Discover “Satoshi farming” – Yields and DeFi are not the preserve of the Ethereum network alone.
Bitcoin is also doing it via its Lightning Network (LN) . The Lightning Pool will thus make it possible to both improve liquidity on the LN network, while encouraging node operators to sell payment channels.
A liquidity market on the Lightning Network
Via a publication by its engineer and developer Ryan Gentry , the company Lightning Labs has just revealed the creation of the Lightning Pool .
The latter is intended as a marketplace where it will be possible to earn rewards by selling access to liquidity on the Bitcoin lightning network.
“The Lightning Pool makes it easier to accept payments instantly on Lightning and opens up the new possibility of earning a return on bitcoin by selling access to cash on Lightning. “ – Ryan Gentry
This over-the-counter (P2P) market allows LN node operators to buy and sell payment channels .
A Bitcoin version DeFi
Like decentralized finance on Ethereum, the Lightning Pool allows its users to earn a return on their BTC capital while maintaining control over their funds.
“(…) Node operators can now be paid to open new [payment] channels and provide inbound liquidity. This opens the door to new sources of revenue for leasing cash and deploying capital on the Lightning Network. “ – Ryan Gentry
The alpha version of the Lightning Pool is available to everyone now, so it can be tested to earn real bitcoin returns. Be careful though! The interface remains for the moment still in command line (CLI) and will therefore not be easy to learn.
This incentive to create new channels and liquidity on Bitcoin’s Lightning Network is a great initiative on the part of Lightning Labs. Let us hope that the Lightning Pool will develop quickly, in order to be accessible to as many people as possible and to be able to earn a few satoshis with a decentralized return (without intermediary) !