teemupleb on Nostr: How to avoid high on-chain fees when dollar-cost averaging or rebalancing Lightning ...
How to avoid high on-chain fees when dollar-cost averaging or rebalancing Lightning channels?
Boltz - Non-Custodial Bitcoin Bridge (npub1psm…8970) facilitates secure Bitcoin transfers between Lightning, on-chain, and Liquid, ensuring minimal on-chain footprint.
The Bitcoin Lightning Network offers fast settlements, but its wallets are hot wallets, therefore vulnerable.
Boltz enables users to transfer Bitcoin from Lightning to the main chain.
But when you can’t afford on-chain fees, what to do?
Liquid Network, with stable fees, became a solution.
Users can purchase Bitcoin on Lightning, swap to Liquid via Boltz, store it in a hardware wallet, and later peg-out to the main chain.
Boltz leverages "Submarine Swaps," ensuring trustless, atomic swaps between on-chain and off-chain assets.
It prioritizes user privacy and offers an API for integration with e.g. wallet applications.
Published at
2023-11-11 17:39:55Event JSON
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"pubkey": "a30cdfeee95daf5a2bafd32638ef76829a43dc1996786e33504128342d2f97ff",
"created_at": 1699724395,
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"content": "How to avoid high on-chain fees when dollar-cost averaging or rebalancing Lightning channels?\n nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 facilitates secure Bitcoin transfers between Lightning, on-chain, and Liquid, ensuring minimal on-chain footprint. \n\nThe Bitcoin Lightning Network offers fast settlements, but its wallets are hot wallets, therefore vulnerable. \n\nBoltz enables users to transfer Bitcoin from Lightning to the main chain.\n\nBut when you can’t afford on-chain fees, what to do?\n\nLiquid Network, with stable fees, became a solution. \n\nUsers can purchase Bitcoin on Lightning, swap to Liquid via Boltz, store it in a hardware wallet, and later peg-out to the main chain. \n\nBoltz leverages \"Submarine Swaps,\" ensuring trustless, atomic swaps between on-chain and off-chain assets. \n\nIt prioritizes user privacy and offers an API for integration with e.g. wallet applications. \n\nhttps://m.primal.net/HPtf.png",
"sig": "ffd9a37e2e5464d9e083c23519997ed47e8e53dc63fb09f332c12a175a62c24673de3b2627f9169c851f398675ed1772fe8fd139a37ae91d4ee453d960d900df"
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