Lightning Labs Launches Bitcoin Yield Feature

By Abhimanyu Krishnan | News | 3 Nov 2020


Lightning Network development company Lightning Labs announced on November 2 that it had launched Lightning Pool, which makes it possible to earn yield on Bitcoin (BTC) by selling liquidity access on the Lightning Network.

  • Lightning Pool is a non-custodial, peer-to-peer marketplace where Lightning node operators can buy and sell channels
  • The team states that this will make it easier to instantly accept Lightning payments and makes it possible to earn yield on Bitcoin by selling access to liquidity on the Lightning Network
  • The Lightning Pool effectively makes liquidity on Lightning Network a tradable asset
  • The feature is an answer to inbound liquidity scarcity problems that exchanges, wallet operators and merchants on the network have faced
  • Participants have earned yield on real Bitcoin on the mainnet alpha, for which the team encourages more participation
  • The feature is currently available via the command line interface, with a GUI in development

How do you rate this article?

119


Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


News
News

Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.