The Liquid network came later.

The last few days, BTCSessions (Ben Perrin) had been talking about Aqua Wallet, and in his latest episode of "Why Are We Bullish?," he had Samson Mow as one of the guests who had been involved in Aqua Wallet from the start (during time that Mow was still at Blockstream - as is shown in that above 2020 press release), and seems to still be involved with Aqua wallet, and Mow mentioned that the source code would be released as open-source within a few days, a week or at least a relatively short-period of time^tm - even though Mow seemed to be poo-pooing the importance of open-sourcing (and usually I like Mow - but I found his poo-pooing comment to be kind of irritating and patronizing).

I still have not used Aqua Wallet, yet I downloaded it and created a wallet - and I was looking at the Aqua assets page.



It shows three kinds of Tether (Liquid, Ethereum and Tron), and I am wondering what is "Liquid Tether"?  Is Liquid Tether the same as BTC Tether?  or is there something different about Liquid Tether as compared with BTC Tether?   Maybe it is just naming and I have to play with some of it more and I might be able to answer this particular question.

You are right, it is.
Here is a press release announcing the wallet back in September 2020. It's a wallet created by the Blockstream and Blockstream Green developers, probably meant to popularize the Liquid network. Even the logo is almost identical. Same style and font, but with the addition of a new color.

As the name suggests, to self-moderate them the way they think is right without having to report unwanted spam to mods, hoping they will remove it. There is no controversy with self-moderated topics unless they are opened in boards like Reputation or for the purpose of preventing the truth.

Closed source is a non starter for me.  The fiat shitcoin integrations show their priorities are way off. 

Also, what's up with people posting self moderated topics?   

Isn't aqua wallet an old blockstream wallet?

There is a 2020 topic here.

Maybe they broke apart from blockstream? But they are still using Liquid, like green wallet.

Aqua is not in blockstream.com website anymore.

Edit:
I need to receive an LN payment.. downloaded this wallet to give a try
Aqua wallet LN is a bit frustrating.

It says "don't leave screen until payment is received " when I generated the invoice.

We are still so far from mass adoption...

I guess the fees are deducted from the currency you are sending, similarly to how centralized exchanges do it. You send a certain amount of USDT tokens and pay the fees in USDT. When we are on the topic of Tron, all addresses have a certain amount of daily energy they can use to move TRX for free each day. That means free transactions with 0 fees. But since USDT tokens are considered smart contract interactions, they require more "energy", which is usually not enough for free transactions unless you have a significant amount of staked coins. 

Liquidity is coming from Boltz and Sideswap.

You are going to pay some fees when using USDT from tron blockchain, but you would do the same thing even if using tron crap, unless you are messing around with staking, voting, and energy bullshit.

It's available for Android with APK file, until g00gle play store approves it.

Nice video to watch with Samson Mow and Prince Filip talking abotu Aqua wallet:
https://youtu.be/yi7a2n6VMH4

Short video review by theBTCcourse:
https://youtu.be/9b_VYjKAc-s

I wonder how they do it and where the liquidity comes from? If I receive USDT on Tron and can spend it without owning any Tron tokens, someone must pay the network fees for me in TRX, while there is a conversion in the background of some of my assets in an equivalent amount. I have never owned any assets on Liquid layer.
The link to the App Store for AQUA Wallet is working now with a notification that the app is only available for iPhones.

Yes it has LN, Liquid and Bitcoin onchain.
I think they are using something similar like Breeze wallet for lightning, and for swaps they are using Boltz and Sideswap.
Good news that source code for Aqua wallet will be open source and released in public soon, but let's wait for confirmation of that.

So far I am really impressed with this wallet and how easy and simple is to use it, but expect to have few bugs in first few releases.
This could easily become one of my main spend mobile wallets... and no more need to use other wallets for stable coins.
Few improvements I would like to see is hardware wallet support, desktop app, and showing sats and or mbtc value.

I just installed it and received some lightning bitcoin sent from muun wallet.

I think the aqua lightning wallet is also on the liquid network, so not sure of the mechanics going on in the background, but it seems like sending lightning from regular lightning wallet to one on liquid network is no problem. I did get hit with a $6 transaction fee on the Muun wallet side, but that was expected because of the way they do lightning transactions and was a reason for me moving my balance to a new wallet with cheaper fees. I dont think the high fee was because of liquid network, but maybe someone else has more info on that.

I just got my hands on a brand new mobile wallet for bitcoin called Aqua wallet.

Aqua wallet is non-custodial wallet created by Jan3 company and it is using Liquid and Lightning layer two in addition to regular Bitcoin main net.

After selecting Layer 2 Bitcoin option I can click Receive button and choose between Lightning and Liquid:



I think this could be useful wallet especially in time when fees are high, and I would much rather use this when I need to receive stable coins USDT or EUR in more private way.
One more interesting is that you can accept payments from other chains like ethereum or tron and receive them as USDT.
If we compare fees we can see that transactions are much cheaper than most other alternatives available today, and transactions can be confidential:



I don't see any links for github, so I don't know anything about license but I would love to see this being open source soon.

Aqua wallet is not yet approved and available on g00gle play and app store, but APK file is available for testing on their website.
Just make sure to backup your seed words in safe place after wallet creation.
I think there is a space to improve this wallet, maybe with adding Tor switch, dark theme, releasing source code, but it's not a bad start for first version.


https://aquawallet.io/

Important note:
Aqua wallet is using BIP84 derivation path for Bitcoin and BIP49 for Liquid_BTC.

Have you tested Aqua wallet and what do you think about it?