✅Self-custodial #Bitcoin perps trading is back
❌No counterpartyrisk : all trades are collateralized and secured by an on-chain contract
🔥You can now open new trades after updating your app
Changes have been introduced to make 10101 future-proof
more
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2/ ⛓️You're now opening an on-chain DLC channel with your on-chain balance :
Greater app reliability
You should no longer experience inconveniences such as unexpected forced closes
You can be sure that your trade is collateralized, and verify it using the block explorer
3/ 📊 When you open a new trade, you also open a DLC channel
On the UX side, you have to pay the on-chain tx fee once and then, even if you close your first position, open others with your off-chain balance within the range authorized by the size of your DLC channel
4/ ⚡️ If you had a Lightning channel opened with 10101, it has probably been closed
No worries! You should be able to see your funds on your on-chain balance and open a new trade after updating your app
Any trouble or questions? Get in touch with us : https://t.me/get10101
5/ It's not currently possible to fund your 10101 wallet or DLC channel using Lightning, but we will definitely enable it in future releases
6/ In terms of user experience and flow, there are no major changes for the moment, but our new architecture will allow us greater reliability and above all greater freedom of movement in the future, even for very small sums... stay tuned!
7/ We'll be publishing a new FAQ in the next few days.
Help us keep everyone up to date with these changes!
Feel free to comment and repost to spread the news!