Lute Wallet - 3453478727

Governance Discussions xGov Proposals
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Description

Lute is a wallet for the Algorand blockchain. It can be built and published as a progressive web app (PWA), or a browser extension. Lute has broad adoption across the ecosystem (TinyMan, Folks Finance, NFD, GoPlausable, Lora, and xGov to name a few) thanks in part to its inclusion in the use-wallet library, and in part to passionate users demanding it as an option. Unlike other wallets in the ecosystem, Lute does not use WalletConnect as a bridge and so it is not subject to the expired sessions issues that plague WC-based wallets. Lute’s automatic network switching and KMD support make it favorite among developers and with a long list of other features, there are plenty of reasons to love Lute.

Lute supports:

• Ledger hardware wallets
• HD wallets
• Multi-Sig accounts
• Custom Networks
• Asset Inbox
• NFD and Vaults
• Data Signing
• Atomic Swap (peer to peer)
• Falcon accounts (post-quantum, experimental)

You can find the web version of Lute at https://lute.app where you will also find a link to install the browser extension.

About the team

Andrew Funk (@funk on Discord and here, @LuteWallet on X, @StopThinking on reddit) is an active builder of public goods in the Algorand ecosystem. In addition to Lute Wallet he has built FUNC and AlgoTools.

Additional Info

Lute has been under constant development since its inception in January 2024. Beyond the development of the code, the majority of the work in making Lute a success was in getting integrations/adoption. Lute is now a trusted part of the Algorand ecosystem and that is no small feat.

The next step in building trust is to open the source for Lute. Lute was developed closed-source for a couple reasons. One, as mentioned above much of the work is getting adoption and I didn’t want competition from a fork of my own code while I was working on that. And two, I wanted to keep my options open for funding - either though a grant proposal like this, or a sale of the product.

Lute is requesting a retroactive grant of 400K Algo. If this proposal passes, the source code to build both the PWA site and the browser extension will be opened prior to funding. Lute has received no prior funding.

Metrics

Lute respects user’s privacy and the web version implements minimal tracking (referrer only), so while total number of users is difficult to determine, here are some metrics that are helpful.

Web: 76 distinct referral sources (integrated dApps)
Extension: 2032 users

5 Likes
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Funk is one of the best people in the ecosystem!

The wallet is fire!

Fund this proposal!

Vote YES or YES!

3 Likes
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Easy yes for me personally!

3 Likes
4

Thank you for submitting this. Lute is the go to for most dev teams.

1 Like
5

Why such a high ask when others are requesting less for more? How do we justify or how did we establish the amount of 400,000 $ALGO for this when we have other wallets that the Foundation has poured over $1 million dollars into already?

6

I can give some examples of how Lute adds value to the ecosystem, but ultimately that value is subjective and the answers to your questions might vary per voter.

  • A great alternative for users that don’t want to (or can’t) use a mobile app wallet
  • Lute development moves quickly and is often the first to implement new ARCs and protocol features.
  • Lute allows developers to easily connect to their production dApp with a user’s account. A powerful troubleshooting tool.
  • Lute supports all/any AVM network. Spin up your own!
  • What good is self-custody if you are dependent on other services? Lute puts decentralization first:
    • What wallet will work if WalletConnect is down? Lute.
    • What wallet lets you connect to your own node in case public node services are not reachable (e.g. Cloudflare outage)? Lute.
    • What wallet uses on-chain storage (instead of a proprietary backend service) to facilitate multi-sig distribution? Lute.

As mentioned in the top post Lute has broad adoption from dApps and a sizable user base. Lute has been under constant development for over 2 years and has received no prior funding. I don’t believe there is a project that is offering more value relative to the ask.

2 Likes
7

Thanks so much for your response. A lot of great points made!

1 Like
8

Lute is an amazing product! My go-to wallet for personal use and anything dev-related. It has pioneered many features, helping to drive innovation and progress of the ecosystem.

2 Likes
9

The proposal has been advanced to the voting phase.

1 Like