Lightning Labs sets up liquidity marketplace on Bitcoin’s Lightning network
Lightning Labs, that developed the Lightning Network, a Layer 2 payment protocol and a proposed solution for the Bitcoin scalability problem, announced the release of Pool, “a non-custodial, peer-to-peer marketplace” which would “transform” Lightning liquidity into a tradable asset. Pool is said to allow node operators to buy or sell access to liquidity on the Lightning Network.
Meaning, the firm would now allow users to generate non-custodial yield on their bitcoin holdings, “without losing custody of their funds” or by trusting a third party company (like BlockFi) or even turning funds into WBTC for DeFi yield farming: With Pool, the firm aimed to address a lack of liquidity because of which the network’s participants had begun to develop ways to meet the demand on their own. Stating that the non-custodial marketplace would connect buyers and sellers of inbound liquidity the firm added: Pool is a non-custodial marketplace consisting of auctions that allow participants to buy and sell Lightning Channel Leases (LCL) … with those looking to earn a return on their bitcoin in Lightning channels, promoting more efficient capital allocation on the Lightning Network.
 BTC |
$ 63387.99
|
 |
