🔖 Title: Swap-in-Potentiam: Moving Onchain Funds "Instantly" To Lightning
🏷️ Categories: Lightning-dev
👥 Authors:
• Olaoluwa Osuntokun ( Olaoluwa Osuntokun [ARCHIVE] (npub19he…kvn4) )
• David A. Harding ( David A. Harding [ARCHIVE] (npub16dt…4wrd) )
• Jesse Posner ( Jesse Posner [ARCHIVE] (npub1gqd…nzxe) )
• ZmnSCPxj ( ZmnSCPxj [ARCHIVE] (npub1g5z…ms3l) )
• Anthony Towns ( Anthony Towns [ARCHIVE] (npub17rl…9l2h) )
• Lloyd Fournier ( Lloyd Fournier [ARCHIVE] (npub1khl…05yp) )
🗒️ Conversation Summary: A new protocol called swap-in-potentiam allows for immediate transfer of onchain funds to Lightning Network, reducing the time required for confirmation. Several proposals were made for faster ways to move funds from on-chain to Lightning Network, including a covenant to establish a channel without an expiry date and a scheme for bridging layer-1 and layer-2 systems transparently for users. The proposed submarine swap/peerswap is not different from a normal on-chain to off-chain swap, but the address generated by the Loop In command is not safe for reuse.
📅 Messages Date Range: 2023-01-03 to 2023-01-05
✉️ Message Count: 8
📚 Total Characters in Messages: 86902