Nilo Wallet

The Nilo wallet features Stardust's proprietary custodial wallet solution, the "Stardust Vault". This technology allows for the easy onboarding of new users to the blockchain by eliminating the need for them to manage their own private keys. The Stardust Vault generates a unique wallet for every user and secures it using multi-signatory contract ownership. This ensures that private keys remain secure while still allowing the user to sign transactions using their authenticated login methods, without compromising on the features that experienced blockchain users expect.

• Supported Assets: The Nilo Wallet only supports Nilo ecosystem assets and prevents the user from depositing tokens or NFTs that are not native to the Nilo application.

• Gas-less Transactions: All of the Nilo asset transactions are performed on-chain without requiring the user to provide “gas” for them. The Stardust vault technology facilitates the gas signing and time-delays when users perform transactions inside of the application.

• Wallet Recovery: The Nilo administrators can recover the assets of users who, for any reason, lose access to their account. This feature has been integrated for safeguarding against user-errors where access to login methods is lost.

• OTP Authentication: In order to enforce the best security standards for all Nilo assets, all logins and withdrawals from the wallet will require the user to perform OTP (One-time password) authentication to the email registered on the account. The user can further secure their account by enabling the recommended 2FA Authentication.