Leap is a next-generation wallet for Terra that brings dApp access,
staking, DeFi, NFTs, identity, social, web3 and web2 app interactions into one
platform. We aim to become the most user-friendly crypto wallet for Terra and
your gateway to every exciting aspect of the Terraverse.
Our vision stems from Terra’s rapid growth this year and its ascension to one of
the biggest ecosystems in crypto today, with close to 100 announced dApps and
80k+ new wallet addresses being created every month. Even for the most OG
LUNAtics, it has become hard to keep pace with new developments and find the
best opportunities to save, invest & track their assets. We believe Terra needs
a new-age wallet that lets users access this complex and evolving universe
through a simple, intuitive and feature-rich interface. Our core team comprises
ex-McKinsey, Facebook, Microsoft builders and engineers.
Aligned with our vision and our ability to execute, Terraform Labs (TFL) has
backed us with a grant to kickstart development on Leap.
Target User
Our product is built keeping in mind every Terra user — right from the beginner
wanting one-click savings to the advanced LUNAtic using several complex
financial products.
We’re starting with the most prominent use cases targeting the median Terra user
and will rapidly expand to cover the crypto beginner and advanced users.
Product Strategy
Leap aims to deliver the best wallet experience for LUNAtics by focusing on:
User experience — drawing inspiration from top web2 consumer apps and through
deep user research, Leap wallet will offer a simple and intuitive UX delivered
through a clean and well-designed UI.
Convenience — all critical components of a user’s Terra experience will live
inside the wallet, as opposed to requiring navigation between different
platforms.
Trust & security — Building a wallet with best-in-class security and protecting
users from scams & phishing attacks is our top priority. We are a non-custodial
wallet, i.e. we don’t store user private keys and can never access user funds.
Decentralized stablecoins as the future of money — as this vision unfolds, we
will partner with the necessary dApps/protocols to help users best on-ramp, save,
invest and spend Terra stablecoins.
Next generation wallet features — keeping pace with cutting-edge crypto
innovations, we will integrate NFTs, gaming, metaverse, identity, social,
commerce and interactive media experiences with Leap.
Composable & Modular architecture — we are building Leap’s tech stack to be
composable & modular, to scale & iterate faster. In the future these modular
components can be extended to build adjacent products.
Product Vision
As the first order of business, Leap will make it safe and easy for you to
store, send, stake, and swap tokens. We will improve upon TerraStation’s
capabilities on staking, swaps and portfolio tracking, along with some quick
wins requested by the community.
Leap will initially be launched as a Chrome Extension and rapidly expand to
other form factors — native iOS, Android and desktop apps, to bring Leap to
users where they already are.
We will partner with Anchor, Mirror and a wide range of Terra protocols so you
can connect with Leap to use these dApps. Our goal is to let you swap through
Terraswap, invest in Anchor, one-click stake through Stader, purchase NFTs and
more — directly within the convenience of your Leap wallet. To support this, we
will build tech infrastructure that allows protocols to develop mini-apps inside
the wallet.
Further, as the multi-chain vision for UST starts playing out, we will integrate
with cross-chain bridges to support the import and export of assets from Terra,
as well as integrate with new multi-chain protocols that emerge.
With all these in place, Leap would become a critical part of the infrastructure
layer of Terra. There are several directions in which we can expand from here:
Social & Identity
Once the wallet becomes a daily use product, it can expand beyond just a
transaction enablement layer-
Identity — build your decentralized identity on Leap with verified NFTs as
profile pictures, a human-readable TNS address, Linktree style links and more.
Decentralized social graph — build your web3 network on Leap that you own and
can take with you to other applications.
Communication & social layer — Leap itself could become one of those
applications with chat, groups, followers and more embedded inside the wallet.
Gaming/Interactive Media/Metaverse
Closely tied to social and identity is the concept of building a gaming profile
on Leap, complete with in-game NFT assets that you own, exchange and port across
games. Similar concepts could be built for digital assets that you can move
through virtual worlds designed for work and play. As play-to-earn becomes more
popular, we will build dashboards that let you easily track, convert and spend
your earnings.
Terraverse as a Service
We aim to become a critical middleware layer that provides the rails for any
application (crypto or otherwise) to access the benefits of UST and other
protocols on Terra. Our modularized architecture would allow us to bundle
relevant wallet functionalities (e.g. deposits on Anchor) into an SDK that can
be made available to other crypto protocols and web2 fintech apps.
Product Roadmap
Leap will be developed in multiple phases after the rollout of the initial MVP.
Our goal is to ship additional features iteratively in short cycles, to make
sure we’re always delivering value and keeping the roadmap flexible for user
feedback.
Phase 0 — MVP
We’re launching with a basic version of the product that covers the most
critical wallet workflows and gets us immediate feedback from users.
Onboarding — create a new wallet or import an existing Terra wallet
Portfolio Viewer — see total and splits across Terra-native assets
Transfers — send and receive Terra-native assets
Auto-lock — wallet locks after 15 minutes of non-activity as an additional
security measure
Dark mode default 😎
Phase 1 — Wallet Basics (6–8 weeks)
Rapidly bring the most-used and most-requested wallet features into Leap with a
simplified and more user-centric design-
Support for CW-20 tokens
Address book — easily save and access frequently used addresses
In-wallet Swaps — powered by integration with Terraswap
In-wallet Staking with easy access to validator metrics and visibility into
rewards and airdrops
Connect your Ledger
NFT Collectibles — view NFTs inside the wallet with useful metadata around price,
collection and floor prices
Activity log — see recent transfers and swaps
Phase 2 — Traverse the Terraverse (3–6 months)
With the basics in place, our focus in this phase is to become a gateway to all
major dApps and protocols on Terra.
Protocol Integrations — Connect Leap on all important Terra protocol webapps.
Access the most relevant protocols directly inside the wallet — Anchor, Apollo,
Nexus, etc.
Fiat on & off ramps — easy on-ramp from fiat to UST through an integration with
Transak
Staking v2 — More educational prompts, performance analytics and one-click
airdrop claims. One-click staking through Stader integration
Detailed portfolio tracking — breakdowns into different asset holding,
profitability, etc.
DEX Aggregation — access the best swap rates across Astroport, Loop and others
Phase 3 — Mini-apps & going beyond the Terraverse (6–12 months)
Mini-apps/Marketplace of integrations — Protocols/developers can integrate their
existing dApps or build new dApps that can be directly accessed within the
wallet. Included here would be web2 apps that allow you to interface with the
non-crypto world (shop for products, pay bills, etc. inside Leap).
Cross-chain transfers —
a. Transfer Terra-native assets to other chains from within the wallet
b. Aggregation across cross-chain bridges to offer the cheapest transfer rates
c. Integration with cross-chain yield protocols
In-wallet notifications — Modeled around EPNS, we want to build a notification
system for alerts on liquidation, airdrops, governance notifications, etc.
Launchpads — invest in exciting new Terra projects from within Leap
Join the Community
The Leap MVP is ready and we’re rolling out our beta soon.
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